HP Inc. reported financial results for the second quarter of fiscal 2018 with net revenues of $14.0 billion, an increase of 13%, compared to $12.4 billion in Q2 FY17. Net earnings for Q2 FY18 were $1.1 billion, an increase of 89%, compared to $0.6 billion in Q2 FY17. EPS increased to 94% and reached to $0.64 from $0.33 YoY.
In this second quarter, personal systems net revenue was up 14% year-over-year whereas commercial and consumer net revenues were up by 16% and 10% respectively. Total units were up 7% with notebooks units up 7% and desktop units up 7%. On the other hand, net revenues of the printing segment increased by 11% year over year. Total hardware units were up 13% with commercial hardware units up 88% and consumer hardware units up 4%.
