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. has announced its definitive agreement to acquire Teradici Corporation, a leader in remote computing software. This strategic acquisition aims to bolster HP's capabilities in the Personal Systems category, addressing the growing demand for secure, mobile computing solutions as hybrid work becomes prevalent. The remote desktop software market is projected to grow at a 17% CAGR through 2028, aligning with HP's focus on innovative computing models. The transaction is expected to close in Q4 2021, pending regulatory reviews.
HP Inc. has unveiled its lightest consumer laptop, the HP Pavilion Aero 13 Laptop PC, weighing under 1 kilogram. It features an innovative design crafted from sustainable materials and is powered by AMD Ryzen™ 7 5800U Mobile Processor. The laptop offers a 16:10 aspect ratio, 2.5k resolution, and up to 10.5 hours of battery life. Additionally, HP introduced the HP M24fwa and HP M27fwa FHD Monitors, expanding its eco-friendly monitor line. The Pavilion Aero 13 will be available in July starting at $749, while the monitors will start at $229.99.
HP Inc. announced its portfolio of Windows-based PCs is set to be upgradeable to Windows 11 later this year.
The company’s devices, including the HP Spectre, HP ENVY, and HP Pavilion series, are designed for enhanced user experience and productivity.
Gaming devices like OMEN and Victus will also feature optimizations for Windows 11 that improve graphics and load times.
HP's collaboration with Microsoft has been emphasized, aiming to provide users with innovative experiences across various platforms.
The HP Inc. board has declared a cash dividend of $0.1938 per share, the fourth for fiscal year 2021. This dividend is payable on October 6, 2021, to stockholders recorded by the close of business on September 8, 2021. With approximately 1.2 billion shares of common stock outstanding, this action reflects HP's commitment to returning value to its shareholders.
HP Inc. (NYSE: HPQ) has appointed Bruce Broussard, the current President and CEO of Humana, to its Board of Directors. Broussard brings diverse leadership experience from both public and private sectors, particularly in healthcare and health technology. His previous role as CEO of McKesson Specialty/US Oncology further enriches his profile. This addition aims to enhance HP's commitment to transformation and long-term value creation, according to Chair Chip Bergh. The HP Board of Directors is recognized for its diversity within the tech industry.
HP Inc. has expanded its Engage portfolio amid changing consumer behaviors, introducing the HP Engage Go 10 and HP Engage Flex Mini. The Go 10 is a lightweight, convertible system designed for mobility, while the Flex Mini offers versatility across various sectors. Key features include integration with Ingenico for seamless payment processing and enhanced security with HP Wolf Security. The latest systems aim to improve customer experiences in retail and hospitality, addressing the shift toward omnichannel interactions.
HP Inc. has launched the HP PATH program aimed at enhancing digital equity for 150 million underserved individuals by 2030, focusing on education, healthcare, and economic opportunities. Key achievements in the 2020 Sustainable Impact Report include over $1 billion in sales driven by sustainability, a 4% reduction in carbon footprint, a 33% decrease in GHG emissions intensity, and significant reductions in plastic usage. The report outlines HP's commitment to accountability and transparency while striving for sustainability and social justice.
HP Inc. (NYSE: HPQ) has successfully completed its acquisition of HyperX, the gaming division of Kingston Technology, for $425 million. This strategic move aims to enhance HP’s Personal Systems business by tapping into the growing gaming market. HyperX's product lineup includes a range of gaming peripherals such as headsets and keyboards, which are expected to bolster HP’s market presence. The acquisition is projected to be accretive on a non-GAAP basis in the first year post-closing, signaling potential growth for HP.
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