HP reports supplies revenues down 7%

HP reports supplies revenues down 7%

HP Inc. and its subsidiaries announced fiscal 2020 first quarter net revenue of $14.6 billion (€13.46 billion), down 0.6% from the prior-year period. HP reports that Personal Systems net revenue was up 2% year-over-year with a 6.7% operating margin. Commercial net...
HP in another Class Action lawsuit

HP in another Class Action lawsuit

Kessler Topaz Meltzer & Check, LLP announced it has filed a shareholder Class Action lawsuit against HP Inc. for violations of federal securities laws. The law firm of Kessler Topaz Meltzer & Check, LLP announced that the firm has filed a securities fraud...
HP fights back

HP fights back

The Board of Directors of HP Inc. adopted a shareholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of HP common stock. The Board adopted the rights plan following the announcement by Xerox Holdings...
All quiet on the HP front

All quiet on the HP front

The company has announced that it wants its shareholders to have the full picture before it responds to Xerox’s latest offer. HP Inc. will present a live audio webcast of a conference call to review financial results for the first fiscal quarter ended 31 January 2020...
IDC MarketScape names HP a leader

IDC MarketScape names HP a leader

HP has been named a leader in the IDC MarketScape: Worldwide Security Solutions and Services Hardcopy 2019-2020 Vendor Assessment. The report recognised HP’s holistic approach to cybersecurity across its Print and PC businesses, the OEM explained. More than 7.9...