HP said net revenue for the 3 months ended July 31, 2024 rose 2.4% year over year (3.0% on a constant currency basis), and net revenue for the 9 months to date fell 1.0% (1.1% on a constant currency basis).

1. 01

   HP said net revenue for the 3 months ended July 31, 2024 rose 2.4% year over year (3.0% on a constant currency basis), and net revenue for the 9 months to date fell 1.0% (1.1% on a constant currency basis).

2. 02

   HP said Personal Systems net revenue rose 4.9% (5.3% on a constant currency basis) for the 3 months and 1.2% for the 9 months. It cited a 3.6% increase in average selling prices and a 1.1% increase in PC unit volume as drivers of the quarter's growth.

3. 03

   The company said Printing net revenue fell 2.8% (1.9% on a constant currency basis) for the 3 months and 5.3% (4.8% on a constant currency basis) for the 9 months. It also said printer unit volume fell 12.2% for the 9 months.

4. 04

   The company said it returned a total of $2.0 billion to shareholders for the 9 months ended July 31, 2024, including dividends of $0.8 billion and share repurchases of $1.2 billion. It also said it entered into a new 5-year revolving credit facility of $5.0 billion on August 1, 2024.

Key figures

Quarter ended July 31, 2024

Revenue

$13.5B

Operating income

$940M

Net income

$640M

EPS

$0.65

Gross profit

$2.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). 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

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