HP's Americas revenues flat in Q3
HP's revenues in the Americas were almost flat in fiscal Q3, ended July 31, accounting for 45% of HP's global revenues.
Net revenues in the Americas were down 1% year-over-year in the quarter. Non-US net revenues represented 64% of the company's total, according to HP's quarterly report.
Globally, HP posted a 1% increase in net revenues to US$27.6bn in the fiscal quarter from US$27.2bn in the year-ago period.
The personal systems and enterprise group segments saw revenues increase 12% and 2% respectively, while the rest of the company's operating segments posted revenue declines.
HP's net profit declined 29% to US$985mn from US$1.39bn in fiscal 3Q13.
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