It delivered revenue growth and margin expansion in Personal Systems, driven by innovation and focus on strategic growth areas such as Device as a Service
HP Inc’s revenue for 2018-2019 is estimated at USD 1,300 Mn. HP is comprised of the following business segments: Personal Systems, Printing, and Corporate Investments. In fiscal 2018, HP delivered profitable growth in both Personal Systems and Printing segments while investing strategically to fuel growth and capture the future. Its continued efforts resulted in the following accomplishments:
• Delivered revenue growth and margin expansion in Personal Systems, driven by innovation and focus on strategic growth areas such as Device as a Service. • Executed effectively in Printing with consistent revenue and profit growth combined with progress in strategic growth areas including Graphics and A3 printing. • Continued the integration of Samsung Electronics printer business expanding our A3 product portfolio and acquired Apogee Corporation, which enhanced our ability to deliver value-added services while accelerating the deployment of its technology into the growing A3 contractual market. • Strengthened the leadership position in 3D printing by extending its product portfolio with the addition of full colour and metals, expanding the application ecosystem, and increasing the number of repeat orders and larger scale customer deployments. • Returned over $3.5 billion of capital to stockholders in the form of dividends and share repurchases. In Personal Systems, HP Inc’s strategic focus is on profitable growth through hyper market segmentation, with respect to enhanced innovation in multi-operating systems, multi-architecture, geography, customer segments and other key attributes. Additionally, it is investing in premium form factors such as convertible notebooks to meet customer preference for mobile, thinner and lighter devices. They have increased their focus on Device as a Service as the market begins to shift to contractual solutions.
In Printing, HP Inc’s strategic growth focus is on shifting to contractual solutions and Graphics, as well as expanding its footprint in the 3D printing marketplace. Business printing includes delivering solutions to SMBs and enterprise customers, such as multi-function and PageWide printers, including its JetIntelligence lineup of LaserJet printers. The shift to contractual solutions includes an increased focus on Managed Print Services and Instant Ink, which presents strong after-market supplies opportunities. In the Graphics space, their focus is on innovations such as our Indigo and Latex product offerings. They plan to continue to focus on shifting the mix in the installed base to higher value units and expanding our innovative Ink, Laser, Graphics and 3D printing programmes.
—SUMEER CHANDRA MD, HP Inc