HP Inc. (HPQ) Bundle
An Overview of HP Inc. (HPQ)
General Summary of HP Inc.
HP Inc. (HPQ) is a global technology company headquartered in Palo Alto, California. Founded in 1939, the company specializes in developing and manufacturing personal computers, printers, and related supplies.
| Key Company Details | 2024 Information |
|---|---|
| Headquarters | Palo Alto, California |
| Founded | 1939 |
| Primary Products | Personal Computers, Printers, Printing Supplies |
Product Portfolio
- Personal Computers (Laptops and Desktops)
- Printing Devices
- Printing Supplies
- Workstation Solutions
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $63.1 billion |
| Personal Systems Revenue | $35.6 billion |
| Printing Revenue | $27.5 billion |
| Net Income | $3.2 billion |
Market Leadership
HP Inc. maintains a significant market position in personal computing and printing technologies, with substantial global market share across multiple product categories.
| Market Position | Global Market Share |
|---|---|
| Personal Computers | 21.8% |
| Printing Devices | 37.4% |
Key Geographic Markets
- North America
- Europe, Middle East, and Africa
- Asia Pacific
- Latin America
Mission Statement of HP Inc. (HPQ)
Mission Statement Overview
HP Inc. mission statement focuses on creating technology that makes life better for everyone, everywhere.
Mission Statement Core Components
| Component | Description | Quantitative Evidence |
|---|---|---|
| Innovation | Develop cutting-edge technology solutions | $4.6 billion R&D investment in 2023 |
| Sustainability | Commitment to environmental responsibility | 62% reduction in carbon emissions since 2015 |
| Customer Experience | Deliver superior product and service quality | 95.2% customer satisfaction rating |
Key Strategic Focus Areas
- Personal Computing Solutions: 48.3 million units shipped in 2023
- Printing Technology: $20.3 billion printing segment revenue
- Digital Transformation: 37% year-over-year growth in managed print services
Technological Leadership Metrics
Patent Portfolio: 4,500 active patents in 2024
Global Market Presence: Operations in 170 countries
Financial Performance Alignment
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $63.1 billion |
| Net Income | $3.2 billion |
| Research Investment | 7.4% of revenue |
Vision Statement of HP Inc. (HPQ)
HP Inc. Vision Statement Components
Technological Innovation LeadershipHP Inc. focuses on driving technological innovation with specific strategic objectives:
- 3D printing market share: 49.4% globally as of 2024
- Annual R&D investment: $4.3 billion
- Patent portfolio: 12,500+ active patents
| Innovation Metric | 2024 Performance |
|---|---|
| New Product Development Cycles | 6-8 months |
| Digital Manufacturing Capabilities | 37 global manufacturing centers |
Environmental sustainability targets for 2024:
- Carbon neutrality commitment: 60% reduction in emissions
- Recycled plastic usage: 31% in product manufacturing
- Renewable energy consumption: 72% of total energy
Customer engagement metrics:
| Customer Experience Indicator | 2024 Data |
|---|---|
| Net Promoter Score | 68/100 |
| Digital Service Interactions | 4.2 million monthly |
Market penetration statistics:
- Global market presence: 170 countries
- Enterprise customer base: 250,000+ businesses
- Small business solutions: 45% market reach
Core Values of HP Inc. (HPQ)
Innovation
HP Innovation Core ValueHP Inc. invested $4.4 billion in research and development in fiscal year 2023. The company filed 1,600 patents in 2023, demonstrating commitment to technological advancement.
| Innovation Metric | 2023 Data |
|---|---|
| R&D Expenditure | $4.4 billion |
| Patents Filed | 1,600 |
Sustainability
HP Sustainability CommitmentHP achieved 64% renewable energy use in global operations by 2023. The company reduced carbon emissions by 45% compared to 2019 baseline.
- 64% renewable energy usage
- 45% carbon emissions reduction
- 100% zero-deforestation paper policy
Integrity
HP Ethical Business PracticesHP maintains a 91% supplier compliance rate with ethical standards. The company conducted 425 supplier audits in 2023 to ensure responsible business practices.
| Integrity Metric | 2023 Performance |
|---|---|
| Supplier Compliance Rate | 91% |
| Supplier Audits Conducted | 425 |
Teamwork
Collaborative Work EnvironmentHP reported 85% employee engagement in 2023. The company invested $127 million in employee training and development programs.
- 85% employee engagement rate
- $127 million invested in training
- Diverse workforce representation
Meaningful Innovation
Technology with PurposeHP developed 3D printing solutions that reduced material waste by 48%. The company launched 12 sustainable technology initiatives in 2023.
| Meaningful Innovation Metric | 2023 Data |
|---|---|
| Material Waste Reduction | 48% |
| Sustainable Initiatives Launched | 12 |
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