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HP Inc. (NYSE: HPQ) is a global leader in technology innovation, creating products and solutions designed to improve life for everyone, everywhere. Founded in 1939 and known initially as Hewlett-Packard, HP is a dominant force in the PC and printing markets. Since its split from Hewlett Packard Enterprise in 2015, HP has focused on providing advanced computing and printing products, particularly for commercial markets, while also offering consumer devices and printers.
HP's extensive product portfolio includes personal computers, printers, and 3D printing solutions, catering to a diverse and global customer base. The company operates in more than 170 countries, with only one-third of its sales coming from the US. HP's operations are heavily reliant on channel partners for sales and marketing, and its manufacturing processes are entirely outsourced.
HP is committed to sustainability and innovation, continuously reinventing its product offerings to meet the evolving needs of customers. The company's latest achievements include the introduction of the industry's first role-based AI partner training and certification program through the Amplify Partner Program. This initiative aims to equip channel partners with the knowledge and tools needed to leverage HP's broad portfolio of over 100 AI-enabled solutions.
HP's financial performance remains robust, with a strong focus on profitability and growth. In its fiscal 2024 second quarter, the company reported net revenue of $12.8 billion. HP continues to invest in AI and hybrid work solutions, unveiling the industry's largest portfolio of AI PCs and launching innovative products such as the HP OmniBook X AI PC and HP EliteBook Ultra AI PC, designed to enhance productivity and creativity in hybrid work environments.
HP's strategic partnerships and collaborations, such as the recent establishment of the HKPC-HP 3D Printing Technology Centre in Hong Kong, highlight its commitment to driving technological advancement and fostering sustainable development. This initiative is expected to accelerate the adoption of 3D printing technologies, benefiting various industries and supporting Hong Kong's industrial transformation.
Moreover, HP's dedication to security is evident in its HP Wolf Pro Security suite, which was recently recognized as a top product for corporate endpoint protection by AV-TEST. This suite offers advanced threat protection capabilities, making it an efficient and cost-effective option for small and mid-sized businesses.
HP's focus on innovation, sustainability, and partner growth positions it as a leader in the technology industry, continuously pushing the boundaries to create technology that makes life better for people all around the world.
HP Inc. (NYSE: HPQ) has announced the appointment of Gianluca Pettiti to its Board of Directors, effective immediately. Pettiti currently serves as Executive Vice President and President of Life Sciences, Diagnostics and Applied at Thermo Fisher Scientific Inc.
Board Chair Chip Bergh highlighted Pettiti's global expertise and track record in fostering innovation at the intersection of technology and life sciences. CEO Enrique Lores emphasized Pettiti's international career experience and expertise in AI implementation will contribute to HP's artificial intelligence initiatives and customer experience enhancement.
Pettiti holds a Master of Science in Engineering from Politecnico di Torino and serves as a board member at the Italian Institute of Technology, a leading research institute in robotics and AI. He has authored several articles on AI and digital transformation in healthcare.
HP Inc. (NYSE: HPQ) has announced a definitive agreement to acquire key AI capabilities from Humane for $116 million. The acquisition includes Humane's AI-powered platform Cosmos, technical talent, and intellectual property comprising over 300 patents and patent applications.
The acquired team will form HP IQ, the company's new AI innovation lab, focusing on building an intelligent ecosystem across HP's products and services. The lab will be part of HP's Technology and Innovation Organization, working to develop AI-enhanced devices that can process AI requests both locally and in the cloud.
The transaction is expected to close by the end of February 2025, marking a significant step in HP's transformation into an experience-led company, particularly in areas such as AI PCs, smart printers, and connected conference rooms.
HP Inc. (HPQ) and the Real Madrid Foundation announced a strategic collaboration to promote digital skills and sports initiatives for disconnected communities. The multi-year partnership, part of HP's global technology sponsorship with Real Madrid C.F. announced in February 2024, will initially focus on projects in Spain and Indonesia.
