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HP beats estimates, manages $16.7 billion in revenue in FY21 Q4

HP ENVY 34
HP ENVY 34 (Image credit: Daniel Rubino / Windows Central)

What you need to know

  • HP's final quarter of fiscal year 2021 has wrapped, and in said quarter, it brought in $16.7 billion in revenue.
  • Fiscal year 2021's net revenue, on the whole, was $63.5 billion, which represents a 12.1% jump from the previous year's figure.
  • Commercial PC revenue went up, consumer PC revenue went down.

HP's fiscal year 2021 results are in, giving us a look at how the company did both in its fourth quarter as well as for the year 2021 in its entirety. The answer is, as always, that HP made a lot of money. This quarter, it beat Wall Street estimates and delivered to shareholders with $16.7 billion in quarterly net revenue. That's a 9.3% year-over-year (YoY) jump from the same quarter last year.

The Personal Systems segment of HP's business pulled in $11.8 billion in quarterly revenue, which is a 13% jump from the previous year. Consumer PC revenue took a dip of 3% YoY, while commercial PC revenue went up by 25%. Units were up by 2% for desktops and down by 9% for notebooks, though HP is still competitive in the latter sector when compared with peers Dell and Lenovo.

Quarterly printing revenue was $4.9 billion, representing "only" 1% in YoY gains. Much like with the PC side of the business, commercial revenue was up, and consumer revenue was down.

As for annual figures now that HP's fiscal year has concluded, the company saw a 12.1% increase in the annual revenue department with a final haul of $63.5 billion. The revenue results translate to $6.5 billion in GAAP net earnings, though HP has attached a note to that figure regarding Oracle: "GAAP net earnings and Net cash provided by operating activities includes a net impact of $1,771 million for one-time Oracle Corporation ("Oracle") litigation proceeds. This has resulted in an impact of $1.55 and $1.45 on the GAAP diluted net earnings per share for the three and twelve months ended October 31, 2021, respectively."

You can see the full report at HP's site, wherein it lists many, many other figures pertaining to its quarterly and annual earnings. And if you want perspective on how HP is stacking up against its competitors, you can find Lenovo's recent quarterly results right here on Windows Central.

Robert Carnevale is the News Editor for Windows Central. He's a big fan of Kinect (it lives on in his heart), Sonic the Hedgehog, and the legendary intersection of those two titans, Sonic Free Riders. He is the author of Cold War 2395. Have a useful tip? Send it to robert.carnevale@futurenet.com.