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) has initiated an Exchange Offer for its $1 billion in outstanding Notes due 2026 and 2031, offering to exchange them for registered Exchange Notes with identical terms. The Exchange Offer aims to satisfy its obligations under registration rights agreements and is set to expire on January 20, 2022. No proceeds will be received from this exchange. The terms and details are outlined in a prospectus filed with the SEC, and information can be requested from the designated exchange agent.
HP Inc. is revolutionizing the print service industry with new automation solutions. Recent advancements include the PrintOS Integration Hub, which provides APIs and SDKs to streamline processes and enhance productivity. The PrintOS Site Flow system has achieved a 65% increase in job traffic in 2021, processing over 460 million items in 45 countries. The company reported a 36% rise in direct print volume for Labels and Packaging compared to 2019. With enhanced integration with Heidelberg Prinect, the automated printing workflow is aimed at boosting efficiency and reducing human error.
HP reported a strong fiscal 2021 with GAAP diluted EPS of $5.33, exceeding guidance, and a 12.1% increase in net revenue to $63.5 billion. The fourth quarter saw net revenue rise 9.3% year-over-year, reaching $16.7 billion, with GAAP diluted EPS at $2.71. Operational cash flow totaled $6.4 billion, yielding a free cash flow of $4.2 billion. HP returned $7.2 billion to shareholders through repurchases and dividends. For Q1 FY2022, EPS guidance is between $0.92 and $0.98.
HP Inc. has entered a strategic agreement with IWCO Direct for a multi-million-dollar investment in seven HP PageWide Web Presses. This initiative is part of a broader $50 million investment aimed at enhancing IWCO Direct's performance marketing capabilities using advanced digital printing technology by 2023. The new presses will enable faster, high-quality direct mail production, leveraging HP’s innovative inkjet technology. This collaboration highlights HP's role in driving the shift to digital solutions in marketing communications.
HP Inc. has appointed Kim K.W. Rucker to its board of directors, enhancing leadership diversity and expertise. Rucker previously served as executive vice president and general counsel at Andeavor, which was acquired by Marathon Petroleum. She also held similar roles at Kraft Foods Group and is on several other boards, including Marathon Petroleum and Celanese Corporation. Rucker's extensive experience in corporate governance is expected to bolster HP's strategic growth priorities. The HP Board is recognized for its diversity, reflecting the company's commitment to inclusive leadership.
HP Inc. has announced a cash dividend of $0.25 per share, reflecting a 29% increase from the previous dividend. This marks the first dividend of fiscal year 2022, payable on January 5, 2022, to stockholders of record by December 8, 2021. With approximately 1.1 billion shares of common stock outstanding, this decision is likely to enhance shareholder confidence and returns.
HP Inc. has launched HP xRServices powered by Microsoft HoloLens 2, revolutionizing customer support for industrial printers. This collaboration offers real-time, mixed reality troubleshooting, enhancing operational efficiency. Features include faster repair times, less need for face-to-face meetings, and step-by-step guidance for users. Compatible with all HP Industrial Printers, this innovative service aims to minimize downtime and uphold productivity. Currently in beta with select customers, HP is committed to redefining service delivery in the printing industry.
HP Inc. has launched new solutions focused on enhancing remote collaboration for hybrid work environments. The integration of Z by HP, NVIDIA Omniverse™ Enterprise, and Teradici CAS aims to streamline workflows and improve accessibility for high-performance computing tasks. The subscription package, priced at $240 per user, offers comprehensive tools for remote work, including access to cloud and virtual machines. Additionally, HP has partnered with Microsoft to optimize data science workflows through the Windows Subsystem for Linux 2, allowing seamless use of Ubuntu environments on Windows.
HP Inc. (NYSE: HPQ) has announced a live audio webcast scheduled for November 23, 2021, at 4:30 p.m. ET, to discuss its financial results for the fourth fiscal quarter ending October 31, 2021. Investors and interested parties can access the webcast on the HP investor relations website. A replay will be available shortly after the call for one year. The company aims to enhance lives through its technology offerings, including personal systems, printers, and 3D printing solutions.
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