{"id":68823,"date":"2019-07-29T13:33:19","date_gmt":"2019-07-29T05:33:19","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/hp-inc-reports-fiscal-q1-financial-results-first-revenue-from-3d-printing.3dm"},"modified":"2019-07-29T13:33:19","modified_gmt":"2019-07-29T05:33:19","slug":"hp-inc-reports-fiscal-q1-financial-results-first-revenue-from-3d-printing","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/hp-inc-reports-fiscal-q1-financial-results-first-revenue-from-3d-printing\/","title":{"rendered":"HP Inc. reports fiscal Q1 financial results, first revenue from 3D printing"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">479<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">353<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">122<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">4<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p><span style=\"font-weight: 400;\">HP Inc. (NYSE:HPQ) reports net revenue of $12.7 billion for the first fiscal financial quarter of 2017. These latest financial results show an increase of up 4% when compared to the prior-year period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This most recent quarter is the first time HP Inc., has recognized revenue from their Multi Jet Fusion range of 3D printers. Company CEO Dion Wiesler said the period was a, &#8220;<em>Milestone for 3D printing. Took an order, delivered accepted and received payment for first 3D printer units.&#8221;<\/em><\/span><\/p>\n<figure id=\"attachment_99945\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-99945\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/HP-Multi-Jet-Fusion-embedded-Quantum-Dots.-Photo-by-Michael-Petch-1024x682.jpg\" alt=\"HP Multi Jet Fusion embedded Quantum Dots. Photo by Michael Petch\" width=\"1024\" height=\"682\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/HP-Multi-Jet-Fusion-embedded-Quantum-Dots.-Photo-by-Michael-Petch-1024x682.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/HP-Multi-Jet-Fusion-embedded-Quantum-Dots.-Photo-by-Michael-Petch-150x100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/HP-Multi-Jet-Fusion-embedded-Quantum-Dots.-Photo-by-Michael-Petch-770x513.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/HP-Multi-Jet-Fusion-embedded-Quantum-Dots.-Photo-by-Michael-Petch-200x133.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/HP-Multi-Jet-Fusion-embedded-Quantum-Dots.-Photo-by-Michael-Petch-500x333.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/HP-Multi-Jet-Fusion-embedded-Quantum-Dots.-Photo-by-Michael-Petch.jpg 1352w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">HP Multi Jet Fusion embedded Quantum Dots. Photo by Michael Petch<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Speaking about today\u2019s results HP president and CEO added,<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">In Q1, we delivered earnings at the high end of our outlook range with strong free cash flow, driven by relentless execution and innovation. We are confident in our ability to manage our business and deliver our FY17 financial commitments.<\/span><\/p>\n<\/blockquote>\n<figure id=\"attachment_106447\" style=\"width: 732px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-106447\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/HP-Inc-consolidated-earnings-Q1-2017.jpg\" alt=\"HP Inc consolidated earnings Q1 2017\" width=\"732\" height=\"708\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/HP-Inc-consolidated-earnings-Q1-2017.jpg 732w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/HP-Inc-consolidated-earnings-Q1-2017-200x193.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/HP-Inc-consolidated-earnings-Q1-2017-500x484.jpg 500w\" sizes=\"(max-width: 732px) 100vw, 732px\" \/><figcaption class=\"wp-caption-text\">HP Inc consolidated earnings Q1 2017<\/figcaption><\/figure>\n<p><b>Making 2D printers with 3D printers<\/b><\/p>\n<p><span style=\"font-weight: 400;\">HP\u2019s president of  Stephen Nigro has stated that Multi Jet Fusion 3D printing has the <\/span><span style=\"font-weight: 400;\">\u201cvision to change industries.\u201d Also during this most recent quarter HP announced that a number of components for their 2D printers will be manufactured using the Multi Jet Fusion machines.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While HP Inc. have not separately reported revenue from sales of the Multi Jet Fusion they do provide further information on segmented revenue as follows, <\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Printing net revenue was down 3% year over year (down 2% in constant currency) with a 16.0% operating margin. Total hardware units were up 6% with Commercial hardware units up 2% and Consumer hardware units up 7%. Supplies net revenue was down 3% (down 2% in constant currency).<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">2016 was the first full year of trading for HP Inc<\/span><span style=\"font-weight: 400;\">., and 2017 will be the year when the company begins to recognize revenue from 3D printing. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other companies in the 3D printing industry will be closely watching for news of 3D printer sales at HP. In particular because a frequent explanation during 2016 for lower than expected sales of 3D printers at some OEM\u2019s was that the market was waiting to see how the Multi Jet Fusion measured up. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As 2017 progresses  Industry will be bringing you more information and detailed insight into HP\u2019s 3D printing progress. <\/span><span style=\"font-weight: 400;\">Sign up to our newsletter<\/span><span style=\"font-weight: 400;\"> and <\/span><span style=\"font-weight: 400;\">follow us on social media to be the first with all the latest 3D printing news<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><em>Featured image shows HP Multi Jet Fusion on display at formnext 2016. Photo by Michael Petch<\/em><\/p>\n<figure id=\"attachment_106446\" style=\"width: 723px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-106446\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/HP-Inc-consolidated-balance-sheet-Q1-2017.jpg\" alt=\"HP Inc consolidated balance sheet Q1 2017\" width=\"723\" height=\"657\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/HP-Inc-consolidated-balance-sheet-Q1-2017.jpg 723w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/HP-Inc-consolidated-balance-sheet-Q1-2017-200x182.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/HP-Inc-consolidated-balance-sheet-Q1-2017-500x454.jpg 500w\" sizes=\"(max-width: 723px) 100vw, 723px\" \/><figcaption class=\"wp-caption-text\">HP Inc consolidated balance sheet Q1 2017<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>479shares 353 122 4 HP Inc. (NYSE:HPQ) reports net revenue of $12.7 billion for the first fiscal financial quarter of 2017. These latest financial results show an increase of up 4% when compared to the prior-year period. This most recent quarter is the first time HP Inc., has recognized revenue from their Multi Jet Fusion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182718,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/11\/HP-Multi-Jet-Fusion-embedded-Quantum-Dots.-Photo-by-Michael-Petch-1024x682.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HP Inc. reports fiscal Q1 financial results, first revenue from 3D printing - FacFox News<\/title>\n<meta name=\"description\" content=\"479shares3531224HP Inc. 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