The OEM has published its latest results for the fourth quarter of 2018, as well as its Full Year finances.
HP Inc. has announced fiscal 2018 net revenue of $58.5 billion (€51.4 billion), up 12% from the prior-year period.
Fourth quarter net revenue was $15.4 billion (€13.5 billion), up 10 percent from the prior-year period. The Printing segment generated $5.3 billion (€4.6 billion) net revenue, representing a growth of 9.1 percent year-on-year.
“Our results once again demonstrate HP’s consistent performance with full year non-GAAP EPS growth of 22 percent year over year and free cash flow generation of $4.2 billion (€3.6 billion),” said Dion Weisler, President and CEO, HP Inc. “These results reflect our continued innovation across the portfolio and sharp execution across segments and regions as we position HP for continued long-term sustainable growth.”
For FY 2018, Printing net revenue reached $20.8 billion (€18.2 billion), up 9 percent year over year (up 8 percent in constant currency) with a 16.1 percent operating margin. Operating profit was $3.3 billion (€2.9 billion).
Total hardware units were up 11 percent with Commercial hardware units up 85 percent and Consumer hardware units up 3 percent. Supplies net revenue was up 7 percent (up 6 percent in constant currency).
HP’s key messages for the printing segment were that it had experienced “consistent year-on-year revenue growth in hardware and supplies and in strategic areas”, such as A3, MPS and Instant Ink. The OEM also cited its continued investment in hardware placement, which “drove strong unit growth”, and noted the expansion of its Multi Jet portfolio, the acquisition of Apogee, and other new developments such as its new Tango smart home printer and the 2nd edition of Sprocket.
In terms of region, the Americas generated 44 percent of HP’s net revenue for 2018, the EMEA region was responsible for 35 percent of net revenue and the Asia Pacific region for 21 percent.
