News Highlights HP introduces new partner benefits including new AI MasterClass training & certification programUnveils industry's largest potfolio of AI PCs: HP Elite and Z by HP PCs, plus new Poly Studio E360Harnesses enterprise quality color printing to power SMBs with the Color LaserJet Pro 3000 seriesAnnounces managed & digital services like HP WEX™, HP's first AI-enabled digital experience platform LAS VEGAS, March 07, 2024 (GLOBE NEWSWIRE) -- HP Inc. (NYSE:HPQ) today concluded the Amplify™ Partner Co ...

News Highlights: Introduces WEX™, HP's first AI-enabled digital experience platformAnnounces new programs to extend the life of devices and to accelerate a circular economyUnveils new Managed Services offerings with tools and support needed for successIntroduces new, simplified support packages for HP Support Services (formerly HP Active Care) LAS VEGAS, March 07, 2024 (GLOBE NEWSWIRE) -- Today at the Amplify Parter Conference 2024, HP Inc. (NYSE:HPQ) announced new and enhanced services and solutions that d ...

News Highlights: New Color LaserJet Pro 3000 series brings HP's premium color printing to the SMB audience.Sustainable TerraJet toner technology extended to 3000 series with vivid color and fast printing.Laser portfolio earned A4 Line of the Year from Keypoint Intelligence. LAS VEGAS, March 07, 2024 (GLOBE NEWSWIRE) -- Today at HP Amplify Partner Conference 2024, HP Inc. (NYSE:HPQ) announced the new HP Color LaserJet Pro 3000 series, the latest addition to its world-class office print portfolio. Designed fo ...

News Highlights HP introduces the industry's largest portfolio of AI PCs1, featuring new HP Elite PCs, the world's most advanced business laptops for collaboration,2 and Z by HP mobile workstations to unlock new levels of productivity and creativity.HP announces the AI Creation Center, the world's most comprehensive workstation solution for AI development3, including Z by HP AI Studio co-engineered with NVIDIA NGC libraries, enabling AI creation.HP expands the industry's broadest portfolio of certified conf ...

News Highlights HP launches an industry-first with new Future Ready AI MasterClass, powered by HP UniversityUnveils new partner benefits including Growth Play for AI Data ScienceEvolves membership track through simplified architectureExpands sustainability initiative, Amplify Impact, to Distribution Partners and nearly 50 countries LAS VEGAS, March 06, 2024 (GLOBE NEWSWIRE) -- Today at the Amplify Partner Conference, HP Inc. (NYSE:HPQ) announced new groundbreaking benefits aimed at accelerating partner grow ...

HP Inc. (NYSE:HPQ) Morgan Stanley Technology, Media and Telecom Conference March 4, 2024 11:00 AM ET Company Participants Enrique Lores - CEO Conference Call Participants Erik Woodring - Morgan Stanley Enrique Lores [Starts Abruptly] And we continue to think that the second half will be stronger, driven from the consumer side on stronger seasonality that we see every year and then some recovery on the commercial side, driven especially by window refresh age of the installed base that we know what we expect ...

HP Inc. (NYSE:HPQ) Morgan Stanley Technology, Media and Telecom Conference March 4, 2024 11:00 AM ET Company Participants Enrique Lores - CEO Conference Call Participants Erik Woodring - Morgan Stanley Enrique Lores [Starts Abruptly] And we continue to think that the second half will be stronger, driven from the consumer side on stronger seasonality that we see every year and then some recovery on the commercial side, driven especially by window refresh age of the installed base that we know what we expect ...

News Highlights HP hosts >1500 commercial, alliance and distribution partners representing 95 countriesLatest cutting-edge innovation to be displayed throughout 30,000 square foot showcaseTwo-day immersive event features keynote sessions from top tier Alliance Partner CEOs LAS VEGAS, March 04, 2024 (GLOBE NEWSWIRE) -- On March 5 – 7, 2024, HP Inc. (NYSE:HPQ) will host its HP Amplify Partner Conference in Las Vegas. The theme, Future Ready – United We Win – will explore the convergence of hybrid systems and ...

