| August 24, 2018 HP released its third-quarter financial results for fiscal year 2018 to July 31, 2018, which showed that HP's net revenue for fiscal year 2018 was 14.586 billion U.S. dollars, up 12% from a year earlier.  Net profit was $880 million, up 26% from $696 million a year earlier.  By the recent five years of HP's share price performance, we can see that HP has climbed in the past two years after a 2016-year slump: Hewlett-Packard received 24.63 dollars in Thursday at the NYSE, up 0.57%. HP's fiscal third quarter 2018 performance highlights: 1. Net revenue of 14.586 billion U.S. dollars, compared to the same period of 13.06 billion U.S. dollar growth of 12% per cent year-on-year increase of 9%;  The total cost and expenditure were $13.506 billion, up 12% from 12.105 billion US dollars a year earlier; 2. The operating profit rate was 7.4%, which grew by 0.1% over a year earlier; According to Non-US GAAP (NON-GAAP), the operating profit rate was 7.3%, down 0.4% from 7.7% a year earlier; Net profit was USD 880 million, which grew by 26% over the same period of 696 million dollars a year earlier;  According to non-US GAAP, net profit was $840 million, up 14% from 735 million US dollars a year earlier; 3. The diluted net profit per share was USD 0.54, which grew by 32% over the same period of 0.41 dollars a year earlier, exceeding HP's directive expectation of 0.47 US dollars to 0.51 dollars per share; According to non-US general accounting standards, diluted net profit per share of 0.52 U.S. dollars, compared with the same period of 0.43 U.S. dollars increased by 21%, in line with HP's $0.49 to 0.52 U.S. dollars in the guidance of expectations; Divided by department: 1. The personal system sector's third-quarter net revenue was $9.395 billion, up 12% from a year earlier, with a year-on-year increase of 9% per cent, and an operating profit rate of 3.9%; Net revenue for business grew 13% Year-on-year, and consumer net revenue grew 10% year-on-year.  Total PC shipments grew 6% year-on-year, with desktop shipments growing 7%, and laptop shipments growing by 6% per cent year-on-year; 2. The printing department's net revenue for the third quarter was $5.188 billion, which grew by 11% over the same period of 4.677 billion dollars a year earlier, with a year-on-year increase of 9% per cent and an operating profit rate of 16%; Total hardware shipments grew 12%, of which commercial hardware shipments grew 91% year-on-year, and consumer hardware shipments grew 2% per cent year-on-year;  NET consumable revenue grew 8% per cent year-on-year, up 6% from the fixed-rate calculation. Hewlett-Packard President and CEO Dion Weisler said: HP in the fiscal year 2018 in the third quarter of a good performance, the performance of various departments and regions to maintain stability and balance.  HP's core business has differentiated innovation, pushed our growth program forward, invested in the future, and at the same time achieved a huge profit growth rate of 21% per cent on the basis of non-US general accounting standards. Summary: In our view, although HP has achieved overall growth in the PC business and print business, these two parts of the business have been growing more slowly due to the saturation of global market demand. |
