Company Summary
HP Inc. is the surviving entity following the November 2015 split of Hewlett-Packard Company into publicly traded entities - Hewlett Packard Enterprise Company and HP Inc.
The company is a leading global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services to individual consumers, SMBs and large enterprises, including customers in the government, health and education sectors.
Headquartered in Palo Alto, CA, HP Inc. was founded in 1939. In Europe, Middle East, Africa (EMEA), the company is headquartered in Geneva, Switzerland. In Asia Pacific, the company's headquarter is in Singapore.
HP reported net revenue of $53.7 billion in fiscal 2023. HP has three reportable segments: Personal Systems, Printing and Corporate Investments.
The Personal Systems segment (66% of FY23 Revenues) offers Commercial and Consumer desktop and notebook personal computers (PCs), Workstations, thin clients, Commercial mobility devices, retail point-of-sale (POS) systems, displays and other related accessories, software, support and services.
The Printing segment (34%) provides Consumer and Commercial printer hardware, Supplies, solutions and services, as well as scanning devices. Corporate Investments includes HP Labs and certain business incubation projects.
The Personal Systems Group competes with Lenovo, Dell, Acer, Apple, Toshiba and Samsung Electronics while the Printing segment shares space with the likes of Canon, Lexmark International, Xerox, Seiko Epson, The Ricoh Company and Brother Industries.
The company recognized 43% of its fiscal 2023 revenues from the Americas, while the EMEA and Asia-Pacific and Japan accounted for 33% and 24%, respectively.
In the past three fiscal years, Consumer PS and Commercial PS, each accounted for more than 20% of the company’s consolidated net revenue stream.
As of Oct 31, 2023, the company’s worldwide patent portfolio included more than 23,000 patents comprising the ones acquired from Samsung.
The company had approximately 58,000 employees worldwide as of Oct 31, 2023.