About HP

HP Inc. (HP) operates as a global provider of personal computing and other digital access devices, imaging and printing products, and related technologies, solutions and services. The company sells to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health, and education sectors. Segments The company operates through three segments: Personal Systems, Printing, and Corporate Investments. Personal Systems segment Personal Systems segment offers commercial and consumer desktops and notebooks, workstations, thin clients, commercial mobility devices, retail point-of-sale (POS) systems, displays, hybrid systems (includes video conferencing cameras and solutions, headsets, voice, and related software capabilities, including all products and solutions acquired from Poly), software, support, and services. The company groups commercial notebooks, commercial desktops, commercial services, commercial mobility devices, commercial detachables and convertibles, workstations, retail POS systems and thin clients into commercial (Commercial PS) and consumer notebooks, consumer desktops, consumer services and consumer detachables into consumer (Consumer PS) when describing performance in these markets. Both Commercial PS and Consumer PS services include support and deployment, configurations and extended warranty services and maintain multi-operating system and multi-architecture strategies using Microsoft Windows and Google Chrome operating systems, and predominantly use processors from Intel Corporation (Intel) and Advanced Micro Devices, Inc. (AMD). Personal Systems segment groups its global business capabilities into the following business units when reporting business performance: Commercial PS consist of endpoint computing devices and hybrid systems, for use by enterprise, public sector (which includes education), and SMB customers, with a focus on robust designs, security, serviceability, connectivity, reliability, and manageability in the customer's environment. Commercial PS includes HP Dragonfly, HP ProBook and HP EliteBook lines of notebooks, convertibles, and detachables, HP Pro and HP Elite lines of business desktops and all-in-ones, retail POS systems, HP Thin Clients, HP Pro Tablet personal computers (PCs) and the HP notebook, desktop, and Chromebook systems. It also includes workstations that are designed and optimized for high-performance and demanding application environments, including Z desktop workstations, Z all-in-ones and Z mobile workstations. Additionally, HP offers a range of services and solutions to enterprise, public sector (which includes education), and SMB customers to help them manage the lifecycle of their PCs and mobility installed base. Consumer PS consist of devices, accessories, and services, which are optimized for consumer usage, focusing on gaming, learning and working remotely, consuming multi-media for entertainment, managing personal life activities, staying connected, sharing information, getting things done for work, including creating content, and staying informed and secure. These systems include HP Spectre, HP Envy, HP Pavilion, HP Chromebook, Omen and Victus by HP lines of notebooks and desktops, HP Envy, HP Pavilion desktops and all-in-one lines. Printing segment Printing segment provides consumer and commercial printer hardware, supplies, services, and solutions. Printing is also focused on Graphics and 3D Printing and Personalization in the commercial and industrial markets. The company's global business capabilities within Printing are described below: Office Printing Solutions delivers HP's office printers, supplies, services, and solutions to SMBs, public sector and large enterprises. It also includes Original Equipment Manufacturer (OEM) hardware and solutions. Home Printing Solutions delivers innovative printing products, supplies, services and solutions for the home, home business and micro business customers utilizing both HP's Ink and Laser technologies. Graphics Solutions delivers large-format, commercial and industrial solutions and supplies to print service providers and packaging converters through a wide portfolio of printers and presses (HP DesignJet, HP Latex, HP Indigo and HP PageWide Web Presses). 3D Printing and Personalization offers a portfolio of additive manufacturing solutions and supplies to help customers succeed in their additive and digital manufacturing journey. HP offers complete solutions in collaboration with an ecosystem of partners. Printing groups its global business capabilities into the following business units when reporting business performance: Commercial Printing consists of office printing solutions, graphics solutions and 3D printing and personalization, excluding supplies. Consumer Printing consists of home printing solutions, excluding supplies. Supplies comprises a set of highly innovative consumable products, ranging from ink and laser cartridges to media, industrial graphics supplies and 3D printing and personalization supplies, for recurring use in consumer and commercial hardware. Corporate Investments segment Corporate Investments segment includes certain business incubation and investment projects. Sales, Marketing, and Distribution The company's customers are organized by consumer and commercial groups, and purchases of HP products, solutions and services may be fulfilled directly by HP or indirectly through a variety of partners, utilizing their own physical or internet stores or an omnichannel combination of the two, including retailers that sell its products to the public focusing on consumers and SMBs; resellers that sell its products and services, frequently with their own value-added products or services, to targeted customer groups; distribution partners that supply its products and solutions to resellers and retailers in certain geographies; and system integrators and other business intermediaries that provide various levels of services, including systems integration work and as-a-service solutions, and typically partner with it on client solutions that require its products and services. The mix of the company's business conducted by direct sales or channel sales differs by business and geographic market. The company focuses on driving the depth and breadth of its market coverage while identifying efficiencies and productivity gains in both its direct and indirect routes to market. The company's businesses collaborate to accomplish strategic and process alignment where appropriate. For example, it typically assigns an account manager to manage relationships across its business with large enterprise customers. The account manager is supported by a team of specialists with product and services expertise and drives both direct and indirect sales to their assigned customers. For other customers and for consumers, it typically manages both direct online sales, as well as channel relationships with retailers mainly targeting consumers and SMBs and commercial resellers mainly targeting SMBs, mid-market accounts, public sector, and large enterprises. Seasonality General economic conditions have an impact on the company's business and financial results. The company experiences some seasonal trends in the sale of its products and services. For example, European sales are often weaker in the summer months and consumer sales are often stronger in the fourth calendar quarter. Patents As of October 31, 2023, the company's worldwide patent portfolio included over 23,000 patents. Suppliers The company sources the majority of its A4 and a portion of A3 portfolio laser printer engines and laser toner cartridges from Canon Inc. The company is dependent upon Intel and AMD as suppliers of x86 processors and Microsoft and Google for various software products. Competition Personal Systems The company's primary competitors are Lenovo Group Limited, Dell Inc., Huawei Technologies Co., Ltd., Acer Inc., ASUSTeK Computer Inc., Apple Inc., Toshiba Corporation, Microsoft Corporation, Samsung Electronics Co., Ltd, and Logitech International S.A. Printing The company's primary competitors include Canon Inc., Lexmark International, Inc., Xerox Corporation Ltd., Seiko Epson Corporation, The Ricoh Company Ltd., and Brother Industries, Ltd. History The company was founded in 1939. It was incorporated in 1947 under the laws of the state of California. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in 2015.

Country
Industry:
Computer and office equipment
Founded:
1939
IPO Date:
01/02/1968
ISIN Number:
I_US40434L1052
Address:
1501 Page Mill Road, Palo Alto, California, 94304, United States
Phone Number
(650)-857-1501

Key Executives

CEO:
Lores, Enrique
CFO
Brown, Timothy
COO:
Data Unavailable