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 February 28, 2022, at 5:00 p.m. ET to discuss its financial results for the first fiscal quarter ending January 31, 2022. The webcast will be accessible on the company's investor relations website and will be available for replay for approximately one year. HP Inc. focuses on technology solutions, including personal systems and 3D printing services.
HP Inc. announced the acquisition of Choose Packaging, a company known for its patented zero-plastic paper bottle technology. The move aims to enhance HP’s capabilities in the sustainable packaging market, potentially worth $10 billion. Choose's innovative bottles, composed of non-toxic materials, present a viable alternative to traditional plastic packaging.
Through this acquisition, HP intends to align its sustainability goals and disrupt the market for single-use plastics, leveraging its expertise in 3D printing and scaling Choose’s operations globally.
Deluxe has announced an upgrade to its Check and Promotional Solutions, introducing digital and print-on-demand capabilities through the HP PageWide Web Press T250 HD with HP Brilliant Ink. This investment aims to enhance product offerings, enabling faster implementation and expanded designs. Deluxe's President notes that these advancements will contribute to revenue growth over time, targeting their four million small business and 4,000 financial institution customers. Deluxe's commitment to innovation with HP strengthens its market position and aligns with the ongoing evolution towards digital payments.
HP Inc. has announced a cash dividend of $0.25 per share on its common stock, marking the second dividend of fiscal year 2022. The payment is scheduled for April 6, 2022, with a record date of March 9, 2022, for stockholders. HP has approximately 1.1 billion shares outstanding. Additionally, HP Inc. has set the record date for its 2022 annual meeting on February 18, 2022, with the meeting slated for April 19, 2022. Stockholders will receive pertinent information regarding the meeting.
HP Inc. has unveiled a new gaming lineup at CES 2022, including the OMEN 45L Desktop featuring the innovative OMEN Cryo Chamber™, which cools CPU temperatures by 6°C at full load. The lineup also introduces the Victus by HP 15L Desktop, targeting mainstream gamers. The OMEN 27u 4K Gaming Monitor is designed for next-gen consoles with 4K support. Pricing starts at $1,899.99 for the OMEN 45L, available from January 5. The gaming market continues expanding rapidly, with 2.7 billion players globally, increasingly engaging in social gaming.
HP Inc. has launched a range of innovative devices aimed at enhancing hybrid work experiences at the annual technology tradeshow. The new offerings include the HP Elite Dragonfly G3, providing advanced features like AI-based noise reduction and 5MP cameras. The expanded Elite Dragonfly line emphasizes sustainability by incorporating recycled materials. Additionally, new conferencing monitors and webcams are introduced to improve remote collaboration. HP's solutions aim to ensure seamless productivity whether workers are at home or in the office.
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.
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