The American company HP spent more than two tens of millions of dollars to finally
What is known
We recently wrote that NVIDIA is leavingRussia cost $16 million. HP spent $23 million on this. This became known after the manufacturer of computers, printers and other equipment published a report for the 2022 financial year, which ended on October 31.
Costs of termination of work in Russia includethe payment of severance pay to former employees and the write-off of equipment. Also, HPS was forced to cover the damage that was caused to partners after the termination of contracts.
The total revenue of HP in the reporting period reached$63 billion, down 0.8% year-on-year. But net profit collapsed by half compared to 2021 financial year and amounted to only $3.2 billion against $6.5 billion.
Image: Barron's