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. announced the HP Stitch S1000, a 126-inch dye-sublimation printer aimed at enhancing the capabilities of print service providers (PSPs). This device features improved versatility with direct-to-fabric printing, rapid production speeds of up to 2370 ft²/hr, and simplified operations through HP PrintOS. It includes advancements like a contact heater for enhanced backlit saturation and a user-friendly interface for remote management. The printer supports sustainable practices with ECO PASSPORT certified inks and printhead recycling initiatives.
HP Inc. has announced the expansion of its HP Amplify program, targeting over 1,350 retail partners globally. Launched in 2020 for commercial partners, the program is designed to facilitate digital transformation and growth in response to shifting consumer behaviors. Starting August 2, 2021, retail partners will transition to this framework, which emphasizes data analytics, performance rewards, and collaboration tools. With e-commerce sales surging and physical store traffic declining, HP aims to enhance partner capabilities and improve customer experiences through this initiative.
HP Inc. has announced the global launch of HP+, a cloud-based printing ecosystem designed for enhanced security, productivity, and sustainability. Following a successful introduction in the U.S., HP+ expands to 35 new countries amid a growing demand for printing, which has seen a 6% increase. The smart system includes features like Smart Security to prevent malware, Cloud Resiliency for connectivity, and a subscription service offering up to 50% savings on ink. Additionally, HP+ promotes sustainability with its Forest First initiative and aims to cater to the evolving needs of consumers and small businesses.
HP Inc. has received notable recognition for its commitment to sustainability, earning seven Good Green Design Awards for its sustainable PC portfolio. The company’s focus on using recycled materials in product design aligns with increasing consumer demand for eco-friendly solutions, as 76% of people prioritize environmental issues. Additionally, HP excelled in the prestigious iF DESIGN 2021 Awards, ranking first in several categories, including North America and the Computer Category. Key products acknowledged include the HP Spectre x360 14 and HP Elite Folio.
HP Inc. received 32 design accolades in the Red Dot Award: Product Design 2021, including the prestigious Red Dot: Best of the Best for its HP Reverb G2 Omnicept Edition VR Headset. As remote work continues due to COVID-19, HP emphasizes the importance of design quality in personal systems. The awards recognize HP's commitment to sustainable and innovative product designs across laptops, displays, and accessories, catering to various sectors such as education, gaming, and retail.
HP's Molded Fiber Advanced Tooling Solution has garnered validation from Innofibre, showcasing its productivity and efficiency advantages over traditional tooling methods. The solution is being adopted by various partners and customers like Eco Pulp and Vernacare, emphasizing its potential in new packaging designs. Key features include improved fiber retention, significant cost reductions, and faster prototyping. HP aims to lead the transition from single-use plastics to sustainable packaging, aligning with customer demands and environmental goals.
HP Inc. is partnering with SOLIZE Corporation to develop 3D-printed replacement parts for Nissan's NISMO Heritage Parts program. This collaboration marks the first instance of on-demand production of discontinued automotive parts, starting with a plastic harness protector for the R32 Nissan Skyline GT-R. Utilizing HP's Multi Jet Fusion technology, they aim for cost-effective, sustainable production that meets market demand while minimizing waste.
The initiative underscores a commitment to sustainable manufacturing as Nissan expands its heritage parts offerings.
HP Inc. (NYSE: HPQ) will participate in the Morgan Stanley TMT Investor Conference virtually on March 3, 2021. CEO Enrique Lores is scheduled for a fireside chat from 8:45 a.m. to 9:15 a.m. PT (11:45 a.m. to 12:15 p.m. ET). Investors and interested parties can access a live webcast and replay on the HP website under the 'Events' section. HP Inc. is committed to creating technology that enhances life through its personal systems, printers, and 3D printing solutions.
HP Inc. reported a strong fiscal 2021 first quarter, with GAAP diluted net earnings per share (EPS) of $0.83, surpassing the expected range of $0.58 to $0.64. Non-GAAP diluted EPS reached $0.92, above the forecast of $0.64 to $0.70. Net revenue hit $15.6 billion, reflecting a 7% year-over-year increase. The company returned $1.6 billion to shareholders through buybacks and dividends. Looking ahead, HP projects second quarter GAAP EPS between $0.82 to $0.88 and non-GAAP EPS from $0.84 to $0.90.
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