HP’s consumer PC division has reported an 11% decrease in Q3 unit sales, impairing a 3% revenue lift for its commercial PC business.
For Q3 FY19, desktop unit sales lift 11%, with notebooks up 2%.
Printing revenue declined 5% year-on-year (hardware units down 9%), and supply sales slipping 7%.
The news follows the exit of HP Chief Executive, Dion Weisler, due to family matters, replaced by Enrique Lores.
[HP]
“Our end objective is to create a more digitally enabled, customer-centric organisation,” claims Lores in an earnings call.
“It’s critical that we do some because the needs of our customers are rapidly changing, and we must become a more agile organisation that is framers to fully capitalise on the opportunities ahead.”
Broader, HP Q3 results remained relatively flat year-on-year, with Q3 net income of US$1.2 billion (78 cents/share) on revenue of US$14.6 billion.
Concerning future outlook, the company is forecasting Q4 non-GAAP earnings of 55 cents/share – 59 cents/share.
[HP]
