Yesterday evening, HP announced the results of the second quarter of fiscal 2014. By the calendar, this period coincides with the February-April 2014. The company's revenue for the year decreased by 1% to $ 27.3 billion, while net profit rose 18% to $ 1.3 billion At first glance, not so bad. At the same time, cash flow from operations decreased by 16% to $ 3 billion. Also HP company decided to lay off more people than previously collected. Thus, in May 2012 it was decided to lay off 34,000 workers gradually. Under the new plan, the company will be forced to leave another 11 to 16 thousand people. New HP layoffs help save up to one billion dollars.
Now for individual departments. Completing the Windows XP support has caused a dramatic demand for laptops and computer cases. In respect of the annual PCs sales for the quarter increased by 7% against 3.5% profitability . In the corporate segment revenue from PC increased by 12%, while Consumer decreased by 2%. In respect of the annual supply HP computer systems grew by 10% to 6% desktops and laptops at 6%.
Sales in the printers sector declined for the year by 4%. . But revenues from consumables decreased by 6%.
Group service server segment - Enterprise Group - saved for the quarter 2% less than a year ago. Profitability in this segment is 14.4%.
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