HPFirst quarter earnings are in the books and HP has posted their numbers. Printing growth is down 17%, hardware units are down 20% and supplies are down 14%.

While the earnings were horrible, it’s not yet time to jump ship. HP is just getting their legs under them after the split and it will take time for their strategies to gain traction.

They’re not alone, other venerable leaders in this space have also faced similar challenges. Can HP pull themselves out of this? There’s not enough pie to go around for everyone but HP is a force and they still have the most marketshare out of anyone in this space.

Hardware pulls supplies and when your hardware numbers are down 20% now, supplies will be down for the next 3-5 years.

I will be traveling to an HP event in September and will hopefully see the bright future HP is going to lay out for me.

~Andy


Click here to see the HP Earnings Presentation


Freshly Minted HP Inc. Plays the Long Game