HP reports printing revenues down 20% with consumer hardware sales up 3%, but supplies revenues down 19% and reports strong momentum in consumer, including Instant Ink, benefitting from working from home.

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HP reports printing revenues down 20% with consumer hardware sales up 3%, but supplies revenues down 19% and reports strong momentum in consumer, including Instant Ink, benefitting from working from home.
The company celebrates their 202020 birthday this year with a tough Q1 but a positive Q2.
The Australian office supplier reports year end earnings up 13.8% at AU$197 million ($141.4 million/ €119.2 million), but 2021 outlook is uncertain, and staff go on strike.
Konica Minolta Business Solutions U.S.A., Inc., together with its IT Services division, All Covered, announced the acquisition of Depth Security, a cybersecurity consulting company that enhances the already existing security portfolio from All Covered.
COVID-19 impacts on sales, but the company expects their electrics division to grow against a decline in print as the company continues its business transformation.
The company has released its first quarter results, the period which ended 30 June 2020.