HP closes its fiscal year 2021 improving its revenues from the sale of business PCs by 25%

HP has closed its fiscal year 2021 with a quarter in which the sales of equipment intended for business use have registered an increase in revenue from sales of business PCs of 25%, mainly due to the demand for Windows PCs for hybrid work. Total, in the quarter HP has entered 16,700 million of dollars, 9.3% more than a year ago, with earnings of 3.1 billion dollars and earnings of 2.71 dollars per share.

On your entire fiscal year 2021, the company has entered 63,500 million of dollars, 12.1% more than in its fiscal year 2020, with profits of 6.500 million dollars and earnings of 5.33 dollars for each one of its shares.

The results of the sales of PCs are what have driven the company’s income in this past quarter, especially those destined for companies and professionals. Thus, those of Personal Systems were $ 11.80 million, 13% more. Those from consumer PC sales fell 3%, but business sales, as we have seen, rose 25%. Of course, 9% fewer units were sold.

Regarding the Printing division, the last quarter registered a slight increase in income: 1% year-on-year, to 4.9 billion dollars. But in terms of number of units, its sales fell more than 10%, both for the business models and for the final consumer.

The company has also offered its forecast for the current quarter, the first of its fiscal year 2022. In it, HP expects to have a profit of between 0.99 and 1.05 dollars. As for what they plan to earn throughout fiscal year 2022, it stays at figures that range between $ 4.07 and $ 4.27 per share. In addition, they expect to have a cash flow of at least $ 4.5 billion.

The CEO of HP, Enrique Lores, has pointed out about the results that «they reflect a company oriented to growth, in an advantageous position and making good progress. We have had a very strong quarter to close an exceptional year of double-digit revenue and earnings per share and earnings growth, while returning record levels of capital to shareholders. HP is at the heart of hybrid with an innovative hardware portfolio, as well as software and subscriptions that position the company well for sustained growth in fiscal 2022 and beyond.«.

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