Jyhhaw Liu for Amit Daryanani's questions to HP Inc (HPQ) leadership • Q3 2024
Question
Jyhhaw Liu of Evercore ISI asked about the durability of recent price increases in Personal Systems and requested an update on demand from the federal government vertical.
Answer
CEO Enrique Lores explained that while price adjustments are ongoing, they take time to fully implement due to existing contracts and competitive dynamics. He confirmed that historically, the business has been able to pass on costs. He also highlighted the federal government vertical as the strongest growth segment in the quarter (up 6-7%) and expects it to remain a source of growth, citing a recent large deal with NASA.