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The Hewlett-Packard Company, commonly shortened to Hewlett-Packard (/ ˈ h juː l ɪ t ˈ p æ k ər d / HEW-lit PAK-ərd) or HP, was an American multinational information technology company.
Following HP's acquisition of Compaq in 2002, this series of notebooks was discontinued, replaced with the HP Pavilion, HP Compaq, and Compaq Presario notebooks. The OmniBook name would later be repurposed for a line of consumer-oriented notebooks in 2024, made to complement (and supersede) the Pavilion and Spectre series of notebooks.
HP's first quarter fiscal 2024 net revenue was $13.2 billion, representing a 4.4% decrease (4.9% in constant currency) year-over-year. [30] [31] HP's strong operating activities in the first quarter of fiscal 2024 generated $121 million in net cash. The company also reported a positive free cash flow of $25 million for the quarter.
HP has also introduced its competing "Instant Ink" service. The service allows its customers to click a button when they are running low on ink, and HP will automatically send the company more ink. This service is in direct competition with Amazon Dash buttons, which order a product whenever the button is pushed.
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All-in-one inkjet printers from HP under the DeskJet brand have also been produced, starting with the HP DeskJet F380 printer/scanner/copier, introduced in 2006, using HP Vivera ink, which offered print speeds of up to 20 ppm in black-and-white, and 14 ppm in color. HP continues to sell various printers under the DeskJet moniker.
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