Industry News

HP Inc. Reports Fiscal 2023 Second Quarter Results

Second quarter net cash provided by operating activities of $0.6 billion, free cash flow of $0.5 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

HP Inc. and its subsidiaries fiscal 2023 second quarter net revenue of $12.9 billion, down 21.7% (down 18% in constant currency) from the prior-year period. “Our disciplined execution and strong innovation in a tough macro environment allowed us to deliver non-GAAP EPS at the high-end of our target in Q2,” said Enrique Lores, HP president and CEO. “We are well-positioned to win in our markets and drive long-term sustainable growth as we make continued progress against our Future Ready plan.” ...

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