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) 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.
HP Inc. announced key executive appointments designed to enhance its innovation and growth strategy. Sarabjit Singh Baveja has been appointed as Chief Strategy and Incubation Officer, focusing on new business incubation and leveraging HP's microfluidics technology. Tolga Kurtoglu joins as Chief Technology Officer, leading HP Labs and driving innovation. Concurrently, Kim Rivera will depart after a successful tenure, while Harvey Anderson takes over as Chief Legal Officer. All appointments are effective February 1, aiming to bolster HP's capabilities in personal systems and printing.
HP Inc. unveiled five new Chromebooks designed for teachers and students, enhancing blended learning experiences. The HP Chromebook 14 G7 features a large screen and powerful specs, ideal for lesson planning. The HP Chromebook x360 11 G4 EE promotes interactive learning with a 360-degree hinge and optional USI Garage Pen. Notably, all models can be sanitized with household wipes. With a 46% rise in device shipments for education, HP aims to improve learning outcomes for 100 million people by 2025, amidst a trend towards ongoing blended learning.
The HP Inc. board has announced a cash dividend of $0.1938 per share for its common stock, payable on April 7, 2021, to shareholders recorded by March 10, 2021. This marks the second dividend for fiscal year 2021, with HP having approximately 1.3 billion shares outstanding. Additionally, the board set a record date of February 16, 2021 for its annual stockholders meeting, scheduled for April 13, 2021. Shareholders are encouraged to review upcoming materials regarding the meeting and its agenda.
At CES 2021, HP Inc. announced innovative devices designed for hybrid work and personal creativity, amid a growing reliance on PCs due to the pandemic. The lineup includes the HP Elite Dragonfly G2, touted as the world's lightest business convertible, and the HP ENVY 14, a mobile creative studio. New features focus on enhanced collaboration, connectivity, and sustainability, using recycled materials. Key metrics indicate a shift in work habits, with remote work increasing by seven hours weekly, driving demand for HP's advanced PC solutions.
The HP Inc. board has declared a cash dividend of $0.1938 per share, marking a 10% increase from the prior dividend. This dividend will be the first of HP's fiscal year 2021 and is payable on January 6, 2021, to shareholders on record as of December 9, 2020. With approximately 1.3 billion shares outstanding, this announcement reflects HP's ongoing commitment to returning value to its investors.
HP (NYSE: HPQ) reported Fiscal 2020 GAAP diluted net EPS of $2.00, exceeding the forecast of $1.83 to $1.87. Non-GAAP diluted EPS was $2.28, above the expected $2.16 to $2.20. Total net revenue fell 3.6% to $56.6 billion, while fourth quarter net revenue reached $15.3 billion (down 1.0%). The company generated $4.3 billion in cash from operations and returned $4.1 billion to shareholders. A dividend increase of 10% was announced, reflecting commitment to shareholder value.
COBRA Golf has unveiled the KING Supersport-35 putter, a limited edition fully 3D printed product featuring SIK Face Technology. Developed in partnership with HP and Parmatech, this putter's design optimizes weight distribution, achieving a high Moment of Inertia (MOI). The putter utilizes Descending Loft Technology for accuracy and consistency on the greens. Set to launch on Nov. 20, 2020, at $399, it promises a new level of personalization in golf club manufacturing, with plans for more 3D printed products in 2021.
HP Inc. has secured a landmark agreement with Shutterfly, supplying over 60 new HP Indigo digital presses, marking the largest rollout in HP's history. This collaboration aims to enhance productivity in the growing ecommerce market for personalized products, which is projected to reach $3.117 billion by 2026. The investment includes next-generation HP Indigo presses to boost efficiency and quality in photo gifts and products. The installation will occur across four states, significantly advancing Shutterfly's operational capabilities.
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