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Will Revenue from HP’s Personal Systems Segment Keep Growing?

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HP gained share in the PC market

In calendar 2017, HP (HPQ) continued to gain market share in the worldwide PC (personal computer) space. At the end of calendar 3Q17, research firm Gartner estimated HP’s unit shipment growth at 4.4% YoY (year-over-year) to 14.6 million units with a market share of 21.8%. Comparatively, worldwide shipments fell 3.6% YoY to 67 million units in calendar 3Q17. The other major players in the PC market include Lenovo (LNVGY), Dell, Asus, Apple (AAPL), and Acer with shares of 21.4%, 15.2%, 7.3%, 6.9%, and 6.5%, respectively, at the end of 3Q17.

In fiscal 4Q17, HP’s Personal Systems revenue rose 13% YoY. For fiscal 2017, the company’s revenue rose 11% YoY. This revenue growth is particularly impressive, considering the worldwide decline in PC shipments over the last 18 months.

During HP’s fiscal 4Q17 earnings call, CEO Dion Weisler stated, “In Q4, Personal Systems had another stellar quarter, driving growth, gaining profitable share and delivering impressive innovations. This team is hitting their stride with truly outstanding performance.”

Consistent growth across product categories

HP’s double-digit revenue growth was driven by demand across consumer and commercial products led by notebooks, desktops, and workstations. HP continues to focus on product innovation and announced its biggest premium launch in this space with the OMEN X laptop.

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