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HP Inc. reports earnings, and changes CEO

  • Total revenue up 0.1% to $14.6 billion for last quarter
  • Printer/MFP division revenue down 5.3% to $4.912 billion
    • Operating profit of $765 million
    • Supply revenue down 7%
    • Total hardware units down 9%
      • Commercial hardware units down 4% (includes A3 models)
    • CEO Dion Weisler, announced he is stepping down after a little over 3 years
    • New CEO is Enrique Lores, who was in charge of printer/MFP division
      • Was hired 30 years ago as an engineering intern
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