15 Dec 2024

Mutoh launches social networking webpages

Mutoh becomes social with the launch of its Facebook, Twitter and LinkedIn webpages. Beginning February 14th, Mutoh will actively use the social networking sites to connect with friends and fans.

Mutoh will use its Facebook, Twitter and LinkedIn webpages as a means to announce networking events, classes, new product information, and media spotlights. Weekly announcements will keep the pages updated with the most current Mutoh events.

“Social media is becoming more and more important with how businesses operate and market their companies,” shares Brian Phipps, General Manager of Mutoh America. “We are enthusiastic to announce the launch of our presence on social networking websites, and are looking forward to see the growth that these webpages bring to Mutoh. It is a great opportunity for us to share exciting company news and updates, and a wonderful chance to connect to our customers.”

To follow and connect with Mutoh on Facebook, Twitter or LinkedIn, visit the following links:
http://www.facebook.com/MutohAmerica
http://twitter.com/MutohAmerica
http://www.linkedin.com/company/104283

 

HP reports Q1 revenue up 4% year-on-year

HP today announced financial results for its first fiscal quarter ended January 31, 2011. Net revenue of $32.3 billion was up 4% from the prior-year period both as reported and in constant currency.

GAAP diluted earnings per share (EPS) was $1.17, up 26% from $0.93 in the prior-year period. Non-GAAP diluted EPS was $1.36, up 27% from $1.07 in the prior-year period. Non-GAAP financial information excludes after-tax costs of approximately $0.19 per share and $0.14 per share in the first quarter of fiscal 2011 and 2010, respectively, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges. Information about HP's use of non-GAAP financial information is provided under "Use of non-GAAP financial information" below.

"I'm pleased with our EPS and margin expansion during the quarter. Going forward, we have the opportunity to further capitalize on our customers' demands for higher value-added solutions," said Léo Apotheker, HP president and chief executive officer. "HP has a powerful portfolio, including exciting, recently announced cloud and connectivity offerings. We are focused on leveraging these strengths to extend our leadership and accelerate growth."

"HP's financial strength and discipline helped generate $3.1 billion in cash flow from operations, up 28% year over year," said Cathie Lesjak, HP executive vice president and chief financial officer.

Trends and regional performance

HP saw balanced growth in the first quarter across all regions in local currency, with accelerated growth in BRIC countries (Brazil, Russia, India and China). Results were largely driven by momentum in the commercial sector as businesses continued to spend on technology. HP experienced uneven consumer performance across its geographies and product categories during the quarter.

First quarter revenue was up 6% in the Americas to $14.4 billion. Revenue was flat in Europe, the Middle East and Africa and up 7% in Asia Pacific to $12.1 billion and $5.8 billion, respectively. When adjusted for the effects of currency, revenue was up 5% in the Americas, up 4% in Europe, the Middle East and Africa and up 2% in Asia Pacific. Revenue from outside of the United States in the first quarter accounted for 65% of total HP revenue, with revenue in the BRIC countries increasing 11% while accounting for 11% of total HP revenue.

Business group highlights

  • Personal Systems Group (PSG) revenue declined 1% year over year with a 6.4% operating margin. PSG delivered record operating profit in the quarter and remains the PC market leader in terms of units, revenue and profit share. The commercial refresh cycle continues, and HP saw 11% year-over-year revenue growth in Commercial Clients while revenue in Consumer Clients declined 12% in the quarter.
  • Imaging and Printing Group (IPG) revenue grew 7% year over year with a 17.0% operating margin. IPG delivered strong performance across the business with share gains in all printing categories and 33% year-over-year growth in commercial printer hardware units. IPG continued to drive innovation and momentum with the new ePrint platform, graphic arts and other commercial print solutions.
  • Services revenue declined 2% year over year with a 16.0% operating margin. Services operating margin expanded 30 basis points year over year due primarily to service delivery transformation efforts. Enterprise Services had solid long-term signings in the first quarter, the impact of which was partially offset by softer signings in shorter term, higher value-added services and add-on IT outsourcing projects.
  • Enterprise Servers, Storage and Networking (ESSN)revenue grew 22% year over year with a 14.7% operating margin. ESSN delivered a solid quarter, demonstrating increased value to customers as they transition to hybrid cloud environments through a converged infrastructure, including innovations in servers, storage and networking.
  • HP Software revenue grew 5% year over year with a 17.6% operating margin. HP Software expanded its security footprint with the integration of Fortify and ArcSight during the quarter.
  • Financial Services revenue grew 15% year over year with a 9.6% operating margin. Financial Services growth was driven by both double-digit growth in lease volume and a healthy improvement in portfolio assets.

