HP Inc.

This article is about the 2015 successor of Hewlett-Packard. For the 1939 predecessor company, see Hewlett-Packard. For other uses, see HP (disambiguation).
Not to be confused with hap Inc..

HP Inc.
Company typePublic
IndustryInformation technology
PredecessorHewlett-Packard
FoundedJuly 2, 1939; 85 years ago (1939-07-02) as Hewlett-Packard, November 1, 2015; 9 years ago (2015-11-01)
FounderBill Hewlett

David Packard

(in 1939)
Headquarters
Palo Alto, California
,
U.S.
Area served
Worldwide
Key people
Products
RevenueDecrease US$53.72 billion (FY23)
Decrease US$3.456 billion (FY23)
Decrease US$3.263 billion (FY23)
Total assetsDecrease US$37.00 billion (FY23)
Total equityNegative increase US$−1.07 billion (FY23)
OwnerBerkshire Hathaway (11.82%)
Number of employees
c. 58,000 (FY23)
DivisionsHP Labs
SubsidiariesList of subsidiaries
Websitehp.com
Footnotes / references
Financials as of fiscal year ended October 31, 2023.
References:[1]

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. It was formed on November 1, 2015, as the legal successor of the original Hewlett-Packard after the company's enterprise product and business services divisions were spun off as a new publicly traded company, Hewlett Packard Enterprise.[2]

HP is listed on the New York Stock Exchange and is a constituent of the S&P 500 Index. As of 2024, it is the world's second-largest personal computer vendor by unit sales after Lenovo and ahead of Dell.[3] In the 2023 Fortune 500 list, HP is ranked 63rd-largest United States corporation by total revenue.[4]

  1. ^ "HP Inc. Fiscal 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. December 18, 2023.
  2. ^ 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.
  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. ^ "Fortune 500". Fortune. June 5, 2023. Retrieved October 23, 2023.