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HP

HPQ

It was the end of an era for Hewlett Packard. The 76-year old business technology giant spent the majority of 2015 undertaking one of the most complicated corporate separations in history. Although Hewlett Packard was still a massive company with annual revenue at over $100 billion, the rise of cloud computing and the weakening personal computer and printer market took a toll on Hewlett Packard, which continued to see sales decline each quarter. To better compete in the changing marketplace, CEO Meg Whitman led the effort to split the company into two separate businesses with the idea that each could better concentrate on their own specialties and react more quickly to market changes. Additionally, the technology giant announced that it would shed over 30,000 jobs before it officially split in November 2015. Now, Whitman is the CEO of Hewlett Packard Enterprise, which sells data center hardware and business software, while Dion Weisler leads printer and personal computer maker HP, Inc. Unfortunately for HPE and HP, the technology market continued its chill in early 2016 and both companies saw first quarter revenue declines.

CEO

Dion J. Weisler

Sector

Technology

Industry

Computers, Office Equipment

HQ Location

Palo Alto, CA

Years on Fortune 500 List

22

Employees

287,000

HP is also featured in these fortune lists
Company's published revenues include $52.1 billion in discontinued operations of Hewlett Packard Enterprise, spunoff on Nov. 1, 2015 (after the company's fiscal year-end) and changed name from Hewlett-Packard, Nov. 1, 2015., Figures are for fiscal year ended Oct. 31, 2015.
Key Financials (last fiscal year)
$ millions% change
Revenues ($M)$103,355-7.3%
Profits ($M)$4,554-9.2%
Assets ($M)$106,882
Total Stockholder Equity ($M)$27,768
Market Value — as of March 31, 2016 ($M)$21,272
Profit Ratios
Profit as % of Revenues4.4%
Profits as % of Assets4.3%
Profits as % of Stockholder Equity16.4%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)2.48
EPS % Change (from 2014)-5.3%
EPS % Change (5 year annual rate)-7.6%
EPS % Change (10 year annual rate)11.7%
Total Return
Total Return to Investors (2015)-38.3%
Total Return to Investors (5 year, annualized)-8.6%
Total Return to Investors (10 year, annualized)-0.2%
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Videos about HP

Fortune Live for May 5, 2016: HP Inc., Patron Tequila, and 'Captain America: Civil War'

We sit down with HP Inc. CEO Dion Weisler. And in honor of Cinco de Mayo, Patron Tequila's, Antonio Rodriguez stops by for a taste test!

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Meg Whitman: Turning Around HP Was Easier Than Running for Governor

The HP CEO sits down with Fortune's Alan Murray at At the EY Strategic Growth Forum, the to talk about her experience running for public office in California.

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Former HP exec Todd Bradley named CEO of Mozido

The former leader of HP's consumer business, Todd Bradley, sits down with Fortune's Adam Lashinsky to talk about his new role at the mobile payment company Mozido.

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