HP Inc. announced FY17 Q3 results with revenues of $13.1 billion and non GAAP net profit of $0.7 billion, resulting in a net margin of 5.3%. The quarterly revenues increased 10% on yearly basis, while the net profit was down by 11% on the same basis.
The revenue of Personal Systems segment was up 12% on yearly basis with a 3.7% operating margin. The revenue of the Commercial segment increased by 11% and for the Consumer segment, it increased by 14%. Revenue for the Printing segment was up 6% on yearly basis with an operating margin of 17.3% . Revenue for the Supplies segment was up by 10%.
For the FY17 full year, HP raised the midpoint of forecast GAAP diluted net EPS from continuing operations and non-GAAP diluted net EPS. HP estimates GAAP diluted net EPS from continuing operations to be in the range of $1.46 to $1.50 and non-GAAP diluted net EPS to be in the range of $1.63 to $1.66.
