HP Inc. reported third quarter fiscal 2024 net revenue of $13.5 billion, up 2.4% year-over-year, with net earnings of $640 million. Personal Systems revenue increased 4.9% to $9.4 billion driven by Commercial PC recovery, while Printing revenue declined 2.8% to $4.1 billion. Gross margin improved slightly to 21.5% due to disciplined pricing and cost savings.The company continued to execute its Future Ready transformation plan, targeting structural cost reductions and digital transformation through fiscal year 2025. Operating expenses increased to $2.0 billion or 14.5% of revenue, reflecting continued investments in innovation and people, partially offset by transformation savings. HP maintained strong liquidity with $2.8 billion in cash and generated operating cash flow of $2.1 billion for the nine months.HP returned $2.0 billion to shareholders through $0.8 billion in dividends and $1.2 billion in share repurchases during the first nine months of fiscal 2024. The Board of Directors approved an increase in share repurchase authorization to $10 billion on August 27, 2024. The company expects continued market challenges but remains focused on operational efficiency and strategic growth initiatives.

HP Inc. reported third quarter fiscal 2024 net revenue of $13.5 billion, up 2.4% year-over-year, with net earnings of $640 million. Personal Systems revenue increased 4.9% to $9.4 billion driven by Commercial PC recovery, while Printing revenue declined 2.8% to $4.1 billion. Gross margin improved slightly to 21.5% due to disciplined pricing and cost savings.The company continued to execute its Future Ready transformation plan, targeting structural cost reductions and digital transformation through fiscal year 2025. Operating expenses increased to $2.0 billion or 14.5% of revenue, reflecting continued investments in innovation and people, partially offset by transformation savings. HP maintained strong liquidity with $2.8 billion in cash and generated operating cash flow of $2.1 billion for the nine months.HP returned $2.0 billion to shareholders through $0.8 billion in dividends and $1.2 billion in share repurchases during the first nine months of fiscal 2024. The Board of Directors approved an increase in share repurchase authorization to $10 billion on August 27, 2024. The company expects continued market challenges but remains focused on operational efficiency and strategic growth initiatives.