Asset management

HP generated $3.1 billion in cash flow from operations in the first quarter. Inventory ended the quarter at $6.7 billion, with days of inventory flat year over year at 25 days. Accounts receivable of $16.6 billion was up 4 days year over year. Accounts payable ended the quarter at $13.5 billion, down 1 day from the prior-year period. HP's dividend payment of $0.08 per share in the first quarter resulted in cash usage of $175 million. HP also utilized $2.3 billion of cash during the quarter to repurchase approximately 54 million shares of common stock in the open market. HP exited the quarter with $10.0 billion in gross cash.

Outlook

For the second quarter of fiscal 2011, HP estimates revenue of approximately $31.4 billion to $31.6 billion, GAAP diluted EPS in the range of $0.99 to $1.01, and non-GAAP diluted EPS in the range of $1.19 to $1.21.

Second quarter fiscal 2011 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.20 per share, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges.

HP expects full year fiscal 2011 revenue in the range $130 billion to $131.5 billion, GAAP diluted EPS in the range of $4.46 to $4.54, and non-GAAP diluted EPS in the range of $5.20 to $5.28.

Full year fiscal 2011 non-GAAP diluted EPS estimates exclude after-tax costs of approximately $0.74 per share, related primarily to the amortization of purchased intangibles, restructuring charges and acquisition-related charges.

As part of its annual financial review process, HP implemented several organizational realignments effective Q1 FY11. To provide improved visibility and comparability, HP has reflected these realignments in prior financial reporting periods on an as-if basis. These realignments resulted in, among other things, the transfer of revenue within and among various financial reporting segments and business units. The changes do not impact HP's previously reported consolidated net revenue, earnings from operations, net earnings, or earnings per share at the company level. To reflect these changes, HP released modified quarterly and annual consolidated condensed statements of earnings, segment financial results and statements of business unit revenue for fiscal 2009 and 2010, which are available on HP's Investor Relations website at www.hp.com/investor/home.

FESPA’S Marcus Timson tackles marathon

FESPA’s Sales and Marketing Director, Marcus Timson, has pledged to run the Virgin London Marathon, on the 17th April 2011, in aid of The Children’s Trust.  Now in the midst of intensive training, Marcus hopes to raise £2000 for the charity, which provides the best possible care, therapy and education for children with multiple disabilities, brain injury and complex health needs.

Commenting on his choice of charity, Marcus says, “In 2009, The Children’s Trust opened a high-tech rehabilitation centre for children with brain injuries, but they need people to give generously if they are going to maintain and update these facilities, or invest in additional resources. I am proud to be running the Marathon for an organisation which offers such incredible help to injured children around the UK. The Children’s Trust also provides value for children around the world as the work they undertake is then adopted by centres in other countries.

“FESPA is providing additional help to The Children’s Trust by investing in visual aids which are given to the centre for help in engaging the children, and I’m sure others in our community will be interested in similarly donating innovative prints of their own!”

Marcus, who last year completed the annual Howard’s Way Walk - a 100 mile charity trek established to fund research into the treatment of pancreatic cancer- has been training an average of six days a week and hopes to complete the race in a speedy four hours.

“The London Marathon is the ultimate challenge for so many people, but it’s one that I fully intend to conquer. Training through the cold, dark, English evenings isn’t my usual idea of ‘fun’, especially when you consider how much travelling I do! However, knowing the money I raise is going to such a deserving cause will spur me on,” Marcus concludes.

