H-P's (HPQ) printing and services margins, up in FQ4, will fall again in FQ1, the company...

|About: HP Inc. (HPQ)|By:, SA News Editor

H-P's (HPQ) printing and services margins, up in FQ4, will fall again in FQ1, the company disclosed on its earnings call. Printing margins are pressured by ink inventory issues, and services margins by a "run-off" in sales as the business restructures. Enterprise hardware margins are hurt by European price pressure, declining Itanium sales (in spite of the Oracle ruling), and a mix shift towards the cheap "hyperscale" servers preferred by Web companies. The PC unit faces all the demand and pricing issues you'd expect, and printer units fell 20% Y/Y. (live blog, slides) (FQ4: I, II, III)