In Spain, HP will support a Red Cross program in Madrid for homeless people, providing hardware, digital literacy, and skills curriculum through HP LIFE, their free business skills platform. In Indonesia, the Harapan Project will receive HP's PCs and educational solutions to benefit learners aged 9-17 across nine villages in the Hu'u district, Sumbawa.
The collaboration aims to combine technology, sports values, and education to generate positive change, focusing on essential values like effort, overcoming challenges, and teamwork while preparing individuals for the future of work.
HP Inc. (NYSE: HPQ) has announced the appointment of Songyee Yoon to its Board of Directors, effective immediately. Yoon is the Founder and Managing Partner of Principal Venture Partners and former President of NCSoft She brings significant expertise in international business, AI, and technology.
Yoon holds a bachelor's degree in electrical engineering from Korea Advanced Institute of Science and Technology, a Juris Doctor from Santa Clara University, and a PhD in Computational Neuroscience from MIT. She serves on MIT's Board of Trustees and was previously a member of South Korea's Presidential Advisory Council for Science and Technology.
As former President and Chief Strategy Officer of NCSoft, she led global expansion and AI integration across multiple countries. Her venture fund, Principal Venture Partners, focuses on AI-native company investments.
HP Inc. (NYSE: HPQ) has announced key dates for its 2025 annual meeting of stockholders. The company's board of directors has set the record date for February 20, 2025, meaning stockholders registered by the close of business on this date will be eligible to receive meeting notices and vote on matters presented at the meeting. The annual meeting is scheduled for April 14, 2025. HP will provide comprehensive information about the meeting agenda and matters for consideration to all stockholders of record.
HP Inc. (NYSE: HPQ) has announced it will hold a live audio webcast to discuss its financial results for the first fiscal quarter ended January 31, 2025. The conference call is scheduled for February 27, 2025 at 5:30 p.m. ET / 2:30 p.m. PT. Investors can access the webcast at www.hp.com/investor/2025Q1Webcast. A replay of the webcast will be available at the same website shortly after the call and will remain accessible for approximately one year.
HP Inc. (NYSE: HPQ) has announced it will host a live audio webcast to discuss its first quarter fiscal 2025 financial results on February 27, 2025, at 5:00 p.m. ET / 2:00 p.m. PT. The earnings report will cover the quarter ended January 31, 2025.
The webcast will be accessible at www.hp.com/investor/2025Q1Webcast, with a replay available shortly after the call for approximately one year. HP operates in over 170 countries, providing innovative solutions in personal computing, printing, 3D printing, hybrid work, and gaming sectors.
Structure has signed a 3D software licensing agreement with HP Inc. Under the agreement, HP will offer Structure's AI-powered Software Development Kit (SDK) to provide 3D scanning application development services for its 3D printing clients. This initiative aims to deliver end-to-end 3D scanning and printing services, accelerating adoption across various applications.
The Structure SDK has already enabled the development of over 300 applications. Structure, which spun off from Occipital in 2022, provides 3D scanning technology through its Structure 3 scanner and Structure Capture iOS mobile application, enabling accurate 3D scanning through iPads and iPhones.
HP (NYSE: HPQ) has announced a cash dividend of $0.2894 per share on its common stock. This marks the second dividend distribution in HP's fiscal year 2025. The dividend will be payable on April 2, 2025, to stockholders recorded as of the market close on March 12, 2025. The company currently has approximately 0.9 billion shares of common stock outstanding.
HP Inc. (NYSE: HPQ) and the HP Foundation have launched the 2025 Digital Equity Accelerator, targeting nonprofits in Greece, Indonesia, Nigeria, and Spain. The program aims to bridge the digital divide by supporting organizations that help disconnected youth and adults acquire digital skills.
Selected nonprofits will receive USD $100,000 in grants, HP technology worth approximately USD $100,000, and six months of programmatic support. Applications are open until February 12, 2025. The initiative has already helped 27 organizations expand their reach by over 9 million in its first three years.
The program addresses significant digital equity gaps in the target countries, where challenges include: Greece's 52% basic digital skills rate, Indonesia's 25.80% youth NEET rate, Nigeria's 28% internet usage despite having Africa's largest ICT market, and Spain's digital disparities among children and older generations.
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