HP Inc.
HP Inc. Reports Q3 2024 Financial Results and Increases Share Repurchase Authorization
Summary
HP Inc. reported its fiscal 2024 third-quarter results on August 28, 2024, showing net revenue of $13.5 billion, up 2.4% year-over-year. GAAP diluted net earnings per share (EPS) was $0.65, within the provided outlook of $0.63 to $0.77. Non-GAAP diluted net EPS was $0.83, also within the outlook of $0.78 to $0.92. Additionally, HP's Board of Directors increased the share repurchase authorization to $10.0 billion. The company generated $1.4 billion in net cash provided by operating activities and returned $0.9 billion to shareholders through share repurchases and dividends.
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About HP Inc.
HP Inc. is a global leader in the development and manufacturing of computing and imaging solutions, known for its wide array of products and services. As a key player in the information technology industry, HP Inc. is renowned for its personal computers, printers, and related supplies, catering to both consumer and enterprise markets. The company's product portfolio includes laptops, desktops, ink and laser printers, and a variety of software solutions designed to enhance productivity and connectivity. HP Inc. is at the forefront of digital transformation, providing solutions that help businesses and individuals manage and process information in the digital world. The company is also involved in 3D printing and immersive computing technologies, which are emerging as critical components of the industry's future landscape. Through its vast distribution network, HP Inc. serves customers worldwide, offering both direct sales and partnerships with resellers. With a long history of innovation and adaptability, HP Inc. continues to play a significant role in shaping technology trends across various sectors, from educational institutions to large organizational enterprises.
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