History and Company Overview
- HP Inc. was formed on November 1, 2015, as the legal successor of the original Hewlett-Packard.
- It was created after the company's enterprise product and business services divisions were spun off as a new publicly traded company called Hewlett Packard Enterprise.
- Hewlett-Packard was founded in 1939 by Bill Hewlett and David Packard in Palo Alto, California.
- The company started in the HP Garage.
- On November 1, 2015, Hewlett-Packard changed its name to HP Inc. and spun off Hewlett-Packard Enterprise as a separate company.
- HP Inc. is an American multinational information technology company.
- It is headquartered in Palo Alto, California.
- The company develops personal computers (PCs), printers, and related supplies.
- HP Inc. also offers 3D printing solutions.
- HP Inc. is listed on the New York Stock Exchange and is a constituent of the S&P 500 Index.
Acquisitions and Partnerships
- In May 2016, HP introduced a new PC gaming sub-brand called Omen.
- In November 2017, HP acquired Samsung Electronics' printer division for $1.05 billion.
- In February 2021, HP announced the acquisition of Kingston's gaming division HyperX for $425 million.
- In February 2022, HP acquired the packaging development company Choose Packaging.
- In March 2022, HP announced the acquisition of communications software and hardware provider Poly Inc.
Attempted Merger with Xerox
- In November 2019, Xerox contemplated acquiring HP.
- HP rejected two unsolicited offers from Xerox.
- Xerox raised its bid to $24 per share in February 2020.
- HP instituted a shareholder rights plan to fend off Xerox's pursuit of a hostile takeover.
- In March 2020, Xerox rescinded its bid to buy HP Inc.
Products and Operations
- HP develops personal computers (PCs), printers, and related supplies.
- In fiscal year 2022, HP's total revenue was $63 billion.
- Over 65% of HP's revenue in 2022 came from customers outside of the United States.
- In March 2015, HP announced a partnership with Bang & Olufsen for premium audio.
- HP's revenue breakdown includes sales from notebook computers, desktop computers, printer supplies, commercial printers, and consumer printers.
Carbon Footprint and Sustainability
- HP reported Total CO2 emissions (Direct + Indirect) for the twelve months ending December 31, 2020, at 254 Kt (−34 /-11.8% y-o-y).
- HP plans to reduce emissions by 60% by 2025 from a 2015 base year.
- The target is aligned with the Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.
- HP aims to achieve net zero greenhouse gas emissions across its value chain by 2040.
- The company's Supplies business aims to achieve carbon neutrality by 2030.
HP Inc. is an American multinational information technology company headquartered in Palo Alto, California, that develops personal computers (PCs), printers and related supplies, as well as 3D printing solutions. It was formed on November 1, 2015, as the legal successor of the original Hewlett-Packard after the company's enterprise product and business services divisions were spun off as a new publicly traded company, Hewlett Packard Enterprise.
 | |
 HP's headquarters in Palo Alto, California, in 2013 | |
| Type | Public |
|---|---|
| Industry | Information technology |
| Predecessor | Hewlett-Packard |
| Founded | July 2, 1939 as Hewlett-Packard, November 1, 2015, |
| Headquarters | , |
Area served | Worldwide |
Key people |
|
| Products | |
| Revenue |  US$62.98 billion (2022) |
| US$4.68 billion (2022) | |
| US$3.20 billion (2022) | |
| Total assets | US$38.59 billion (2022) |
| Total equity | US$−2.92 billion (2022) |
Number of employees | 58,000 (2022) |
| Divisions | HP Labs |
| Subsidiaries | List of subsidiaries |
| Website | www |
| Footnotes / references | |
HP is listed on the New York Stock Exchange and is a constituent of the S&P 500 Index. It is the world's 2nd-largest personal computer vendor by unit sales as of January 2021, after Lenovo. In the 2023 Fortune 500 list, HP is ranked 63rd-largest United States corporation by total revenue.