From 1927 until 1983, Tadworth Court was the country branch of Great Ormond Street Hospital but in 1984 control was transferred to The Children’s Trust charity. Having launched the UK's first ever paediatric brain injury rehabilitation service one year later, the charity offers both residential and community-based rehabilitation services to the children it treats.

For more information on The Children’s Trust visit http://www.thechildrenstrust.org.uk. To donate to the charity and support Marcus’ marathon challenge visit http://www.justgiving.com/MarcusTimson.

Industry Heavyweights reaffirm golden commitment to PrintIT! as students embark on sixth project year

PrintIT!, the industry-backed initiative led by Proskills, has again confirmed substantial sponsorship commitment from an impressive number of industry heavyweights for its sixth year in succession. More than 35 print, paper and related organisations, as well as a range of trade associations and media partners have pledged their ongoing support to the project, which introduces GCSE students to many different aspects of print, and encourages them to consider a future career in the industry.

The PrintIT! project targets year 9 and 10 students studying for GSCEs in Product Design and Graphic Products and comprises a curriculum-mapped course including pre-printed teachers course notes and student work books, together with interactive teaching tools to deliver an insight into the many aspects of print and production. The initiative also includes an element of competition, where students are encouraged to create a print-based promotional campaign to promote Fairtrade goods in supermarkets. Following the introduction of new features during the 2010/11 academic year, including a new paper module in conjunction with the ‘Two Sides’ campaign, and a new interactive website (www.printit.org.uk), the initiative is on course to attract an unprecedented number of diverse and creative submissions.

Proskills has also expanded PrintIT!’s signature ‘Twinning’ programme, the element of the campaign that brings the course to life for the students. Schools have the opportunity to ‘Twin’ with either a printer or paper manufacturer in their local area to receive as much practical support as possible and learn about the print process first hand. To date, some 1,350 schools and close to 120,000 students have engaged in PrintIT! since it was created six years ago.

“We’re delighted with the ongoing support that the sixth PrintIT! initiative has received, which includes our Seven gold sponsors (Canon UK; Duplo UK; FujiFilm; HP; Pantone; Ricoh; Xaar). This clearly demonstrates the importance that these companies place on the scheme as a major educational driving force for the future of the industry. PrintIT! is a real testament to what can be successfully achieved when organisations come together to address an industry-wide challenge, and we are very proud that PrintIT! continues to go from strength to strength,” comments Tom Bowtell, General Manager, Proskills.

Wayne Barlow, Professional Print Channel Director, Canon UK and Chairman of PrintIT! adds, “We recognise the importance that PrintIT! plays in promoting young talent to an industry that continues to be a key contributor to the UK economy. Our industry has changed beyond all recognition in the past 20 years from a craft based industry to one dominated by the need for advanced IT skills. The new breed of printer needs to be computer literate, well educated and up with the latest trends. We therefore need to portray that image to schools in order to ignite students’ interest in pursuing print as an exciting and fulfilling career.”

He continues, “PrintIT! plays a vital part in bridging the gap between schools and print businesses. Apart from building some core materials into the school curriculum, it allows printing companies and schools to foster long term links. I am pleased as chairman of PrintIT! to announce that Canon is a Gold Sponsor for another year and will continue to back the work done to encourage the next generation to enter this fascinating and fast moving industry.”

Sharing this sentiment, Peter Jolly, Marketing Manager at Duplo UK adds, “PrintIT! continues to be an extremely important scheme for the UK print industry. Print can be creative, emotional, educational and inspirational, and it is a wonderful industry with some excellent entrepreneurial opportunities; PrintIT! communicates all of these messages to the younger generation. It will be the today’s young people that drive the print industry forward and PrintIT! beats the drum for print in the UK, that is why Duplo has backed the scheme from day one.”

Fujifilm is also thrilled to support PrintIT! for the sixth year running as a Gold Sponsor. Adding his support, Graham Leeson, Marketing Communications Manager, Graphic Systems Division, Fujifilm Europe says, “Aiding such a fantastic initiative that gives talented young people a real insight into the printing sector is very important to us. As the future lifeblood of our industry, it is vital that we equip young people with the knowledge of what an exciting and high-tech market the printing world is, and Fujifilm is proud to be a part of it.”

