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'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.
HP Inc. has entered a definitive agreement to acquire HyperX, Kingston Technology's gaming division, for $425 million. This acquisition aims to bolster HP's growth in the lucrative gaming peripherals market, expected to reach $12.2 billion by 2024. HyperX's portfolio includes top-tier gaming headsets, keyboards, and accessories. The deal, anticipated to close in Q2 2021, positions HP strategically to enhance its gaming ecosystem and further innovate in the Personal Systems sector.
HP Inc. has appointed Marie Myers as its new Chief Financial Officer, effective immediately. Myers has been acting CFO and Chief Transformation Officer since October 2020 and brings over 20 years of experience with HP. She has played a key role in enhancing the company's digital capabilities and reducing operating costs. President and CEO Enrique Lores praised her proven track record and operational discipline. Myers previously served as HP's Global Controller and was involved in the complex separation of Hewlett-Packard Company in 2015.
HP Inc. (NYSE: HPQ) will host a live audio webcast on February 25, 2021, at 4:30 p.m. ET to review its financial results for the first fiscal quarter ending January 31, 2021. Investors and analysts can access the webcast through the company's investor relations website. A replay will also be available for one year after the event. HP Inc. focuses on technology solutions for personal systems, printers, and 3D printing, aiming to enhance everyday experiences globally.
HP announced the appointment of Judith (“Jami”) Miscik to its Board of Directors, enhancing its leadership with her extensive experience in international affairs and intelligence. Currently CEO and Vice Chair of Kissinger Associates, Miscik brings valuable geopolitical insights, crucial for HP's strategy in driving sustainable growth and shareholder value. She has a distinguished career, including a 22-year tenure in intelligence, culminating as Deputy Director at the CIA. The HP Board is noted for its diversity, with this addition further solidifying its commitment to effective governance.
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