OEM sees decrease across commercial hardware and consumer hardware units.
HP has announced 
declines in printing revenue as it reports its full year fiscal 2012 results, announcing net revenue of $120.4 million (€93 million), a decrease of five percent from 2011, reports Visions & Trends.
Printing revenue is reported to have also declined by five percent year-on-year, with HP announcing an operating margin of 17.5 percent. Commercial and consumer hardware fell by 15 and 22 percent respectively, with a total hardware unit decrease of 20 percent year-on-year.
HP President Meg Whitman commented: “As we discussed during our Securities Analyst Meeting last month, fiscal 2012 was the first year in a multiyear journey to turn HP around. We’re starting to see progress in key areas, such as new product releases and customer wins.
“We’re particularly pleased that in Q4, we were able to improve our balance sheet, generating $4.1 billion (€3.1 billion) in operating cash flow, and we returned $384 million (€296 million) to shareholders in the form of share repurchases and dividends.”
Following the announcement of its results, HP has also claimed to have been severely misled by UK software firm Autonomy into overvaluing the company and subsequently announced a non-cash impairment charge of $8.8 billion (€6.8 billion). Autonomy founder Mike Lynch has denied all accusations.