HP Inc.’s revenue rose 14 percent to $14.5 billion in Q1 fiscal 2018, – fuelled by improvement across all of its product segments.
HP Inc. achieved revenue growth of 10 percent in Americas, 13 percent in EMEA and 18 percent in Asia Pacific.
HP Inc. said Personal Systems revenue grew 15 percent to $9.4 billion. HP Printing revenue rose 14 percent to $5.1 billion.
Corporate gross margin increased 10 basis points to 17.8 percent, an increase led by an improved printing mix but moderated by increasing component costs. Operating margin was 6.7 percent. HP Inc.’s efforts to decrease operating expenses were offset by assets gained from the Samsung acquisition, said TBR.
HP Inc. revenue achieve growth of 14 percent in Notebooks, 17 percent in Desktops and 11 percent in Workstations business.
HP Inc. achieved 13 percent increase in consumer revenue. HP Inc. achieve 16 percent increase in commercial revenue. Operating margin decreased 20 basis points year-to-year due to rising component costs. HP Inc. credits its premium lineup and unique form factors for driving buyer interest.
“TBR believes the company is taking advantage of a wave of PC refreshes as consumers and enterprises replace aging devices. HP Inc.’s double-digit growth is at the expense of Lenovo and Dell Technologies,” TBR analyst Dan Callahan.
HP Inc. said it is gaining traction in Device as a Service and aims to be the premier multi-OS solution.
HP Inc.’s printing hardware units increased 14 percent with consumer units up 7 percent and commercial units up 73 percent.
TBR said the growth in commercial units is the success of graphics printing, driven by HP Inc.’s Indigo and PageWide series, driving deals such as ePac Flexible Packaging purchasing 10 additional HP Indigo 20000 digital presses in February, on top of their existing three.
HP Inc. is noting success in Managed Print Services as enterprises shift to contractual printing, and in A4 and A3 printing bolstered by its acquisition of Samsung’s printing assets and relationships.
HP Inc. added customers such as FedEx and the U.S. Marine Corps in its 3D printing business.
