HP reported its first quarter financial results for the fiscal year 2025 ending in January, with total revenue of $13.504 billion, a 2.4% increase compared to the same quarter in the previous year, and a net profit of $565 million according to GAAP accounting standards.
The Personal Systems group generated $9.224 billion in revenue, a 5% increase, with Consumer segment decreasing by 5% and Commercial segment increasing by 10%. The Printing business revenue was $4.269 billion, a 2% decrease, while hardware units delivered increased by 5%.
CEO Enrique Lores of HP provided key insights on the impact of import tax hikes, stating that over 90% of products sold in the United States are manufactured in countries other than China. The company anticipates that this impact may lead to some price adjustments, but it remains as a last resort.
Source: HP and Yahoo Finance
TLDR: HP’s Q1 2025 financial report shows revenue growth, with Personal Systems and Commercial segments performing well, while Printing business revenue declined. CEO Enrique Lores addressed the impact of import tax hikes, highlighting the need for potential price adjustments.
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