HP Indigo 20000

Profits in its printing segment jumped by 6.3% year-on-year, from $857m to $911m, but this was down on the $958m recorded in Q2. HP has reported that its sales for third quarter fell by 4% from last year and 11% on the previous quarter, but with profits  up in its printing division. HP’s commercial hardware sales (which includes graphics solutions and 3D printing), was down by 3% year-on-year from $1.07bn to $1.04bn.

Largest equipment supplier to the printing industry

It was also down by 1% on the previous quarter. For all of HP total sales of $14.7bn  for the three-month period to 31 July 2022, down from $15.3bn at the same stage a year ago. HP’s overall profits dropped by 9.4% year-on-year, from $1.33bn to $1.2bn, and this was also down on the $1.24bn figure recorded in Q2.