HP’s printing net revenue was $US5.3 billion for the fiscal 2021 second quarter, up 28% from the prior year period, as HP Inc. and its subsidiaries posted total Q2 net revenue of $US15.9 billion, up 27.3% from last year.
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"Exceptional demand": |
“We delivered another strong quarter, with double-digit top and bottom line growth,” said Enrique Lores, HP president and CEO.
“HP technology is increasingly at the heart of hybrid work and we are benefitting from exceptional demand for our products and services. Our performance and our positive outlook for the full year reflect the relevance of our innovation, the resilience of our business model, and the operational excellence of our teams.”
Second quarter net revenue was $15.9 billion, up 27.3% from the prior-year period. Second quarter net cash provided by operating activities was $1.4 billion, with free cash flow of $1.3 billion. The second quarter returned $1.8 billion to shareholders in the form of share repurchases and dividends.
Fiscal 2021 second quarter segment results
Personal Systems net revenue was $10.6 billion, up 27% year over year with a 6.7% operating margin. Consumer net revenue increased 72% and Commercial net revenue increased 10%. Total units were up 44% with Notebooks units up 63% and Desktops units down 5%.
Printing net revenue was $5.3 billion, up 28% year over year with a 17.9% operating margin.
Total hardware units were up 42% with Consumer units up 45% and Commercial units up 22%.
Consumer net revenue increased 77% and Commercial net revenue increased 34%.
Supplies net revenue was up 17%.
Details here.
