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. (NYSE: HPQ) will host a live audio webcast on May 31, 2022, at 5:00 p.m. ET to discuss financial results for Q2, which ended April 30, 2022. Investors can access the webcast at www.hp.com/investor/2022Q2Webcast. A replay will be available shortly after the call, remaining accessible for one year. HP aims to drive innovation through its personal systems, printers, and 3D printing solutions, reflecting its commitment to impactful technological advancement.
HP Inc. (NYSE: HPQ) launched its new HP ScanJet Pro and Enterprise devices on May 2, 2022, featuring advanced workflow scanner software designed for modern workplace needs. The series includes models like the HP ScanJet Pro 2600 f1, Pro 3600 f1, N4600 fnw1, and Enterprise Flow N6600 fnw1, supporting up to 8,000 pages daily. Key improvements include intelligent document capture, enhanced security, and streamlined workflows aimed at boosting productivity in collaborative office environments. The devices are currently available globally.
HP Inc. and Legor Group SPA have entered a strategic partnership to develop innovative precious metal materials for HP’s Metal Jet system, targeting the jewelry and fashion markets. This collaboration aims to enhance the production of functional stainless steel accessories and optimize bronze, silver, and gold powder materials. The initiative promotes sustainable manufacturing practices while offering speed and economic advantages in producing high-quality 3D-printed metal parts. HP plans to showcase this technology at upcoming global industry events.
HP Inc. (NYSE: HPQ) has announced the pricing of a public offering of $2.0 billion in senior unsecured notes. This includes $1.0 billion of 4.000% notes due 2029 and $1.0 billion of 4.200% notes due 2032, priced at 99.767% and 99.966% of their principal amounts, respectively. Proceeds will be used for general corporate purposes, including debt repayment, acquisitions, and share repurchases, with the offering expected to close on March 31, 2022. The transaction is managed by several renowned financial institutions and is registered with the SEC.
HP Inc. (HPQ) has announced a definitive agreement to acquire Poly (POLY) for $3.3 billion in an all-cash transaction, enhancing its portfolio of hybrid work solutions. The acquisition is driven by the increasing demand for workplace collaboration technologies, particularly as hybrid work becomes prevalent. HP aims to achieve $500 million in revenue synergies by FY25 and expects immediate accretion to revenue growth and margins. The transaction is set to close by the end of 2022, pending stockholder approval and regulatory clearances.
HP and Hershey celebrate International Women’s Day by unveiling a new film and continuing their #HerShe campaign. Now in its third year, the campaign utilizes HP Indigo's digital printing technology to highlight female talent through limited edition Milk Chocolate Bars. This year's initiative includes QR codes that link consumers to stories celebrating women’s contributions. The campaign aims to promote gender equality and has successfully reached nearly 2 billion social media impressions in Brazil. HP Indigo's printing technology is key to engaging audiences and enhancing brand storytelling.
HP (NYSE: HPQ) reported a strong first quarter for fiscal 2022, with GAAP diluted net EPS of $0.99, surpassing the outlook of $0.92 to $0.98. The company achieved net revenue of $17.0 billion, an 8.8% increase year-over-year. Operating cash flow was reported at $1.7 billion, with free cash flow of $1.4 billion. HP returned $1.8 billion to shareholders through share repurchases and dividends. Looking ahead, HP updated its fiscal 2022 EPS guidance to a range of $3.87 to $4.07, with free cash flow expectations of at least $4.5 billion.
HP Inc. has launched the HP LaserJet Tank MFP 2600s, aimed at small business owners seeking cost-effective printing solutions. The device features a mess-free toner refill system that fills in 15 seconds and prints up to 5000 pages before needing a reload. It offers low cost per page and includes a durable imaging drum with a 50,000-page lifespan. The product is designed for high-volume printing, featuring automatic duplex printing and a 40-sheet auto document feeder. It is also Energy Star certified, indicating a commitment to sustainability.
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