HP reported its fourth quarter financial results for the fiscal year 2024, ending in October, with total revenue of $14.055 billion, a 1.7% increase from the same period the year before, and a net profit of $906 million according to GAAP accounting standards.
Overall, the Personal Systems group saw a 2% increase in revenue to $9.591 billion, with the enterprise customer segment growing by 5% while the consumer segment decreased by 4%. On the other hand, the Printing business had total revenue of $4.452 billion, showing a 1% increase.
Enrique Lores, CEO of HP, expressed satisfaction with the quarterly performance, highlighting continuous revenue growth in both the Personal Systems and Printing divisions. The company is optimistic about future growth prospects in fiscal year 2025, particularly in the enterprise customer segment.
TLDR: HP reported positive revenue growth in Q4 2024, with the Personal Systems and Printing divisions showing promising results. CEO Enrique Lores is optimistic about future growth in FY 2025, especially in the enterprise customer segment.
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