HP Inc.

HP Inc.
Company typePublic
IndustryInformation technology
PredecessorHewlett-Packard
FoundedJuly 2, 1939 (1939-07-02) as Hewlett-Packard, November 1, 2015 (2015-11-01)
Founders
HeadquartersStanford Research Park, ,
U.S.
Area served
Worldwide
Key people
Products
RevenueDecrease US$53.56 billion (2024)
Increase US$3.818 billion (2024)
Decrease US$2.775 billion (2024)
Total assetsIncrease US$39.91 billion (2024)
Total equityDecrease US$−1.32 billion (2024)
OwnerBerkshire Hathaway (5.2%)[1]
Number of employees
c. 58,000 (2024)
DivisionsHP Labs
SubsidiariesList of subsidiaries
Websitehp.com
Footnotes / references
Financials as of October 31, 2024.[2]

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 services. Founded in 2015 as the successor of the original Hewlett-Packard, HP Inc. is the world's second-largest personal computer vendor by unit sales after Lenovo and ahead of Dell, as of 2024.[3]

The company was formed on November 1, 2015, as the legal successor of the original Hewlett-Packard Company after the company's enterprise product and business services divisions were spun off as a new publicly traded company, Hewlett Packard Enterprise.[4] HP is listed on the New York Stock Exchange and is a constituent of the S&P 500 Index. In the 2023 Fortune 500 list, HP is ranked 63rd-largest United States corporation by total revenue.[5]

  1. ^ Li, Yun (December 11, 2023). "Warren Buffett's Berkshire Hathaway continues to sell HP shares, reducing stake to 5.2%". CNBC.
  2. ^ "HP Inc. FY 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. December 13, 2024.
  3. ^ "Gartner Says Worldwide PC Shipments Increased 0.3% in Fourth Quarter of 2023 but Declined 14.8% for the Year". Gartner. January 11, 2024. Retrieved January 11, 2024.
  4. ^ Darrow, Barb (October 30, 2015). "Bye-bye HP, it's the end of an era". Fortune Magazine. Archived from the original on November 12, 2019. Retrieved November 1, 2015.
  5. ^ "Fortune 500". Fortune. June 5, 2023. Retrieved October 23, 2023.

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