IT之家 3 月 1 日消息，惠普近日在美国推出一种全新的打印订阅解决方案，用户不再需要购买打印机或墨盒，每月最低只需要支付 6.99 美元，就能获得“一条龙”打印解决方案。 该订阅计划共有 3 个档位，用户每月支付 6.99 美元（IT之家备注：当前约 50 元人民币），可以选择一台惠普 Envy 家用打印机；每月支付 8.99 美元（当前约 65 元人民币），会提供一台用于混合工作环境的更先进的 Envy Inspire 打印机；而每月支付 12.99 美元（当前约 94 元人民币），会提供一台 HP OfficeJet Pro 打印机。 所有计划都包括在墨水用完之前自动交付墨水，以及 24/7 全天候客户服务。如果惠普不能通过电话解决问题，他们会在下一个工作日尽快寄出一台新打印机。用户还可以选择在两年后升级到新打印机。 不过这项订阅服务对每月打印页数有限制。以每月 6.99 美元的计划为例，每月可以免费打印 20 页，但只要多付两美元，每月打印页数就可以增加到 50 页。 如果按照最顶级计划计算，每月支付 60.99 美元，可以打印 1500 页。任何计划都可以增加打印页数，未使用的打印页数可以滚动使 ...

Financial Data and Key Metrics Changes - The company reported net revenue of $13.2 billion for Q1 2024, down 4% year-over-year and 5% in constant currency, indicating a continued decline in revenue but at a slowing rate for the third consecutive quarter [8][22][24] - Non-GAAP operating profit dollars grew by 5% year-over-year, with non-GAAP EPS increasing by 11%, reflecting effective cost management and operational efficiencies [9][22][24] - Gross margin improved to 21.9%, up 1.7 points year-over-year, primarily due to better commodity and logistics costs [24] Business Line Data and Key Metrics Changes - Personal Systems revenue was $8.8 billion, down 4% year-over-year, but the company gained market share in premium workstations and gaming segments [16][25][27] - Print revenue was $4.4 billion, down 5% year-over-year, driven by hardware revenue decline of 19% due to weak demand in China and aggressive pricing competition [18][27] - Instant Ink revenue and subscribers continued to grow year-over-year, with total subscribers exceeding 13 million [28] Market Data and Key Metrics Changes - In the Americas, revenue declined by 7%, while EMEA declined by 2%, and APJ also saw a 7% decline, with China being a significant factor in the softness [23][24] - The company noted stabilization signs in the SMB and education markets, but a slowdown in U.S. enterprise and federal sales was observed, particularly in January [15][19] Company Strategy and Development Direction - The company is focused on a future-ready plan aimed at achieving $1.6 billion in gross annual run rate structural cost savings by fiscal year 2025, with approximately 30% expected in FY 2024 [9][29] - There is a strong emphasis on innovation, particularly in AI, with new product categories and digital services being developed [10][11][12] - The company is shifting more offerings to subscription models, enhancing customer engagement and satisfaction [12][65] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about a stronger second half of fiscal year 2024, driven by expected recovery in commercial demand and traditional seasonality in consumer markets [19][41] - The company anticipates that the overall PC market will grow in low-single digits in 2024, with expectations to grow at least in line with the market [16][35] - Management acknowledged ongoing macroeconomic challenges but remains focused on disciplined execution and cost management [22][32] Other Important Information - The company resumed share repurchases in Q1, returning approximately $775 million to shareholders, including $500 million in share repurchases and $275 million in dividends [19][32] - HP ranked number 13 on the list of America's most just companies, reflecting its commitment to sustainable impact and innovation [14] Q&A Session Summary Question: Expectations for the year and geographic performance - Management expects a stronger second half driven by recovery in commercial space and traditional seasonality in consumer markets [40][41] Question: Share gains in print despite aggressive pricing - Share gains attributed to a complete product lineup and operational improvements in specific regions [44] Question: Concerns about print margins in the second half - Management expects print margins to be at the high end of the range, driven by mix improvements and cost management [47][49] Question: Key drivers for AI-enabled PCs - Key drivers include delivering hardware, supporting applications, and training for customers and sales teams [51] Question: Factors impacting supplies performance - Supplies performance influenced by share management, pricing adjustments, and a favorable comparison to the previous year [57] Question: Recovery in the commercial space - Recovery expected due to stability in SMB and education markets, along with a positive impact from the Windows refresh cycle [60] Question: Industrial graphics business momentum - Positive momentum noted in labels and packaging, with expectations for growth following the upcoming major printing event [74]