HP Report Sales Down 9.9% and Net Income Down 27% in Q3 2023

PALO ALTO, California – November 2023 – HP Inc. Quarter Ending Sept 2023

Sales: $13.2 Billion vs $14.6B Q3 2022 – Down 9.9%

Earnings: $.8 Billion vs $1.1 Billion Q3 2022 – Down 27%

Printing News: HP stated, “Printing net revenue was $4.3 billion, down 7% year over year (down 5% in constant currency) with an 18.6% operating margin. Consumer Printing net revenue was down 28% and Commercial Printing net revenue was down 6%. Supplies net revenue was down 2% (flat in constant currency). Total hardware units were down 19% overall, with Consumer Printing units down 20% and Commercial Printing units down 8%.”

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