The company said net revenue for the 3 months ended April 30, 2024 decreased 0.8% year over year (1.2% on a constant currency basis). U.S. net revenue rose 2.4% to $4.4 billion, while net revenue from international operations fell 2.5% to $8.4 billion.

1. 01

   The company said net revenue for the 3 months ended April 30, 2024 decreased 0.8% year over year (1.2% on a constant currency basis). U.S. net revenue rose 2.4% to $4.4 billion, while net revenue from international operations fell 2.5% to $8.4 billion.

2. 02

   HP said Personal Systems net revenue rose 3.1% over the 3 months, with PC unit volume up 6.9%, while Printing net revenue fell 7.8% and printer unit volume dropped 17.1%.

3. 03

   HP said net cash provided by operating activities for the 6 months ended April 30, 2024 rose $0.1 billion from a year earlier. Over the same period, it returned $1.1 billion to shareholders, including $0.5 billion in cash dividends and $0.6 billion in share repurchases.

4. 04

   HP said gross margin rose 1.0 percentage points over the 3 months. The company attributed the increase in products gross margin to lower commodity and logistics costs, favorable foreign currency impacts and cost savings, including Future Ready transformation savings, and said services gross margin declined.

Key figures

Quarter ended April 30, 2024

Revenue

$12.8B

Operating income

$952M

Net income

$607M

EPS

$0.61

Gross profit

$3.0B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.