Long standing gold Sponsor HP is also proud to be a long term sponsor of PrintIT! and Proskills. “Over the last few years, the Graphic Arts Industry has been subject to much change, setting new challenges but also offering many new opportunities. As ever, attracting high calibre talent for the future has never been more important, and in that, PrintIT performs a very valuable service”, says Julia Cole, UK&I Marketing Manager, HP Indigo Digital Press and IHPS. “By evangelising and raising awareness for the role of print within today’s exciting marketing mix, PrintIT is able to support learners, schools and businesses, and encourage the talent of tomorrow to choose a career in print and paper.”

Paul Graham, Sales Director, Pantone EMEA is also delighted to join the line up of gold sponsors, “Pantone is honoured to be a sponsor of this PrintIT! competition and is delighted to provide the next generation of designers with the means to explore their creative talents, to find their own unique paths in the field of professional printing and related industries, and to set the new standards for the future of the visual arts communication.”

According to a survey of PrintIT! participants last year, 90% of teachers intended to participate in PrintIT! again, with 87% of teachers believing the course provided their pupils with a good insight into the future career options available in print. More encouragingly, 27% of students had enjoyed the course so much that they were now considering a career within print.

“It’s really exciting to be involved in a scheme such as PrintIT! which not only educates, but inspires future talents of the print industry,” comments Chas Moloney, Marketing Director of Ricoh UK. “The programme is an invaluable and effective means of engaging with students and demonstrating the wealth of print career choices open to them. Ricoh has been involved in the PrintIT! initiative for some time now and continues to do so because we feel it’s important to support the industry and raise awareness among the youth of today.”

Mark Alexander, Marketing Director, Xaar plc is also supportive of the industry-wide objectives of PrintIT! He says, “As the world’s leading independent supplier of industrial inkjet printheads, Xaar is keen to support programmes to educate young people about the potential of digital inkjet and to inspire the inkjet innovators of the future. PrintIT! is an excellent education initiative and we are very proud to be Gold Sponsors for the third year running.”

This years’ judging of the submitted coursework entries will take place in March by a panel of industry experts. The results and category prize winners for 2010/11 will be announced during a major awards ceremony attended by finalist students, teachers and parents, to be held on 12th May at Northprint 2011 in the Royal Hall at the Harrogate International Centre.

“Following the success of the Awards Ceremony last year, which was held during Ipex 2010, we are delighted to have been given the opportunity by IIR Exhibitions to host this years’ ceremony at Northprint 2011,” concludes Tom Bowtell.

“By giving the finalist students and their teachers the opportunity to ‘walk the halls’ and see the latest technologies first hand is invaluable in delivering the whole industry experience. Once again, I would like to thank and recognise the work of all our sponsors for their ongoing commitment, which has enabled us to further establish PrintIT! as a successful, growing initiative, and a forerunner in a new era of vocational learning.”

BPIF responds to Government’s Advanced Manufacturing Growth Review Framework

The printing industry possesses all the characteristics of an advanced manufacturing sector says the BPIF in its response to the Government’s Growth Review Framework for Advanced Manufacturing.

The Framework, which was published on 10 December, sets out what Government considers to be the key characteristics of an advanced manufacturing industry.  Commenting on the first of those listed - intensive use of capital and knowledge - the BPIF points out that printing adds relatively more value than any manufacturing industry apart from pharmaceuticals. It adds that the use of leading edge technologies and skills, combined with the widespread adoption of lean processes, enables the industry to generate a gross value added of £6.4 billion annually, from a turnover of just £14.3 billion. Other characteristics listed are long-term investment decisions, high levels of technology and R&D, a flexible workforce with strong specialist skills, and companies competing in international and domestic markets. Here the BPIF emphasises that printing companies are continually investing to improve the productivity and sustainability of production.   It adds that printing companies excel at developing and bringing to market innovative products and print solutions that will enable customers to access new markets, and that they are re-engineering their businesses as multi-channel marketing solutions providers.

