Hp Inc Stock Price, News & Analysis

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.

HP Inc. (NYSE: HPQ) has announced it will hold a live audio webcast to discuss its third quarter fiscal 2024 financial results on August 28, 2024, at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be accessible at www.hp.com/investor/2024Q3Webcast. This event covers the fiscal quarter ending July 31, 2024. For those unable to attend the live event, a replay of the audio webcast will be made available on the same website shortly after the call concludes and will remain accessible for approximately one year.

HP Inc. (NYSE: HPQ) has announced new comprehensive U.S. consumer financing options for products purchased on HP.com. By partnering with ChargeAfter, Bread Financial, Concora Credit, and Koalafi, HP now offers financing to nearly every U.S. consumer across all credit tiers. Options include promotional financing for qualified buyers and lease-to-own with no credit needed.

This initiative aims to empower consumers with purchasing power for PCs, printers, and peripherals. The move responds to increased financial pressures and consumer demand for flexible payment options. HP's new financing program includes private label credit cards, buy now pay later options, non-prime credit access, and lease-to-own arrangements. The company plans to expand these options to other markets in the future.

HP Inc. has unveiled two groundbreaking AI innovations: the world's highest performance AI PC and the first integration of a trust framework into an AI model development platform. The company introduced the HP OmniBook Ultra, a 14-inch Next Gen AI PC with up to 55 TOPS of NPU performance, and enhanced Z by HP AI Studio with Galileo integration for safer AI model development. HP also announced the OmniStudio X AIO, an adaptable All-In-One Desktop PC with built-in AI features. These innovations aim to empower users across various sectors to harness AI capabilities for improved productivity, creativity, and security.

HP Inc. (NYSE: HPQ) announced that Karen Parkhill will assume the role of Chief Financial Officer on August 5, 2024. Tim Brown, the interim CFO, will return to his position as the head of Print Finance. Parkhill brings over 13 years of experience as a CFO at publicly traded companies and most recently served as Executive Vice President and CFO at Medtronic. Her extensive background includes leadership roles at JP Morgan and Comerica. HP CEO Enrique Lores praised Parkhill's expertise in finance and innovation, highlighting her role in advancing HP's Future Ready strategy. Parkhill expressed excitement about joining HP and contributing to its growth.