HP revenue 1998-2023

In 2023, HP generated approximately 53.7 billion U.S. dollars in revenue, a decrease of nearly ten billion U.S. dollars from the prior year period.

HP Inc - additional information

Formed on November 1, 2015, HP Inc is an American technology company that was created in the break-up of the IT giant Hewlett-Packard Company. The history of the Hewlett Packard name extends back to 1935, when William Hewlett and David Packard founded the company in their garage. Since its foundation, HP has perhaps become best known as one of the world's leading manufacturers of personal computers, and in more technical circles the company holds a reputation for producing servers, storage devices, and networking equipment, as well as providing variety of IT services for both consumers and enterprises. Despite being split in two, both halves of HP remain multi-billion dollar companies, with HP Inc still employing close to 300 thousand people worldwide and generating net earnings of around 5 billion U.S. dollars.

HP Inc kept the personal computer segment of HP Co. While time will tell whether this has any great impact on the quality or reputation of the HP brand - which currently ranks as one of the most valuable brands worldwide - the HP Inc's market share appears to be so far unaffected. The company has consistently maintained a share between 15 and 20 percent, at least as far back as 2011 and remains a major player in the global PC market. In addition to its success in the PC segment, the company also retains a healthy share of sales of consumer and commercial printer hardware, supplies, media and scanning devices.