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HP
HP

-6.84%

IT / Information Technology and Services


Company at a Glance

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Overview
HP (Hewlett-Packard) is a multinational technology company based in Palo Alto, California. The company was founded in 1939 by Bill Hewlett and David Packard and started out in a small garage, producing electronic test equipment. Over the years, HP has expanded into various areas of technology including personal computers, printers, software, and services.
Today, HP is one of the largest and most influential technology companies in the world, with operations in over 170 countries. The company is known for its innovative products and services, including its line of popular consumer and business laptops, desktops, and printers.
In addition to its consumer products, HP also offers a range of solutions for businesses, including cloud computing, networking, and security services. HP has also made significant contributions to the development of open source software and has a strong commitment to sustainability and corporate social responsibility.
The company has faced challenges in recent years, including a split into two separate entities in 2015, but continues to be a leading player in the technology industry with plans for future growth and innovation.
What is special about the company?
1. Innovation and Technology: HP is known for its continuous innovation and cutting-edge technology. The company has a strong focus on research and development, resulting in the production of innovative products and solutions in areas such as computers, printers, and enterprise solutions.
2. Diversity and Inclusion: HP has a diverse workforce with employees from different backgrounds, cultures, and experiences. The company has a strong commitment to diversity and inclusion, recognizing the value of different perspectives and ideas in driving innovation and success.
3. Sustainable Practices: HP is committed to sustainability and has set ambitious goals to reduce its environmental impact. The company has implemented a number of eco-friendly practices in its operations, products, and supply chain.
4. Global Presence: With operations in over 170 countries, HP has a global presence and a strong brand recognition worldwide. This allows the company to cater to diverse markets and customers, making it a leader in the tech industry.
5. Corporate Social Responsibility: HP is committed to making a positive impact on society and the environment through its corporate social responsibility initiatives. The company has programs focused on education, human rights, and environmental sustainability.
6. Customer-Centric Approach: HP puts its customers at the center of everything it does. The company focuses on understanding the needs and preferences of its customers and provides a wide range of products and solutions to meet their specific requirements.
7. Strong Partnerships: HP has strong partnerships with other companies, universities, and organizations, which enables it to collaborate and drive innovation in various fields. The company also has strategic alliances to expand its global reach and customer base.
8. Reputation for Quality: HP has built a strong reputation for quality and reliability over the years. Its products and services are known for their high quality, performance, and durability, making HP a trusted brand among consumers and businesses.
9. Strong Employee Culture: HP values its employees and has a strong employee culture that promotes teamwork, collaboration, and transparency. The company offers various training and development programs to help employees grow and reach their full potential.
10. Adaptability and Resilience: HP has shown its adaptability and resilience in the face of tough economic conditions and industry changes. The company has consistently evolved and diversified its business to stay relevant and successful in the ever-changing tech landscape.
What the company's business model?
The HP company's business model is centered around providing innovative technology solutions, products, and services to consumers, small and medium businesses, and large enterprises. This includes devices such as laptops, desktops, printers, and accessories, as well as software and services such as cloud computing and security solutions. HP also has a strong focus on sustainability and social responsibility in its operations and products. The company generates revenue through the sale of its products and services, as well as through partnering with other companies and licensing its technology. HP also has a significant presence in the B2B market, working with businesses to provide customized solutions and services.
Interesting facts about the company
1. HP was founded in a one-car garage in Palo Alto, California in 1939 by Bill Hewlett and Dave Packard. The company was originally called the Hewlett-Packard Company but changed its name to just HP in 2015.
2. HP’s first product was an audio oscillator, used to test sound equipment.
3. The company’s first major customer was Walt Disney Studios, who purchased eight of HP’s audio oscillators for the production of the film Fantasia in 1940.
4. One of HP’s most iconic products was the HP 35, the world’s first handheld scientific calculator. It was introduced in 1972 and sold for $395.
5. HP has been a leader in innovation, developing the first desktop laser printer in 1984 and the first inkjet printer in 1988.
6. In 1997, HP became the first company in the world to sell a billion-dollar computer.
7. The company has a strong commitment to sustainability and has been ranked as the world’s most sustainable computer company by Corporate Knights for five consecutive years.
8. HP has also been a leader in diversity and inclusion, earning a perfect score on the Human Rights Campaign’s Corporate Equality Index for 15 consecutive years.
9. In 2015, HP split into two separate companies: HP Inc., which focused on personal computers and printers, and Hewlett Packard Enterprise, which focused on enterprise technology solutions.
10. HP is known for its philanthropic efforts, donating millions of dollars and thousands of volunteer hours to various causes around the world, including education, environmental conservation, and disaster relief.
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