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 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.
HP reported a strong second quarter for fiscal 2021, achieving net revenue of $15.9 billion, a 27.3% increase year-over-year. The GAAP diluted EPS reached $0.98, significantly exceeding previous forecasts. Non-GAAP diluted EPS was $0.93, also above outlook projections. The company generated $1.4 billion in operating cash flow and returned 137% of its free cash flow to shareholders, totaling $1.8 billion in buybacks and dividends. Looking ahead, HP estimates a third quarter GAAP diluted EPS range of $0.77 to $0.81 and maintains a positive full-year outlook.
The HP Inc. board has declared a cash dividend of $0.1938 per share on its common stock, marking the third dividend for fiscal year 2021. This dividend is payable on July 7, 2021, to stockholders of record as of June 9, 2021. HP has approximately 1.2 billion outstanding shares, indicating a strong commitment to returning value to shareholders. The company continues to create technology that enhances life globally through its diverse product offerings.
HP Inc. announced the appointment of Kristen Ludgate as Chief People Officer, effective July 12, 2021. Ludgate, previously at 3M as Chief Human Resources Officer, will lead HP's global human resources organization, focusing on employee experience, talent acquisition, and diversity, equity, and inclusion. HP's President, Enrique Lores, praised her innovative leadership and extensive experience, which included transforming organizational culture and overseeing talent initiatives at 3M. Ludgate holds a bachelor's degree from Bowdoin College and a J.D. from the University of Minnesota Law School.
HP introduced its new Victus by HP 16-inch laptop, targeting mainstream gamers and designed with OMEN's DNA. The device features top-tier performance with options for NVIDIA GeForce RTX 3060 graphics and Intel Core i7 processors. The gaming lineup also includes OMEN 16 and OMEN 17 laptops, featuring advanced cooling technology and immersive displays. The OMEN Gaming Hub enhances user experience with new features like OMEN OASIS for gameplay streaming. Pricing for the Victus starts at $799.99, with availability in June 2021. The company emphasizes sustainability in its product design.
FAQ
What is the current stock price of HP (HPQ)?
What is the market cap of HP (HPQ)?
What does HP Inc. specialize in?
What is the HP Amplify Partner Program?
How is HP contributing to sustainability?
What recent innovations has HP introduced?
How does HP ensure the security of its products?
What are some of HP's recent collaborations?
What financial performance did HP report in its latest quarter?
What is HP's market reach?
How does HP support its channel partners?
Where can I find more information about HP's products and services?
