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. introduces the new ENVY Inspire with HP+, designed for families' hybrid lifestyles. This versatile printer offers features like 6 months of Instant Ink and an extra year of warranty. Built with sustainability in mind, it uses over 45% recycled plastic. Notably, the ENVY Inspire enables custom two-sided photo printing, making it ideal for families looking to commemorate occasions. Approximately 72% of families plan to spend more on travel in 2022, enhancing the printer's relevance. Launching first in the US, further models will follow.
HP Inc. (NYSE: HPQ) has announced an $80 million partnership expansion with the World Wildlife Fund (WWF) to enhance forest conservation efforts. This collaboration is part of HP’s climate action strategy, aiming to restore nearly 1 million acres of forest by 2030. HP is the first technology company to pursue science-based targets for forests, addressing the environmental impact of paper usage from its printers. The initiative supports biodiversity and aims to counterbalance the forest resources used in HP products, reinforcing HP's commitment to sustainability.
HP Inc. has reiterated its fiscal 2021 financial outlook, projecting GAAP diluted net EPS for fiscal 2022 between $3.86 and $4.06, and non-GAAP dilutive EPS between $4.07 and $4.27. It expects free cash flow of at least $4.5 billion and to return at least 100% of free cash flow to shareholders through dividends and share repurchases. Notably, HP announced a 29% annual dividend increase to $1 per share, reflecting strong confidence in future earnings and growth.
HP Inc. (HPQ) announced its latest HP Wolf Security Threat Insights Report, revealing that cybercriminals are increasingly using legitimate cloud platforms to evade detection. Key findings include the rapid exploitation of zero-day vulnerabilities, particularly CVE-2021-40444, identified just days before Microsoft issued a patch. The research indicates a shift towards more sophisticated malware techniques, such as using JavaScript and HTA files. A staggering 12% of email malware bypassed gateway scanners, emphasizing the urgent need for enhanced security measures.
HP Inc. will host its 2021 Securities Analyst Meeting on October 20, 2021, featuring insights from President and CEO Enrique Lores and CFO Marie Myers. The live webcast will commence at 3:00 p.m. ET / 12:00 noon PT, allowing attendees to explore HP's strategic direction and financial forecast. The event can be accessed via www.hp.com/investor/SAM2021, with a replay available for one year post-event.
HP Inc. has achieved ISO/IEC 20243 certification for its enterprise printers and Original HP cartridges, enhancing its print security solutions for hybrid workforces. This certification ensures compliance with best practices for mitigating counterfeit products, validating HP's commitment to trusted printing. With 45% of IT decision makers reporting compromised printers as an attack vector, this certification addresses growing security concerns. The certified products include HP’s LaserJet, PageWide, and network scanners, strengthening its secure printing systems.
HP Inc. has launched a unified PC and print offering called HP Work from Home to enhance the hybrid work model for enterprises. Designed for IT leaders, this service eases the deployment and management of HP hardware and supplies for distributed workforces. Key features include delivery of devices to employees' locations, automatic replenishment of supplies, and built-in security protections. The service is currently available in the U.S., with plans for expansion globally in the coming months.
HP Inc. has completed the acquisition of Teradici Corporation, enhancing its remote services for hybrid work. The deal aims to deliver new software-enabled digital services and computing models, according to HP's President of Personal Systems, Alex Cho. The integration will allow customers to access Teradici Cloud Access Software and ZCentral Remote Boost through a single subscription, available by year-end. This acquisition supports HP's strategy to create innovative computing experiences that cater to evolving customer needs.
HP Inc. announces the launch of its Smart Tank 7000 Series, designed for high-volume daily printing. Priced between USD $399 and $499, the printer features a smart ink tank system with dual-band Wi-Fi, an eco-conscious design made from over 25% recycled plastic, and is compatible with the HP Smart App for seamless printing. It offers up to 50,000 pages, automatic two-sided printing, and is aimed at enhancing productivity while reducing costs. This series reaffirms HP's commitment to sustainability and efficiency in printing solutions.
HP Inc. has launched the HP Amplify Data Insights platform aimed at enhancing partner strategies through advanced data analytics. Available on the HP Partner Portal, it integrates third-party intelligence and partner data for real-time insights. Since its 2020 debut, 98% of eligible partners have opted in, generating over one billion data points weekly. This tool aims to improve customer engagement and drive revenue growth for partners.
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