General

HP reported on the results of work in the last quarter

HP reported on the results of the last quarter. HP's revenue was 4.1% lower

the same period a year earlier and amounted to $14.7 billion, at the same time net profit of HP exceeded last year's results by 1%, having reached $1.1 billion. Division of HP Personal Systems brought the company $10 billion that is 3% lower than last year's results. It is noted that shipments of personal computers in the past quarter increased by 1%, while shipments of laptops fell sharply by 32%, and this led to an overall decline in PC sales by 25% in annual terms. The division of HP Printing Group brought to the company $4.57 billion that is 6% lower than results of 2021. The company spent $368 million on research and development, down from $477 million in the same period a year earlier.