Thread regarding HP (Hewlett-Packard) layoffs

Here are the real numbers so that no one is confused here:

Non-GAAP Reported EPS $0.81, met $0.76 to $0.86 expectations (down $0.09 from previous quarter, not a good start to FY2024)

GAAP Reported EPS $0.62, met $0.60 to $0.70.

Notice how HP is giving themselves a large safety net so they don't appear to be liars. Anyways...

GAAP Net Revenue $13.2B, down 4.4% YoY, big miss, decline continuing. $8.8B was in Non-Print, down 4% YoY. $4.4 was in Print, down 5% YoY.

GAAP Operating Margins 7.1%, up 1.4% YoY, likely increased due to a large amount of layoffs that occurred. I'm sure they're still throwing parties like a college fraternity.

Operating Costs $125M

Money Spent on Dividends and Stock Buybacks $800M... LOL well that tells you everything you need to know about HP. Literally paying 6.4 times more to their investors than their employees.

Free Cash Flow $25M, these people have no money to do anything outside of paying employees. People want to know why the company doesn't innovate and take risks? Here you go...

So I don't know why that one person said that HP was up 3% YoY. That's completely false. Also mentioned that they got a congratulations in an email about company performance. Yeah, that's called damage control. You think Enrique is happy with Q1 results? Ha, no, not at all. Does he want people to panic? No. So he's gonna to make it sound like it's not a big deal. It's a big deal. But he wants to retain morale.

HP is losing its grip on the PC market. They've provided a very wide earnings guidance for the year to make them look better in their predictions. They're paying out heavy, heavy investor cash. They will likely see some recovery this year but their broad predictions are a warning indicator of uncertainty and frankly it's a half-truth. It's like saying, "I'm good at darts. I can at least get it on the dart board but I can't tell you where it will land. That's how good I am."

Earnings source: https://investor.hp.com/news/press-release-details/2024/HP-Inc.-Reports-Fiscal-2024-First-Quarter-Results/

I got the same internal email, here is part of it where it states the increase:

"Our overall revenue experienced a 3% increase y/y, surpassing expectations. Our hardware business has been a significant contributor to this growth, which saw a 5% y/y increase and is particularly noteworthy in a drupa year. Furthermore, we've successfully expanded our market share leadership, with both Indigo and PWI exceeding market performance."

This is the industrial print division.

"How bout ignoring this entire website so you can spend more time doing something productive?

He is back to upvoting himself (upvoted himself 12 times in 5 minutes). How pathethic and insecure your are.

“Ignore this fool.”

How bout ignoring this entire website so you can spend more time doing something productive?

"And yet none of those below sources mention anything about layoffs. So who’s the stupid one now hmmmmm?"

The official Village Id--t on this board is back. First he lied and claimed HP revenue actually went up (see his post below), and now (faced with evidence) he is changing his story again. Ignore this fool.

"And yet none of those below sources mention anything about layoffs. So who’s the stupid one now hmmmmm?"

The offical HP board Village Id--t is back again. Look at the downvotes this guys receives. Ignore him.

“HP's loss is all over the financial news (see sources below), but you are stupid as stupid can be.”

And yet none of those below sources mention anything about layoffs. So who’s the stupid one now hmmmmm?

"“STOP MAKING STUFF UP.”

STOP POSTING FAKE NEWS."

The Village Id--t speaks again. HP's loss is all over the financial news (see sources below), but you are stupid as stupid can be.

“STOP MAKING STUFF UP.”

STOP POSTING FAKE NEWS.

"Revenue is up 3% y/y
That is the official internal posting at HP. We all got the email stating the good news this morning. I don't know where you are getting your numbers from."

STOP MAKING STUFF UP.
I have no idea how you can so shamefully lie like this and make numbers up. I have seen you do this before. Do you get paid to cheerlead for HP?

HERE ARE THE REAL NUBMERS. THE STOCK IS FALLING (4% in just two days) AS YOU ARE MOVING YOUIR LIPS (LYING).

February 29, 2024 — 09:38 am EST
"HPQ’s net revenues of $13.2 billion missed the Zacks Consensus Estimate of $13.6 billion and declined 4.4% year over year. In constant currency (cc), revenues declined 4.9% in the first quarter. The dismal top line was due to a volatile external environment affecting the demand across the industry in which HPQ operates."
https://www.nasdaq.com/articles/hp-hpq-q1-earnings-match-revenues-miss-stock-falls-3

Updated Wed, February 28, 2024 at 3:17 PM PST
"(Reuters) -HP Inc missed Wall Street estimates for first-quarter revenue on Wednesday, marking a seventh straight quarter of decline, driven by sluggish demand in the personal computers (PC) market as customers delay system upgrades.
Shares of HP, which is the second-largest PC vendor in the world after China's Lenovo Group, fell more than 3% in extended trading."
https://finance.yahoo.com/news/hp-misses-first-quarter-revenue-212039692.html

Consensus Wall Street revenue targets were 13.6B. HP came in with only 13.2B.

Revenue is up 3% y/y

That is the official internal posting at HP. We all got the email stating the good news this morning. I don't know where you are getting your numbers from.