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Net printing revenue of HP up 28 percent in Q2

HP’s printing net revenue was $US5.3 billion for the fiscal 2021 second quarter, up 28 percent from the same period in the previous year. Enrique Lores, HP president and CEO said that they delivered another strong quarter, with double-digit top and bottom line growth. He added that HP technology is increasingly at the heart of hybrid work and the company is benefiting from exceptional demand for its products and services. “Our performance and our positive outlook for the full year reflect the relevance of our innovation, the resilience of our business model, and the operational excellence of our teams,” added Enrique.

Second quarter net revenue of HP was $15.9 billion, up 27.3 percent from the prior-year period. Second quarter net cash provided by operating activities was $1.4 billion, with free cash flow of $1.3 billion. The second quarter returned $1.8 billion to shareholders in the form of share repurchases and dividends. Total hardware units were up 42 percent with Consumer units up 45 percent and Commercial units up 22 percent.


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