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HP Inc will be less Lesjak, Jack: CFO retires as PC'n'printer biz shifts more gear

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Ralph Philbrick
May 29, 2018 23:27
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The hardware giant revealed its financial figures for another healthy quarter, Q2 FY2018, although warned a small number of layoffs are coming amid its ongoing rejig of its workforce while confirming its chief beancounter will eject from the business by the start of 2019.

Here's a summary of HP Inc's numbers for the three months to April 30:

Revenues of $14bn were up 13 per cent from $12.4bn in the second quarter of 2017, or up 10 per cent with constant currency.

Personal Systems Group revenue was $8.76bn, up 14 per cent from $7.54bn in the year-ago quarter.

Both notebook and desktop revenues were up seven per cent.

Slipped into the good news was the revelation that HP would be stepping up its ongoing corporate restructuring efforts – which will include the axe falling on one to two per cent of the workforce – and reserving at least $150m in costs as a result.

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Ralph Philbrick
May 29, 2018 23:27
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