Hp Q2 2015, Supplies Revenue Down 5% Profits Down 21% Cash Flow Down

  • banner-01-26-17b
  • mse-big-banner-new-03-17-2016-416716a-tonernews-web-banner-mse-212
  • 161213_banner_futorag_902x177px
  • 05 02 2016 429716a-cig-clearchoice-banner-902x177
  • 536716a_green_sweep_web_banner_902x17712
  • ink-direct-banner-902-x-177-v-1-2-big-banner-03-23-2017
  • cartridgewebsite-com-big-banner-02-09-07-2016
  • futor_902x177v7-tonernew
  • Print
  • 4toner4
  • 2toner1-2
Share

Hp Q2 2015, Supplies Revenue Down 5% Profits Down 21% Cash Flow Down

 news 2015-05-22 at 11:59:18 am Views: 387
  • #42615

    Hp Q2  2015, Supplies Revenue Down 5%
    Profits Down  21% Cash Flow Down 51%

    HP's profit slips 21% as services business stumbles.

    Printing revenue was down 7% year over year with an 18.3% operating margin. Total hardware units were down 4% with Commercial hardware units up 1% and Consumer hardware units down 6%. Supplies revenue was down 5%.
    https://regmedia.co.uk/2015/05/22/hp_revenue_by_region_q2_2015.jpg?x=648&y=366&infer_y=1
    HP generated $1.5 billion in cash flow from operations in the second quarter, down 51% from the prior-year period. Inventory ended the quarter at $6.2 billion, up 4 days year over year to 29 days. Accounts receivable ended the quarter at $12.3 billion, down 3 days year over year to 44 days. Accounts payable ended the quarter at $14.9 billion, up 10 days year over year to 69 days. HP's dividend payment of $0.16 per share in the second quarter resulted in cash usage of $291 million. HP also utilized $659 million of cash during the quarter to repurchase approximately 19.0 million shares of common stock in the open market. HP exited the quarter with $15.1 billion in gross cash, where gross cash includes cash and cash equivalents, short-term investments, and certain long-term investments.
    http://i1.wp.com/technologytimes.ng/wp-content/uploads/2014/10/HP-logo.png?fit=1024%2C1024