Hewlett Packard performance in first quarter of FY 2019.
Key Highlights (Amounts in millions)
| Q1 2019 | Q1 2018 | |
| Net revenues | $ 14,710 | $ 14,517 |
| Net earnings | $ 803 | $ 1,938 |
| Research and development | $344 | $347 |
| Total costs and expenses | $13,784 | $13,604 |
| Personal Systems | $ 9,657 | $ 9,440 |
| Printing | $5,056 | $5,076 |
- Net revenues of HP in the 1st quarter of FY 2019 climbed to $ 14,710 millions compred to $ 14,517 millions during the same quarter of 2018.
- Net earnings of HP declined to $ 803 millions in the first quarter of FY 2019 from $ 1,938 millions during the same quarter in 2018.
- Research and development expenses remained nearly the same in 1st quarter of 2019 as 2018. HP spent $344 millions in FY 2019 1st quarter on R&D as compared to $347 millions during the 1st quarter of 2018.
- Tota costs and expenses of HP were $13,784 millions in 1st quarter of 2019 compared to $13,604 millions in Q1 2018.
- HP revenue from personal systems climbed 2% to $ 9,657 millions in the first quarter of 2019 compared to $ 9,440 millions in Q1 2018.
- Operating profit from personal systems was 4.2% of segment net revenues or $410 million in Q1 2019.
- HP revenues from printing declined to $5,056 millions in the Q1 2019 compared to $5,076 millions in the 1st quarter of 2018.
- Operating profit from printing was 16.2% of segment net revenues or $821 million in Q1 2019.
Distribution of Net Revenues HP FY 2019 1st quarter vs FY 2018 1st quarter.
HP Revenues from personal systems (Amounts in millions)
| Personal Systems | Q1 2019 | Q1 2018 |
| Notebooks | $ 5,919 | $ 5,595 |
| Desktops | $2,857 | $2,955 |
| Workstations | $562 | $543 |
| Other | $319 | $347 |
| Total Personal Systems | $9,657 | $9,440 |
- Personal systems accounted for 65% of the total net revenues of HP in the 1st quarter of 2019.
- HP revenues from sales of notebooks climbed 6% to $5,919 millions in 1st quarter of 2019 compared to $ 5,595 millions in 1st quarter of 2018. Unit sales declined by 1%.
- HP revenues from sales of desktops declined 3% to $2,857 millions in 1st quarter of 2019 from $2,955 millions in 1st quarter of 2018. Unit sales declined by 8% during the same period.
- Total personal systems unit sales delined by 3% year on year (Q1 2019).
HP revenues from Printing (amounts in millions)
| Printing | Q1 2019 | Q1 2018 |
| Supplies | $3,267 | $3,351 |
| Commercial Hardware | $1,090 | $1,037 |
| Consumer Hardware | $699 | $688 |
| Total Printing | $5,056 | $5,076 |
- Total net revenues from printing remained nearly flat at $5,056 million in Q1 2019 compared to $5,076 million in Q1 2018.
- Net revenues from supplies declined by around 3% in Q1 2019 reaching $3,267 million compared to $3,351 million in Q1 2018.
- Printing net revenues from commercial hardware grew to $1,090 million in Q1 2019 from $1,037 million in Q1 2018.
- Net revenues from consumer hardware grew to $699 millin in Q1 2019 from $688 million in Q1 2018.
- Net revenues from the Americas in Q1 2019 was 41% of the total net revenues of HP. (3% yoy decline)
- US accounted for around 33% of the total net revenues of HP in Q1 2019. Non US reveneus were 67% of the total net revenues.
- EMEA (Europe, Middle east and Africa) accounted for 36% of the total net revenues of the brand in Q1 2019 (3% yoy growth).
- Asia Pacific accounted for 23% of the total net revenues of the brand in Q1 2019 (8% yoy growth).
Sources:-
HP Inc quarterly results FY 2019 Q1.
HP Inc Q1 2019 earnings summary.