...November 27, 2019 NEW YORK (S&P Global Ratings) Nov. 27, 2019--S&P Global Ratings said today that global PC and printing company HP Inc. 's (###/Stable/A-2) operational performance highlights growth challenges in printing and somewhat slower total revenue growth from the prior quarter, increasing 1.8% in the fourth quarter (on a constant currency basis). HP's print segment pressures persisted as revenue decreased 5.1% compared with 4.5% in the third quarter. Printing hardware units declined 9% while high margin supplies fell 7%. PC systems growth was solid at 5.4% and total units at 8%, benefiting from product refreshes and commercial sales. HP's total operating margins expanded to 7.6% from 7.2% in the fourth quarter of fiscal 2018. The company mitigated some total revenue pressures with good execution, favorable component pricing, and higher product gross margins, offset somewhat by increased investments. The favorable component pricing could be a headwind to PC performance in fiscal...
