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HP is the worldwide leader in IT products and services and has shown consistent growth in recent years through organic growth and acquisitions and will continue to follow this successful practice in the future.
The printing market is highly profitable and HP is the leader in this market; HP will continue to grow its Imaging and Printing segment which will continue to significantly add to total profits.
For the coming fiscal year, HP expects annual revenues to be between $113.5 and $114 billion compared to market expectations of $112 billion. Sequentially, Q2 revenue outlook of $27.7 to $27.9 billion is higher than market expectations of $27.5 billion.
HP has been focusing on building its presence in emerging markets. This is evident in its current quarter's results. Forty percent of the revenues were from U.S. markets, 43% from EMEA (Europe, the Middle East and Africa), and 17% from Asia Pacific. In the previous year, the Americas contributed 41%, EMEA 43%, and Asia Pacific 16%. Year-on-year, the highest growth was reported in the Asia Pacific segment with 22%, followed by EMEA growth of 15% and America’s 8%.