Hp Inc Stock Price, News & Analysis

HP Wolf Protect & Trace with Wolf Connect is now the world's first software service capable of locating, locking, and erasing PCs remotely, even when powered down or disconnected from the Internet.

Announced at the Amplify™ Partner Conference, this new IT management solution enhances remote PC management with cellular-based connectivity. It addresses security concerns for hybrid workforces, with research indicating 82% of businesses face security gaps. The service can significantly reduce IT costs by minimizing the need for device remediation and protecting sensitive data. This advancement marks a crucial step in supporting the security needs of organizations amid evolving hybrid work conditions.

HP has launched the Amplify Partner Conference, introducing a comprehensive strategy to enhance collaboration and benefits for its partners. Key initiatives include the integration of Poly, Teradici, and HyperX into the HP Amplify program, set to take place on November 1, 2023. The company aims to welcome distribution partners to the program in fiscal 2024. New features introduced include the More for More compensation program and the Fast Lane demand generation process, designed to simplify reimbursement for marketing efforts. Additionally, HP seeks to enroll over 50% of Amplify partners in the Amplify Impact program by 2025, promoting sustainability.

HP Inc (NYSE: HPQ) introduced its latest gaming hardware at the Amplify Partner Conference on March 28, 2023. Highlights include the OMEN Transcend 16 Laptop, which features the first mini-LED screen, offering enhanced visuals and portability. The lineup includes new models such as the OMEN 16 and Victus 16 laptops, along with nine new OMEN monitors aimed at hybrid play and work. Enhanced features in the OMEN Gaming Hub promise improved performance and personalization options. The gaming sector continues to expand, with a billion new gamers in recent years, reflecting a shift towards devices that fulfill both gaming and productivity needs.

Brook + Whittle announced the installation of the first HP Indigo V12 digital press in the United States, enhancing its digital print capabilities. This installation aims to improve customer service with faster turn times and flexible label customization, rivaling traditional flexo printing speeds. The V12 press offers quick setup and minimal waste while operating at 400 feet per minute, potentially replacing multiple flexo presses. Industry leaders from both companies highlighted the strategic partnership and its role in advancing sustainable and innovative printing solutions.

HP Inc. (NYSE: HPQ) released its latest HP Wolf Security Threat Insights Report, revealing significant trends in cyber threats. The report highlights a 38% increase in malicious PDF attachments and a surge in QR code phishing scams. Over the past year, HP customers clicked on over 25 billion attachments and links without reported breaches. Microsoft’s decision to block macros by default has forced hackers to diversify their tactics, leading to a rise in attacks utilizing archive files and social engineering. The report also emphasizes the need for organizations to adopt stronger security measures against evolving threats.

HP reported its fiscal 2023 first quarter results, revealing a GAAP diluted net EPS of $0.49, down from $0.99 a year prior, aligning with guidance of $0.47 to $0.57. Non-GAAP diluted net EPS fell to $0.75 from $1.10, within the forecast of $0.70 to $0.80. Net revenue decreased 18.8% year-over-year to $13.8 billion. Free cash flow was $(0.2 billion) compared to $1.4 billion last year. HP also returned $0.4 billion to shareholders through dividends and share repurchases. The company forecasts GAAP diluted EPS for Q2 between $0.40 to $0.50 and reaffirms full-year diluted EPS guidance of $2.22 to $2.62.

HP Inc. has launched a new lineup of high-performance workstation desktops known as Z by HP, which includes the Z8 Fury—the world's most advanced data science workstation. These systems are designed to handle complex, data-rich workflows, featuring powerful CPU and GPU capabilities. Additionally, the HP Anyware Remote System Controller offers IT departments innovative management solutions for high-performance devices, enhancing remote support. Available models include the Z4, Z6, Z8, and the high-end Z8 Fury G5, which supports up to 56 CPU cores and four GPUs.

HP Inc. (NYSE: HPQ) will hold a live audio webcast on February 28, 2023, at 5:00 p.m. ET to discuss its financial results for the first fiscal quarter ending January 31, 2023. Investors can access the webcast at www.hp.com/investor/2023Q1Webcast. A replay will be available shortly after the call and will remain accessible for about a year. HP is recognized globally for its innovative technology solutions, operating in over 170 countries and focusing on personal computing, printing, and gaming.