HP Inc. is a global technology leader that provides innovative and sustainable devices, services, and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies. The company operates in more than 170 countries. HP's core business model revolves around delivering a range of products and services to both consumers and commercial clients, focusing on areas like AI-enabled PCs and workstations, security-enhanced devices, and digital printing solutions. HP competes with major corporations and new entrants in the technology sector, emphasizing technology, innovation, performance, price, quality, reliability, brand, distribution, and sustainability.

• Employees: Approximately 58,000 (as of October 31, 2024)
• Geographic Footprint: Operates in more than 170 countries
• Headquarters: Palo Alto, California
• Founded: Not explicitly stated in the document
• Number of locations/facilities: Approximately 17.2 million square feet of space worldwide
• Revenue: $53.6 billion (FY2024)
• Market Capitalization: $27.5 billion (as of April 30, 2024, based on non-affiliate holdings)
• Key Subsidiaries/Brands: Not explicitly stated in the document

• CEO: Enrique Lores
• CFO: Karen L. Parkhill
• Chief Legal Officer: Julie Jacobs
• Global Controller: Stephanie Liebman
• President, Personal Systems: Alex Cho
• Chief People Officer: Kristen Ludgate
• Chief Commercial Officer: David McQuarrie
• President of Imaging, Printing & Solutions: Anneliese Olson

Key executives have extensive experience in the technology and finance sectors, with tenures ranging from several years to over 30 years at HP and other major companies.

• Annual Revenue: $53.6 billion (FY2024)
• Net Income: $2.8 billion (FY2024)
• Market Cap: $27.5 billion (as of April 30, 2024)
• Total Assets: $39.9 billion (as of October 31, 2024)
• Employees: Approximately 58,000 (as of October 31, 2024)
• Key Financial Highlights: Net revenue decreased by 0.3% year-over-year, while net income decreased by 15% year-over-year.

HP offers a wide range of products and services across its segments:

• Personal Systems: Desktops, notebooks, workstations (including AI PCs), thin clients, retail POS systems, displays, hybrid systems, software, endpoint security, and related services.
• Printing: Consumer and commercial printer hardware, supplies, services, and solutions, including office printing, home printing, graphics solutions, and 3D printing and personalization.

HP focuses on innovation and sustainability across all product lines, with an emphasis on security and AI capabilities.

HP operates through three reportable segments:

• Personal Systems: Offers computing devices and related services for commercial and consumer markets.
• Printing: Provides printing hardware, supplies, and solutions for home and commercial use, including graphics and 3D printing.
• Corporate Investments: Includes certain business incubation and investment projects.

Revenue breakdown by segment is available in the financial statements, with Personal Systems and Printing being the primary revenue drivers.

HP's current strategic priorities include:

• Focusing on profitable growth through innovation, market segmentation, and simplification of its portfolio.
• Enhancing innovation in multi-operating systems, multi-architecture, and customer segments.
• Investing in endpoint services and solutions, particularly subscription-based models.
• Driving innovation with AI in PCs and workstations.
• Offering intelligent printing solutions and subscription services.
• Expanding digital printing solutions for industrial graphics and 3D printing.

HP is also focused on digital transformation, portfolio optimization, and operational efficiency through its Future Ready Plan, which includes workforce reductions, platform simplification, and productivity measures.

HP operates in the highly competitive technology industry, facing strong competition from major corporations and new, rapidly growing firms. Key competitors include Acer, Apple, ASUS, Dell, Huawei, Lenovo, Microsoft, Samsung, and Toshiba in the Personal Systems segment, and Brother, Canon, Lexmark, Pantum, Seiko Epson, Ricoh, and Xerox in the Printing segment. The industry is characterized by short product life cycles, price competition, and the need for continuous innovation. HP competes on technology, innovation, performance, price, quality, reliability, brand, distribution, and sustainability.

• Strategic and Operational Risks: HP faces challenges in executing its strategic plans, developing innovative products, and adapting to changing market dynamics. The company is subject to rapid technological change and must manage its supply chain effectively.
• Supply Chain Risks: HP is heavily dependent on third-party suppliers and faces risks related to component shortages, logistics challenges, and manufacturing disruptions. There are also risks related to single-source suppliers and sourcing inventory planning.
• Competition Risks: HP operates in an intensely competitive industry and faces aggressive price competition. Competitors may offer lower prices, and HP may face declines in market share if it cannot compete effectively.
• Cybersecurity Risks: HP is exposed to cyberattacks seeking to compromise its systems and data, which could disrupt operations, reduce revenue, and damage its reputation.
• Financial Risks: HP faces risks related to economic weakness, currency fluctuations, and interest rate volatility. The company's financial performance is also subject to seasonal trends and potential impacts from climate change.