The BPIF reminds Government that UK printing companies serve international publishers, worldwide banking and insurance firms, multiple retailers and global pharmaceutical companies, all of whom are able to source print in multiple countries.

The BPIF makes a number of other key points in its response:

  • Government should open a dialogue with trade associations and consult with them on a routine basis, and at the earliest opportunity, whenever changes are planned. The BPIF adds that it can actively assist with projects, information and communications.
  • Relative levels of taxation place UK manufacturers at a real competitive disadvantage. 
  • Innovation, knowledge transfer and the take up of new technologies play a crucial role in the success of the UK printing industry – the fifthh largest in the World. 
  • Government should take steps to regulate the price of energy and improve the security of energy supply though investment in new generating capacity as well as encouraging reduced energy consumption. Planning approvals for the development of new power generation and storage facilities should be dealt with expeditiously.
  • Government should maintain a framework of Climate Change Agreements; through which companies are incentivised improve energy efficiency by means of climate change levy rebates. 
  • Government needs to ensure that funding support is available to enable employers to address the skills issues arising from adaptation to structural change and to increase intake of apprentices. Funding mechanisms should be simplified and bureaucracy reduced. Government must also invest in improving the image of manufacturing.
  • Vision in Print has delivered high quality print specific support to implement Lean best practice. The BPIF welcomes the Government’s continuing support of the Manufacturing Advisory Service  - to the tune of £50 million over three years - but believes closer ties to sectors will benefit the programme with sector specific consultancy support and the strong channel to market this offers. 
  • Access to finance continues to be a major barrier to investment.  Investment intentions are looking more upbeat for the UK printing industry but continue to be frustrated by a continuing lack of external funding. 
  • Complying with regulatory requirements is both time-consuming and costly and is a major obstacle to the growth of UK companies. The focus should now be on stability and reducing the flow of new regulation. Reform of legislation relating to pre-pack administrations should be a priority. 
  • All major manufacturing sectors should have a specified and named desk officer within BIS, who would act as conduit between the sector and government departments, and who would be able to understand and articulate the concerns and issues facing the sector to other government colleagues.  
  • A Sectorial Growth Fund should be established and administered by the Department of Business, Innovation and Skills (BIS), in parallel with the new Regional Growth Fund.

The BPIF’s response follows the Advanced Manufacturing Summit held by the Government on 25 January, which was attended by Nick Clegg, Vince Cable and Mark Prisk as well as key manufacturing leaders including BPIF President Rupert Middleton. Contributions from this event and from responses to the Framework will feed into the Advanced Manufacturing strand of the Government’s Growth Review, which will announce policy proposals by the 2001 Budget.

BPIF Corporate Affairs Director Andrew Brown expressed his disappointment that printing did not feature among the examples of successful advanced manufacturing activities listed in the Growth Review Framework.  He says, “Print has a higher GVA to turnover ratio than practically all other manufacturing industries and can cite many examples of advanced manufacturing. For instance printed electronics is already worth £1bn in the UK and is growing fast.  We can’t afford to be complacent about our industry’s profile with Government, and we have to keep reminding them of the economic importance of our sector to UK plc. Our response therefore urges the Government to take a broad view on its definition of what constitutes advanced manufacturing, as opposed to trying to pick ‘winners’ and restricting itself to a few large company industries described recently by leading figures as 'predictable sectors'.”

 

Durst opens subsidiary in Brazil

Durst Phototechnik Digital Technology GmbH has announced the creation of a new daughter company in Brazil, Durst do Brazil Techologia Em Impressão Digital Ltda., based in Sao Paolo.

Durst believes that the current growth in large format imaging in Brazil offers great business potential and its direct presence will have a very positive impact on the Brazilian market.

The launch of Durst do Brazil, with its own structure, spare parts and consumables, will help to lower import costs, provide higher service to customers and further increase sales in this already exciting market.

Flavio Hirata, appointed as the CEO of Durst do Brazil, said: "I am proud to be part of a company that is a market leader in image technology worldwide and has an unrivalled reputation for innovation, quality and service. This is a very exciting time for me and my team and I look forward to further helping to enhance Durst's presence in Brazil."