Welcome to our dedicated page for HP news (Ticker: HPQ), a resource for investors and traders seeking the latest updates and insights on HP stock.
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. (HPQ) released a new cybersecurity report highlighting significant platform security gaps across device lifecycles. The study, based on feedback from 800+ IT decision-makers and 6000+ remote workers, reveals that 81% of IT professionals believe hardware and firmware security must become a priority, yet 68% report it's often overlooked in device ownership costs.
Key findings include: 34% of suppliers failed cybersecurity audits, 53% report weak BIOS password practices, over 60% delay firmware updates, and lost/stolen devices cost organizations approximately $8.6bn annually. Additionally, 47% cite data security concerns as a major obstacle for device reuse and recycling.
HP Inc. reported fiscal 2024 results with net revenue of $53.6 billion, down 0.3% year-over-year. GAAP diluted EPS was $2.81, exceeding outlook, while non-GAAP EPS reached $3.38. Fourth quarter performance showed improvement with revenue of $14.1 billion, up 1.7% from prior year. The company generated $3.7 billion in operating cash flow and returned $3.2 billion to shareholders through dividends and share repurchases. Personal Systems revenue grew 2% while Printing revenue increased 1%. HP announced a 5% dividend increase and provided fiscal 2025 guidance with non-GAAP EPS expected between $3.45 and $3.75.
HP Inc. (NYSE: HPQ) has announced it will host a live audio webcast to discuss its fourth quarter and fiscal year 2024 financial results on November 26, 2024 at 5:30 p.m. ET / 2:30 p.m. PT. The earnings call webcast will be accessible at www.hp.com/investor/2024Q4Webcast, with a replay available for approximately one year after the event. HP operates in over 170 countries, providing innovative solutions in personal computing, printing, 3D printing, hybrid work, and gaming sectors.
HP Inc. (HPQ) has announced HP Amplify AI, a new partner program launching November 1, 2024, designed to enhance partners' AI capabilities and drive customer adoption. The program includes the HP Amplify AI HUB, offering AI training, certification, and tools for partners to effectively sell AI devices and solutions.
The company is implementing AI-powered tools including a Partner Portal Chatbot and Configured Price Quote platform available in 108 countries. The HP Future Ready AI MasterClass has attracted over 12,000 users, and HP is expanding content availability in multiple languages. Additionally, HP is expanding its Business Partner Program globally to engage a broader ecosystem of partners.
HP Inc. has acquired Vyopta, an Austin-based provider of collaboration management solutions. This acquisition aims to enhance HP's Workforce Experience Platform, launched earlier this year, by incorporating Vyopta's expertise in analytics and monitoring for large, unified communications and collaboration networks.
The integration of Vyopta's capabilities will enable HP to offer customers:
- Enhanced Fleet Management with multi-vendor monitoring and space utilization insights
- End-to-End Insights for visibility across devices, applications, infrastructure, and networks
- AI-Powered Platform with improved Managed Collaboration Solutions integration
- Rebuilt SaaS Platform using modern microservices architecture
This strategic move is expected to strengthen HP's position in the market by providing more comprehensive workplace solutions and improving employee experiences.
HP Inc. (NYSE: HPQ) has unveiled HP Print AI, the industry's first intelligent print experiences designed to transform printing. The key features include:
1. Perfect Output: Ensures prints look perfect every time, reformatting web content and spreadsheets for optimal printing.
2. Customized Support: Simplifies setup and provides personalized assistance using natural language and contextual awareness.
3. Personalized Experiences: Enables easy creation of custom greeting cards and photo projects using conversational prompts.
4. HP Scan AI Enhanced: Automates document scanning and information extraction for businesses.
5. HP Build Workspace: An AI-enabled collaboration ecosystem for design and construction professionals.
HP Print AI is available in beta, with full capabilities expected to launch throughout 2025.
HP Inc. (NYSE: HPQ) announced advancements in its Workforce Solutions division at HP Imagine, aimed at enhancing employee experiences and productivity. Key highlights include:
- Expanded access to HP Workforce Experience Platform with new features for printer management and AI-powered fleet management
- Introduction of advanced Monitoring and Management capabilities through global command centers
- Launch of an industry-first out-of-band remediation service for remote PC issue resolution
- New AI advisory service to help customers maximize benefits of Microsoft 365 Copilot
- Global availability of HP Managed Collaboration Services
- Expansion of HP Certified Refurbished hardware portfolio
- Extension of HOPE Recycling Futures program to Mexico
These initiatives aim to support flexible work environments, improve IT management, and drive digital equity.
HP Inc. (NYSE: HPQ) has announced new innovations to transform the future of work at HP Imagine. These include:
- Next-gen AI PCs: The HP OmniBook Ultra Flip, a 2-in-1 laptop for freelancers and creators, and the HP EliteBook X, the world's most powerful next-gen AI business notebook.
- AI-enabled video conferencing solutions: Expanded Poly Studio Video Bars and software updates.
- Z by HP Boost: A scalable GPU performance sharing solution for AI developers.
The company also introduced the HP AI Companion, Poly Camera Pro, and new HyperX Cloud MIX™2 headset. These innovations aim to enhance productivity, collaboration, and security in various work environments. HP's research shows that AI is positively impacting workers' relationships with their jobs, with 68% believing AI creates new opportunities to enjoy work.
HP Inc. released the second annual HP Work Relationship Index (WRI), surveying 15,600 respondents across 12 countries. Key findings include:
- Only 28% of knowledge workers have a healthy relationship with work, a 1-point increase from 2023
- AI usage among knowledge workers increased to 66% in 2024, up from 38% last year
- AI users are 11-points happier with their work relationship compared to non-users
- At least two-thirds of workers desire personalized work experiences
- 87% would be willing to forgo part of their salary for personalized work experiences
- Only 44% of leaders have confidence in their human skills
- Female business leaders are significantly more confident than male counterparts in both hard and human skills
The study highlights AI and personalized work experiences as potential solutions to improve work relationships.
HP Inc. (NYSE: HPQ) will host its annual HP Imagine innovation event on September 24, 2024, focusing on AI-powered innovations shaping the future of work. The event will showcase new technologies across Personal Systems, Print, and Workforce Solutions portfolios, emphasizing workplace experiences, collaboration tools, and secure IT platforms for diverse work environments.
HP will unveil findings from its second annual HP Work Relationship Index research, highlighting the impact of AI on the workplace. With only 27% of employees reporting a healthy relationship with work, HP aims to demonstrate how technology can bridge the gap between company growth and personal fulfillment. The event will feature presentations from key executives, including CEO Enrique Lores, showcasing HP's strategic vision for the future of work.
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