me. our culture upon for attractive focused leadership the and an value excited market-leading work weeks, businesses, incredibly and here portfolio, an ahead. and thrilled Building to to I'm you, for you, I've I'm company, HP ahead. months delivering the to keenly been around is Though analysts our to I'm team by HP, Thank welcome. all in meet iconic Enrique stronger few a with our eager warm even I'm innovation Enrique, our future growth join and create the and investors on impressed just shareholders.
growth return Starting progress with first made are Enrique level, the as in half. Now we And quarters. the high the on are quarter. our on to in the said, first building we pleased X time revenue for to
the Systems, Personal and for growth grew drove free quarter And which revenue row sequential Systems drove in double-digit the in second flow strong in growth. our a key Solid our Personal QX performance areas growth in cash quarter. in
through We XXX% fiscal returning also shareholders free and repurchases remain of our million to dividends this on flow cash returned our and year. nearly $XXX focused approximately
quarter. was pricing and beginning the And Print company, on that the dynamic market put environment of some Looking the expected print a at pressure we than the both softer our saw PS margins. across
long-term our did for sustainable to invest on growth. focus As continuing
to we and our future-ready as and deliver expected. sooner result, a savings As than plan Enrique intend are mentioned, accelerating
goal approximately year. we the fiscal the reminder, to XX% or of a fiscal our $X.X plan cost year of by with $X.X deliver end 'XX, the As savings by billion incorporated gross annualized billion our structural time exit achieved
exiting planned Given market or be our as just mitigate near-term approximately investments have savings $X.X to the accelerated our year efforts billion target importantly, to now and maintain growth, fiscal the challenges of longer-term we focus our target. XX% expect drive cumulative and to
details all quarter. X% up and of at EMEA a growing regions closer and currency. constant the the year-over-year. Now X%. quarter revenue the XX.X% increased Net with take up at in constant nominally currency, was revenue up APJ slightly In was margin each look X% Americas, in Gross let's in
offset and given face of costs PS efforts cost-saving both competitive a strong in rising commodity the mix shift performance. Our pricing the
billion, in, All Non-GAAP operating cost was course, savings. our reductions, to $X.X people. And non-GAAP debt investment in completed op down the from last profit lower and and expenses year-over-year. were from year. we was initiatives interest X% financing operating drive activity net line, year-over-year, key profit OI&E non-GAAP continued short-term continue up the down year-over-year future-ready including of from the benefiting Below we less expense cost tender
our share was with per diluted X per Finally, share diluted $X.XX, of and earnings of a a roughly earnings $X.XX. $X.XX, net billion non-GAAP GAAP diluted share count decrease net was shares, year-over-year
to costs. Systems Now let's constant higher in and pricing where Personal worked to and performance. volumes segment nominally currency, was revenue ASPs, mitigate to commercial commodity both possible turn increased as with we increased up adjust X%,
in fiber were sequentially, up with note, growth commercial. up overall and units systems seasonal video double And strength revenue XX% strength was in collaboration. including and gains. XX% were units share up in grew year-over-year digits Of year-over-year, strong Total with the X% revenue
with the growth. into unit ASPs. down was was strategy, more mix X% with Improved pricing consistent revenue commercial X% drove down and overall units higher with X% along a details, favorable commercial revenue in X% shift up premium, to Drilling consumer, Consumer on and our
In greater Commercial than revenue. of to XX% we Personal continue see fact, Systems representing
we market and driving QX calendar share both high-value year-over-year, commercial course, sequentially, driving while flat our share and profitable revenue in of improvements And categories. gained markets. consumer focused share And on we remain in was growth
ready offset in was commodity and X.X% continued We year-over-year. by our had future strategic Systems of savings. part down margin investment, purposely higher Personal operating slightly costs
market market incrementally an and down below environment Print, came graphics and X% currency. constant print X% print China. sequentially. slower reflected In And was both supplies Japanese in increased hardware and our revenue and declined pace pricing in continued to our benefit the fourth X% Total momentum of as particularly the quarter growth. continued competitors year-over-year, total the from recovery Overall, expectations, driving a reported And weaker share basis straight results the aggressive year-over-year industrial yen. market in with units while of revenue year-over-year on in services
X% mix decreased nominally competitive returned impact driven notably flat on the and Consumer And mentioned, declines, currency, X% favorable note, pricing. in revenue units growth line was consumer. units to hardware revenue and units strength By market with X%. felt customer segment, with Of commercial increasing revenue we sequentially, down supplies offsetting constant And X% outlook. with most in as our grew X% by pricing. in down X% of
Print increased continue our year-over-year, offset was operating actions. from future-ready greater down future-ready margin transformation to drive of our by headwinds plan, savings and and across efficiency with On XX.X% fully company. not we investments, pricing effectiveness the from
on and in faster capabilities hp.com. quotes For processes enabling to is move commercial we're Workforce customers AI to buy times example, customers Solutions. And our using end-to-end organization, allowing customer in contractual renew easily generative our much more to reduce call for and more deal
further program, particularly Print, across core, chain the optimization where driving platforms. to including this business more are we and in in There as is we consolidation, accelerate reductions supply and reductions complete come
let Now in generated flow billion and capital move than and in $X.X to more $X.X from flow. cash me cash operations We free allocation. cash billion
continue this we offset Systems, Personal focused quarter, increase rising in inventory on an part improve cash volumes in down cycle buys conversion with near-term higher We reducing strategic seasonally days of the in costs. as commodity driving impact to by our
we Lastly, leverage the and quarter dividends, to shareholders million through and both $XXX target share close our finished range. within to repurchase returned
flow opportunities of over our long below cash Xx, expect Just as our arise ratio gross to approximately shareholders return and unless a XXX% leverage to higher free time. we reminder, as remained our ROI as
environment. based the fourth to scenarios our continue mid-single quarter increase sequentially have, a forward modeled fiscal to we multiple expect Personal revenue low Systems, assumptions. dynamic will QX to year-end, and And to several navigate therefore, Looking on digits. In we
lingering consumer less We expecting strength expecting are in market, the we we But than given historically. are have growth continued in softness commercial. seasonal the seen
as half to margin invest offset remain operating costs to in through in to Systems commodity disciplined increased Personal the management, to we our X% continuing anticipate cost X% target We QX strategic of upper long-term while of in range and priorities. pricing were
In trends with the pace pressure. Print, see than competitive is market, of improving we pricing continued but we slower recovery in expected the
by increase revenue typical as we expect industrial strength QX, digits momentum low coming to drupa. For mid-single seasonal Print of well to in strong our driven as business sequentially, out
strength we to to XX% 'XX FY low the decline digits, range, anticipate margins seasonal top cost QX savings. near XX% and in revenue future-ready Print supplies single our and to acceleration expect We be of of given
Taking for considerations all we of account, outlook. fiscal these narrowing into updated our are reflected range outlook we and XXXX, QX are guide non-GAAP to is and moderating year in EPS our which our $X.XX,
expect to fourth range per $X.XX be quarter earnings $X.XX fourth diluted the We earnings GAAP range in the net And in of share diluted non-GAAP per to share to be $X.XX. $X.XX. net quarter to of
earnings to FY diluted be share net per we For $X.XX, now range GAAP per the range to be share in $X.XX. $X.XX the of of earnings and to year, diluted full in $X.XX expect 'XX non-GAAP net the to
free continue FY $X.X range 'XX. cash the billion to to billion flow to be expect for Lastly, of in we $X.X
outflows. million restructuring a outlook cash As free our includes reminder, $XXX flow of approximately cash
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