Product play June 1 news, HP The company’s fiscal 2022 second-quarter earnings report was released today. The report shows that HP’s second-quarter net revenue was US$16.5 billion, an increase of 3.9% compared with US$15.9 billion in the same period last year, and a year-on-year increase of 4.9% excluding the impact of exchange rate changes; net profit was US$1 billion, compared with the same period last year. The same period last year was down 19% from $1.2 billion in the same period last year; non-GAAP net income was $1.2 billion, down 1% from $1.2 billion in the same period last year.
Divided by business segment, HP Personal Systems Group’s revenue in the second quarter was US$11.532 billion, an increase of 9% compared with US$10.555 billion in the same period last year, and an increase of 11% year-on-year excluding the impact of exchange rate changes; Operating profit margin in the second quarter was 6.9%. Among them, the revenue of the commercial segment increased by 18% year-on-year, and the revenue of the personal consumer segment decreased by 6% year-on-year; desktop shipments increased by 11% year-on-year, notebook shipments decreased by 23% year-on-year, and total shipments decreased by 17% year-on-year. HP Personal Systems Group’s second-quarter pretax profit was $798 million, compared with $710 million a year earlier.
HP Printing Group’s second-quarter revenue was $4.963 billion, down 7 percent from $5.323 billion in the same period last year, or 6 percent excluding the impact of currency changes; operating profit margin was 17.9 percent. Among them, the net revenue of the personal consumer department decreased by 12% year-on-year, the net revenue of the commercial department decreased by 4% year-on-year, and the net revenue of materials decreased by 6% year-on-year. Shipments were down 17% year-over-year, personal hardware shipments were down 24% year-over-year, and total hardware shipments were down 23% year-over-year. HP’s second-quarter pretax profit was $958 million, compared with $951 million a year earlier.
HP’s second-quarter corporate investment was zero, compared with $1 million in the same period last year. HP’s second-quarter pretax loss on corporate investments was $52 million, compared with a pretax loss of $35 million a year earlier.
HP’s second-quarter other revenue was -$5 million, compared to zero in the previous quarter and -$2 million in the same period last year.
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