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 pledged to plant one million trees by the end of 2020 through a partnership with the Arbor Day Foundation as part of a broader effort to realize a forest-positive future. Since 2019, HP has donated over $12 million to support forest protection initiatives. Additionally, HP aims to reduce potable water consumption by 35% by 2025. The commitment includes restoration of California forests affected by wildfires and various reforestation projects across the U.S.
HP introduces new OMEN accessories featuring Warp Wireless Technology, optimizing gaming experiences. Highlights include the OMEN Frequency Wireless Headset for lag-free audio, the OMEN Vector Wireless Mouse with rapid USB-C charging, and the OMEN Spacer Wireless TKL Keyboard designed for portability. Additionally, the OMEN 30L Desktop now supports NVIDIA's latest RTX 30 Series GPUs, enhancing graphics performance. Prices range from $79.99 to $169.99, with availability starting this December.
HP Inc. introduced new productivity and collaboration PC solutions at its HP Reinvent event on Sept. 16, 2020, aimed at supporting evolving work environments. Key offerings include the HP ProBook 635 Aero G7, designed as the lightest AMD-based business notebook, and new print solutions like the HP LaserJet Enterprise 400 Series. The company emphasized a commitment to sustainability and equality, launching a partner program aimed at achieving 50% enrollment by 2025. HP's leadership discussed the importance of innovation and understanding customer needs in a rapidly changing business landscape.
HP Inc. unveiled the HP LaserJet Enterprise 400 Series at its annual HP Reinvent event on September 16, 2020. This new series is designed for remote and hybrid workforces, featuring advanced security and remote management capabilities. With 72% of office workers favoring remote work post-pandemic, the series addresses the growing need for secure, flexible printing solutions. The LaserJet series will be available worldwide starting in December, alongside the new FutureSmart 5 firmware aimed at enhancing operational security.
HP Inc. announced new devices and solutions at its annual HP Reinvent event, focusing on enabling productivity and collaboration in hybrid work environments. The press release highlighted the launch of the HP ProBook 635 Aero G7, lightweight with long battery life, and PCs built with sustainability in mind. The HP Business Boost program aims to assist small to mid-sized businesses in managing remote workforces. New monitors, including the HP E24d and E27d, enhance virtual collaboration. Pricing for various products starts from $649, with availability set for October and November 2020.
HP Inc. (NYSE: HPQ) announced the appointment of Marie Myers as acting Chief Financial Officer (CFO) effective October 1, 2020, following the departure of Steve Fieler. Myers, who has over 20 years of financial experience at HP, is currently the Chief Transformation Officer and will continue in that role during the transition. The company will initiate a search for a permanent CFO. CEO Enrique Lores praised Fieler's contributions, highlighting the value created for shareholders. Myers' leadership is expected to enhance efficiency and support HP's corporate strategy.
HP Inc. has introduced its new DesignJet portfolio, targeting construction ecosystem professionals with a focus on efficiency and sustainability. The series includes the T200, T600, and Studio Printer, featuring one-click printing via HP Click and automatic multi-size project handling. Notably, these printers are the world's first net carbon neutral large-format printers, constructed with up to 30% recycled plastic. They aim to cut carbon emissions by 7.3 tons annually, highlighting HP's commitment to sustainability while delivering quality prints at a low cost.
HP Inc. is expanding its partnership with Historically Black Colleges and Universities (HBCUs) by providing support during COVID-19 and launching a pilot learning program focused on 3D printing at North Carolina A&T State University. This initiative aims to help students tackle real business problems, gain industry experience, and enhance job opportunities. Over the past three years, participation in HP’s challenges involved nearly 300 students from 44 HBCUs, with many securing positions at HP. HP is committed to increasing diversity within the tech workforce and has set targets for hiring more Black executives by 2025.
HP Inc. has announced new products in its Z by HP portfolio, aimed at professional creators and power users. Key highlights include the ZCentral 4R, the world’s most powerful 1U rack workstation, designed for remote performance and expansion, and the new Z2 G5 desktops, offering enhanced performance and expandability. The ZBook lineup introduces powerful mobile workstations for creators on the move. The products, available starting in September 2020, cater to the growing demand for remote work technologies, with pricing for the ZCentral 4R starting at $2,099 and other models ranging from $849 to $2,039.
HP Inc. (NYSE: HPQ) and ePac are advancing in the flexible packaging market with the installation of 26 HP Indigo 25K Digital Presses, aimed to enhance market access for small and medium businesses. ePac's revenue is projected to exceed $100 million in 2020, bolstered by rapid expansion across North America, Europe, and Asia Pacific. The new installations will increase ePac's global fleet to 76 presses, improving production efficiency while minimizing environmental impact. This collaboration emphasizes innovation and local service delivery, positioning ePac as a disruptive force in the industry.
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