This Week in Imaging: What’s Boosting HP Printing’s Revenue Growth? You May be Surprised
Last week, we reported on HP Inc.’s second-consecutive quarter of revenue growth.
For its third quarter, HP posted third-quarter net revenue of $13.1 billion, up 10 percent versus third-quarter 2016. Notably, HP’s printing group’s net revenue was $4.70 billion, up 6.2 percent year-over-year to $4.7 billion, with revenue up for both hardware and supplies. Just prior to that, for its second quarter, both HP’s printer and PC groups revenue was up versus the same quarter a year ago, marking the first time both groups’ revenues were up in the same quarter since 2010.
What changed? For one, the third quarter was the first full quarter that HP began shipping its A3 copier/MFPs. And the momentum is likely to continue with HP’s completion of Samsung’s printer business later this year.
In a third-quarter conference call, HP executives also said that they expect A3 MFPs to drive supplies growth, as A3 toner consumption is higher compared to that of A4 devices.
What’s also been key is that unit shipments also grew year-over-year for the fourth consecutive quarter – a stat that bodes very well for HP and its future supplies’ revenue.
Also key was that in the third quarter, as HP Inc. CEO and President Dion Weisler explained in a third-quarter conference call, supplies’ revenue stabilized in the third quarter, a quarter earlier than expected, with supplies revenues up 10 percent year-over-year.
Last but not least, HP’s graphics-printing business’s revenue was up year-over-year in for the 16th consecutive quarter.
Troubled Toshiba Said to be Close to Selling Memory-Chip Business (Updated) – Read more here.
Nasdaq Sends EFI Warning on Failure to File Quarterly Report – Read more here.
PrintFleet Rolls out First Integration with HP Smart Device Services for Fleet-Monitoring – Read more here.
New ezeep Dash Serverless Printing for PCs and Macs with Cloud-Based Print Management – Read more here.
New Lexmark Smart Document Capture Solution for Government Streamlines Paper-Based Processes – Read more here.
New Lexmark Solution for Automating Document-Capture and Processing Banking – Read more here.
New Mopria Mobile-Printing with Android Features Automatic Printer Discovery, No Downloads – Read more here.
HP Partners with Deloitte to Bring 3D Printing to $12 Trillion Global Manufacturing Market – Read more here.
Commercial- and Production-Printing News
Canon to Debut New Titan Production Printers at Print ’17 – Read more here.
New Memjet DuraLink Inkjet Print Platform with Long-Life Print Head, New Inks, Print Modules – Read more here.
New Xerox Trivor 2400 with High Fusion Inks for Printing on Offset Coated Stock – Read more here.
Canon Wins Injunction Against Third Toner-Cartridge Maker in Germany – Read more here.
HP Regains Inkjet Leadership Position in India’s Printer and Copier/MFP Market – Read more here.
IDC: Worldwide Printer and Copier/MFP Shipments Continue to Show Modest Growth in Second Quarter – Read more here.
Consumer- and Home-Imaging News
New Epson Expression Photo XP-8500 with Six-Color Ink System for Better Photo Quality – Read more here.
New HP ENVY Photo All-in-Ones with New Black Ink, Mobile Connectivity, Instank Ink, More – Read more here.
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