Wednesday, August 24, 2016

HP Inc: printers are no longer in demand – Handelsblatt

In this Tuesday, May 24, 2016 photo, Hewlett-Packard

the goods of HP Inc in a shop: on Wednesday, the printer and computer maker issued its quarterly results

(Photo: AP)

Bangalore / Palo Alto When PC and printer manufacturers HP Inc operations continue to decline. Because of declining demand Printer sales fell last quarter (end of July) by 3.8 percent to $ 11.89 billion, as the management announced after US market close on Wednesday.

This means that revenues also declined in the third quarter after cleavage from the former Hewlett-Packard company. Net income from ongoing business, however, climbed by a fifth 843 million dollars.

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While the printer sales, last quarter shrank by 14 percent the previous year, was, after all, the last also difficult computer business thanks to a sharp rise in demand for notebooks recorded a four-owned unit sales.

For the current quarter, HP introduced an adjusted earnings 34-37 cents per share in prospect and was thus significantly below analysts’ expectations. Investors reacted disappointed that HP shares traded in after-hours trading 4.5 percent in the red.

Hewlett-Packard had split late last year. Besides HP Inc also the range Hewlett Packard Enterprise (HPE) now operates independently, are bundled in the future lines such as server and storage services.


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