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Strategy

Delivering on our reinvention


Our Three Pillars

Core

Printing

 

Personal Systems

  • Revitalize consumer
  • Drive commercial

 

  • Lead commercial
  • Grow premium
Growth

Printing

 

Personal Systems

  • Disrupt the copier market
  • Accelerate graphics

 

  • Drive commercial transformation
Future

Printing

 

Personal Systems

  • Lead 3D printing

 

  • Create new immersive categories

Our journey to keep reinventing

Looking back at the past few years, we are enormously proud of how far we’ve come, and how well we’ve executed. Our results reinforce our ability to consistently execute and win in the marketplace while simultaneously fulfilling the commitments we made to our stockholders. But we’re just getting started. Our strategy remains consistent and spans core, growth, and future. We’re leading in the core, setting ourselves up for sustained growth and building momentum to capture the future.

Our core businesses operate in incredibly large markets, and are where we make most of our revenue and operating profit today. Profits from the core enable us to pursue strategic growth in natural adjacencies. Our growth pillar is the bridge to the third pillar of our strategy, the future. This is pure innovation and category creation. We’re making investments in research and development and building new businesses today that will set us up for the long-term future success of HP. We’re confident in our strategy, and believe it enables us to engineer experiences that amaze and deliver attractive, long-term returns for our stockholders.

Executing on our strategy and driving financial returns

Looking across our portfolio, there are tremendous opportunities for us to continue driving innovation and long-term sustainable growth. These opportunities are fueled by trends that are transforming not only the categories where we operate, but the world at large. We are uniquely positioned to capitalize on these trends with a powerful innovation engine that is turning customer insights into experiences that amaze. We are truly energized about the future of HP, but we’re not taking our success, our scale, or our leadership for granted. As an organization, we remain humble, grounded in the needs of our customers and our partners, and relentlessly focused on execution.

Our results in fiscal 2018 demonstrate sustained operational performance, a disciplined investment framework, and prudent cost management. Our core, growth and future strategy is working. And we are well positioned for continued success across our categories and our regions.

In fiscal 2018, we grew net revenue 12% year-over-year, adding over $6.4 billion of revenue from the prior year period for a fiscal year net revenue of $58.5 billion. We also delivered strong non-GAAP diluted net earnings per share growth of 22% to $2.02, generated $4.2 billion in free cash flow, above our previously provided guidance of at least $3.7 billion, and returned 83%, or $3.5 billion, of that free cash flow to stockholders through share repurchases and dividends, above the high-end of our long-term range of 50% to 75%.

We generated these results while continuing to invest in our strategic initiatives that are helping to strengthen our long-term competitiveness. We are consistently executing and winning with customers and partners while simultaneously fulfilling the commitments we made to our stockholders. With our winning portfolio and strong financials, we enter fiscal 2019 well positioned to compete across Personal Systems and Printing including 3D Printing.