HP announced its fourth quarter and full year results this week and said that the company’s turnaround is on track. In the final quarter of the year HP reported a net profit of $1.3 billion on turnover of $28.4 billion, which compares with a net profit a year earlier of $1.4 billion on turnover of $29.1 billion. For the year, HP’s net profit was down 2% at $5 billion from $5.1 billion in the previous year, while turnover was little changed at $111.4 billion from $112.3 billion. HP’s personal systems business reported a 4% increase in turnover in Q4, contributing 31.5% to total revenue for the quarter. Sales of desktop PCs declined 2% year on year, though notebook sales improved 8%. In October, HP announced its intention to split into two separate companies, one comprising its enterprise technology infrastructure, software and services businesses, which will operate as Hewlett-Packard Enterprise, while the other will comprise HP’s personal systems and printing businesses, which will do business as HP Inc. (Display Monitor Vol 21 No 40).
Empowering display industry professionals with cutting-edge insights and analysis
