What They Say
HP Inc reported revenue up 27.3% to $15.9 billion with net earnings up 61% to $1.2 billion. Non-GAAP operating margin was up from 7.5% to 9.1%.
- Personal Systems net revenue was $10.6 billion, up 27% year over year (up 25% in constant currency) with a 6.7% operating margin.
- Consumer net revenue increased 72% and commercial net revenue increased 10%.
- Total units were up 44% with notebooks units up 63% and desktops units down 5%.
What We Think
The rising tide is certainly lifting all the big boats at the moment! (BR)
