HP Inc. - HPQ STOCK NEWS

HP Inc. has acquired Vyopta, an Austin-based provider of collaboration management solutions. This acquisition aims to enhance HP's Workforce Experience Platform, launched earlier this year, by incorporating Vyopta's expertise in analytics and monitoring for large, unified communications and collaboration networks.

The integration of Vyopta's capabilities will enable HP to offer customers:

• Enhanced Fleet Management with multi-vendor monitoring and space utilization insights
• End-to-End Insights for visibility across devices, applications, infrastructure, and networks
• AI-Powered Platform with improved Managed Collaboration Solutions integration
• Rebuilt SaaS Platform using modern microservices architecture

This strategic move is expected to strengthen HP's position in the market by providing more comprehensive workplace solutions and improving employee experiences.

HP Inc. (NYSE: HPQ) has unveiled HP Print AI, the industry's first intelligent print experiences designed to transform printing. The key features include:

1. Perfect Output: Ensures prints look perfect every time, reformatting web content and spreadsheets for optimal printing.

2. Customized Support: Simplifies setup and provides personalized assistance using natural language and contextual awareness.

3. Personalized Experiences: Enables easy creation of custom greeting cards and photo projects using conversational prompts.

4. HP Scan AI Enhanced: Automates document scanning and information extraction for businesses.

5. HP Build Workspace: An AI-enabled collaboration ecosystem for design and construction professionals.

HP Print AI is available in beta, with full capabilities expected to launch throughout 2025.

HP Inc. (NYSE: HPQ) announced advancements in its Workforce Solutions division at HP Imagine, aimed at enhancing employee experiences and productivity. Key highlights include:

• Expanded access to HP Workforce Experience Platform with new features for printer management and AI-powered fleet management
• Introduction of advanced Monitoring and Management capabilities through global command centers
• Launch of an industry-first out-of-band remediation service for remote PC issue resolution
• New AI advisory service to help customers maximize benefits of Microsoft 365 Copilot
• Global availability of HP Managed Collaboration Services
• Expansion of HP Certified Refurbished hardware portfolio
• Extension of HOPE Recycling Futures program to Mexico

These initiatives aim to support flexible work environments, improve IT management, and drive digital equity.

HP Inc. (NYSE: HPQ) has announced new innovations to transform the future of work at HP Imagine. These include:

• Next-gen AI PCs: The HP OmniBook Ultra Flip, a 2-in-1 laptop for freelancers and creators, and the HP EliteBook X, the world's most powerful next-gen AI business notebook.
• AI-enabled video conferencing solutions: Expanded Poly Studio Video Bars and software updates.
• Z by HP Boost: A scalable GPU performance sharing solution for AI developers.

The company also introduced the HP AI Companion, Poly Camera Pro, and new HyperX Cloud MIX™2 headset. These innovations aim to enhance productivity, collaboration, and security in various work environments. HP's research shows that AI is positively impacting workers' relationships with their jobs, with 68% believing AI creates new opportunities to enjoy work.

HP Inc. released the second annual HP Work Relationship Index (WRI), surveying 15,600 respondents across 12 countries. Key findings include:

• Only 28% of knowledge workers have a healthy relationship with work, a 1-point increase from 2023
• AI usage among knowledge workers increased to 66% in 2024, up from 38% last year
• AI users are 11-points happier with their work relationship compared to non-users
• At least two-thirds of workers desire personalized work experiences
• 87% would be willing to forgo part of their salary for personalized work experiences
• Only 44% of leaders have confidence in their human skills
• Female business leaders are significantly more confident than male counterparts in both hard and human skills

The study highlights AI and personalized work experiences as potential solutions to improve work relationships.

HP Inc. (NYSE: HPQ) will host its annual HP Imagine innovation event on September 24, 2024, focusing on AI-powered innovations shaping the future of work. The event will showcase new technologies across Personal Systems, Print, and Workforce Solutions portfolios, emphasizing workplace experiences, collaboration tools, and secure IT platforms for diverse work environments.

HP will unveil findings from its second annual HP Work Relationship Index research, highlighting the impact of AI on the workplace. With only 27% of employees reporting a healthy relationship with work, HP aims to demonstrate how technology can bridge the gap between company growth and personal fulfillment. The event will feature presentations from key executives, including CEO Enrique Lores, showcasing HP's strategic vision for the future of work.

HP Inc. (NYSE: HPQ) reported its fiscal 2024 third quarter results, showing net revenue of $13.5 billion, up 2.4% from the prior-year period. GAAP diluted net EPS was $0.65, within the previously provided outlook of $0.63 to $0.77 per share. Non-GAAP diluted net EPS was $0.83, also within the outlook of $0.78 to $0.92 per share. The company generated $1.3 billion in free cash flow and returned $0.9 billion to shareholders through share repurchases and dividends. HP's Personal Systems segment saw a 5% revenue increase, while Printing revenue decreased by 3%. The company increased its share repurchase authorization to $10.0 billion and provided guidance for Q4 and full fiscal year 2024.

HP unveiled new gaming gear from OMEN and HyperX at Gamescom 2024, focusing on customization and future-ready components. Key announcements include:

1. OMEN 35L: A customizable gaming PC with industry-standard components, offering up to AMD Ryzen 7 8700G or Intel Core i7-14700F processors, and NVIDIA GeForce RTX 4090 GPU.

2. HyperX QuadCast 2 and QuadCast 2 S: USB microphones with studio-quality audio and customizable LED lighting.

3. HyperX Alloy Rise 75 Wireless: A wireless gaming keyboard with up to 80 hours of battery life with backlighting on.

4. Integration of Google Play Games on PC within OMEN Gaming Hub, offering access to mobile and native PC games.

HP has been awarded Frost & Sullivan's 2024 Global Customer Value Leadership Award for its outstanding innovations in the gaming headset industry through its HyperX brand. The company has set new standards in comfort, sound quality, and battery life for global users. HP's strategic acquisition of HyperX has driven innovation, resulting in highly differentiated headsets that prioritize comfort and performance.

Key highlights include:

• Use of lightweight and durable materials like aluminum and memory foam
• Advanced audio technologies such as DTS® HeadphoneX® Spatial Audio
• Exceptional battery life, with up to 300 hours in some models
• Active community engagement for continuous product improvement
• In-store experience zones for hands-on testing

HP's forward-thinking approach and focus on customer value have positioned it as a leader in the evolving gaming headset market.