Hp Inc Stock Price, News & Analysis

HP reported a strong fiscal 2021 with GAAP diluted EPS of $5.33, exceeding guidance, and a 12.1% increase in net revenue to $63.5 billion. The fourth quarter saw net revenue rise 9.3% year-over-year, reaching $16.7 billion, with GAAP diluted EPS at $2.71. Operational cash flow totaled $6.4 billion, yielding a free cash flow of $4.2 billion. HP returned $7.2 billion to shareholders through repurchases and dividends. For Q1 FY2022, EPS guidance is between $0.92 and $0.98.

HP Inc. has entered a strategic agreement with IWCO Direct for a multi-million-dollar investment in seven HP PageWide Web Presses. This initiative is part of a broader $50 million investment aimed at enhancing IWCO Direct's performance marketing capabilities using advanced digital printing technology by 2023. The new presses will enable faster, high-quality direct mail production, leveraging HP’s innovative inkjet technology. This collaboration highlights HP's role in driving the shift to digital solutions in marketing communications.

HP Inc. has appointed Kim K.W. Rucker to its board of directors, enhancing leadership diversity and expertise. Rucker previously served as executive vice president and general counsel at Andeavor, which was acquired by Marathon Petroleum. She also held similar roles at Kraft Foods Group and is on several other boards, including Marathon Petroleum and Celanese Corporation. Rucker's extensive experience in corporate governance is expected to bolster HP's strategic growth priorities. The HP Board is recognized for its diversity, reflecting the company's commitment to inclusive leadership.

HP Inc. has announced a cash dividend of $0.25 per share, reflecting a 29% increase from the previous dividend. This marks the first dividend of fiscal year 2022, payable on January 5, 2022, to stockholders of record by December 8, 2021. With approximately 1.1 billion shares of common stock outstanding, this decision is likely to enhance shareholder confidence and returns.

HP Inc. has launched HP xRServices powered by Microsoft HoloLens 2, revolutionizing customer support for industrial printers. This collaboration offers real-time, mixed reality troubleshooting, enhancing operational efficiency. Features include faster repair times, less need for face-to-face meetings, and step-by-step guidance for users. Compatible with all HP Industrial Printers, this innovative service aims to minimize downtime and uphold productivity. Currently in beta with select customers, HP is committed to redefining service delivery in the printing industry.

HP Inc. has launched new solutions focused on enhancing remote collaboration for hybrid work environments. The integration of Z by HP, NVIDIA Omniverse™ Enterprise, and Teradici CAS aims to streamline workflows and improve accessibility for high-performance computing tasks. The subscription package, priced at $240 per user, offers comprehensive tools for remote work, including access to cloud and virtual machines. Additionally, HP has partnered with Microsoft to optimize data science workflows through the Windows Subsystem for Linux 2, allowing seamless use of Ubuntu environments on Windows.

HP Inc. (NYSE: HPQ) has announced a live audio webcast scheduled for November 23, 2021, at 4:30 p.m. ET, to discuss its financial results for the fourth fiscal quarter ending October 31, 2021. Investors and interested parties can access the webcast on the HP investor relations website. A replay will be available shortly after the call for one year. The company aims to enhance lives through its technology offerings, including personal systems, printers, and 3D printing solutions.

HP Inc. introduces the new ENVY Inspire with HP+, designed for families' hybrid lifestyles. This versatile printer offers features like 6 months of Instant Ink and an extra year of warranty. Built with sustainability in mind, it uses over 45% recycled plastic. Notably, the ENVY Inspire enables custom two-sided photo printing, making it ideal for families looking to commemorate occasions. Approximately 72% of families plan to spend more on travel in 2022, enhancing the printer's relevance. Launching first in the US, further models will follow.