HP 2015 Annual Report Download - page 60

Table of Contents
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
The components of the weighted net revenue change by segment were as follows:

For fiscal 2015, total net revenue decreased 7.3 percentage points. From a segment perspective, the primary factors contributing to the change in net
revenue are summarized as follows:
•Personal Systems net revenue decreased due primarily to unfavorable currency impacts, particularly in EMEA, and weakening market demand;
•ES net revenue decreased due primarily to unfavorable currency impacts, revenue runoff in key accounts and weak growth in new and existing
accounts;
•Printing net revenue decreased due primarily to unfavorable currency impacts, weak market demand and competitive pricing pressures;
•HPFS net revenue decreased due primarily to unfavorable currency impacts led by weakness in the euro and lower asset management activity
primarily in customer buyouts;
•Corporate Investments net revenue decreased due to the sale of IP in the prior-year period;
•Software net revenue decreased due primarily to unfavorable currency impacts and declines in license revenue; and
•EG net revenue increased due to growth in Industry Standard Servers ("ISS") and net revenue resulting from our acquisition of Aruba Networks,
Inc. ("Aruba") in May 2015.

For fiscal 2014, total net revenue decreased 0.8 percentage points. From a segment perspective, the primary factors contributing to the change in net
revenue are summarized as follows:
•ES net revenue declined due primarily to revenue runoff in key accounts, weak growth in new and existing accounts, particularly in EMEA,
and contractual price declines;
•Printing net revenue decreased due primarily to a decline in Supplies;
•EG net revenue decreased due to net revenue declines in TS, BCS and Storage;
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
 
    
   
Personal Systems (2.6) 1.8
Enterprise Services (2.3) (1.5)
Printing (1.8) (0.8)
HP Financial Services (0.3) (0.1)
Corporate Investments/Other (0.3) 0.1
Software (0.2) (0.1)
Enterprise Group 0.2 (0.2)
Total HP (7.3) (0.8)
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
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