Hp Inc Stock Price, News & Analysis

HP Inc. has announced the commercial availability of its new Metal Jet S100 solution for mass production of high-quality 3D printed metal parts. This development aims to transform industries such as medical, automotive, and consumer goods. HP's innovative technology boasts significant advantages, including increased productivity, improved customer economics, and higher part quality. Schneider Electric is collaborating with HP to explore new applications for digital manufacturing that focus on sustainability and efficiency. The global manufacturing market is projected to reach around $12 trillion as 3D printing technology advances.

HP Inc. (NYSE: HPQ) has announced the expiration of its Exchange Offer for Plantronics, Inc. (Poly) notes, which ended on August 31, 2022. Eligible holders of Poly Notes tendered $491.1 million for new HP Notes, with a settlement date set for September 1, 2022. Each $1,000 of Poly Notes tendered will be exchanged for an equal amount of HP Notes, plus a cash consent payment for early participants. The offer was part of HP's strategy following its acquisition of Poly, completed on August 29, 2022, and was conditioned on that acquisition.

HP (NYSE: HPQ) reported Q3 FY2022 GAAP diluted EPS of $1.08, surpassing expectations of $0.91 to $0.96. Non-GAAP diluted EPS was $1.04, in line with guidance. Net revenue was $14.7 billion, a 4.1% decline year-over-year. Cash provided by operations dropped 64% to $0.4 billion, while free cash flow fell 72% to $0.3 billion. HP returned $1.3 billion to shareholders through dividends and share repurchases. For Q4, GAAP EPS is projected at $0.44 to $0.54 amid acquisition-related charges.

HP Inc. has successfully acquired Poly, a leading global provider of workplace collaboration solutions, for $3.3 billion in an all-cash transaction. This merger aims to enhance HP's portfolio in hybrid work solutions, driving long-term growth and value. The acquisition is expected to be accretive to HP's revenue, non-GAAP operating profit, and EPS in fiscal year 2023. HP foresees significant opportunities in the combined offerings, particularly in the areas of peripherals and workforce solutions, which present substantial market growth potential.

HP Inc. Unveils Innovation Agenda at Amplify Executive Forum

HP Inc. (NYSE: HPQ) launched a series of innovative products and solutions aimed at enhancing partner growth during the HP Amplify Executive Forum in Palo Alto. Key announcements include the HP Dragonfly Folio G3, HP 34” All-in-One Desktop PC, and HP Z32k G3 4K USB-C Display, all designed to support hybrid work environments. Additionally, HP introduced enhancements to its partner program, Amplify, which has already driven over $6 billion in revenue growth. The roadmap reflects HP's commitment to innovation and operational excellence.

HP Inc. has announced enhancements to its HP Amplify program, focusing on collaboration, training, and sustainability. Key highlights include:

• Expansion of HP Amplify Data Insights for actionable customer insights.
• Global scaling of the Amplify Impact sustainability program.
• Launch of annual Amplify Impact awards to recognize partner efforts.
• Introduction of HP Curiocity, a new training platform for partners.

These initiatives aim to bolster partner engagement and drive significant revenue growth, as partners contributed over $6 billion in revenue last year.

HP Inc. (NYSE: HPQ) launched HP Instant Ink for Small Business and the LaserJet Pro with HP+ to enhance productivity for small business owners. Over 80% of small businesses rely on printing, yet 55% lack time to manage it. The new service offers automated toner delivery for multiple printers, simplifying management through a Smart Admin Dashboard. The LaserJet Pro series provides high-speed printing with advanced security features. These innovations aim to save time, reduce costs, and support environmental sustainability with easier cartridge recycling.

HP Inc. (HPQ) unveiled new commercial products at the HP Amplify Executive Forum, aimed at enhancing hybrid work environments. Key highlights include the HP Dragonfly Folio G3, a convertible laptop-tablet, and the HP 34” All-in-One Desktop PC, optimized for dual video streaming. The HP Z32k G3 4K Display offers advanced color accuracy with IPS Black technology, and the HP 965 4K Streaming Webcam provides high-quality remote conferencing experiences. Pricing starts at $2,379 for the Dragonfly Folio G3, with availability for other products expected soon.

HP Inc. (NYSE: HPQ) has updated the timing for its upcoming conference call to discuss Q3 financial results for the fiscal year ending July 31, 2022. The call is now scheduled for August 30, 2022, at 5:30 p.m. ET / 2:30 p.m. PT. The call will be accessible via a live audio webcast, with a replay available on HP's investor relations website for one year.

HP Inc. focuses on personal systems, printers, and 3D printing solutions, emphasizing the transformative power of thoughtful innovation.