HP Reports Increases in Fourth Quarter Results

Imaging and Printing Group

Imaging and Printing Group (IPG) revenue increased 8 percent to $7.0 billion in the fourth quarter. Supplies revenue was up 6 percent, while commercial hardware revenue and consumer hardware revenue were up 22 percent and down 2 percent, respectively. Printer unit shipments increased 14 percent, with commercial printer hardware units up 43 percent and consumer printer hardware units up 7 percent. Operating profit was $1.2 billion, or 17.4 percent of revenue, versus $1.2 billion, or 18.1 percent of revenue, in the prior-year period.