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more than two months in construction, the HP Linux Imaging and Printing three.19.3 utility and drivers are here implement guide for a bunch of recent HP printers, including HP OfficeJet seasoned All-in-One 9010, HP OfficeJet professional All-in-One 9020, HP OfficeJet All-in-One 9010, HP PageWide XL 4100 and 4600 printers, HP PageWide XL 4100 and 4600PS MFP, as well as HP colour LaserJet Managed MFP E77422a, E77422dv, E77422dn, and E77428dn.
apart from the aid for the plethora of the new HP printers mentioned above, the HP Linux Imaging and Printing three.19.3 software and drivers carry assist for some of the newest essential GNU/Linux distributions, including LinuxMint 19.1, Debian GNU/Linux 9.7, and red Hat enterprise Linux 7.6. We remind clients that the old free up added guide for Fedora 29, OpenSuSE leap 15, and Manjaro 18.0 distros.
HP’s Imaging and Printing neighborhood these days introduced the a hit completion of its center East company and commercial enterprise Roadshow. aimed toward commercial enterprise valued clientele throughout the core East place, the roadshow coated a sequence of areas for key IT, purchasing, facility and service managers, and served to customers about streamlining their printing options in addition to showcasing HP’s new offerings in the area.
The experience turned into HP’s biggest-ever rollout of multifunction printers in the region, which visited eight locations including Abu Dhabi, Dubai, Riyadh, Jeddah, Cairo, Oman, Kuwait and Qatar, with key shoppers attending from all over the place the place.
The roadshow illustrated HP’s recent introduced plans to improve its commercial enterprise imaging and printing product portfolio and method to enhance the measurement and knowledge of its sales force and to deliver shoppers with remarkable stages of provider, guidance and company perception.Thomas Vajak, commercial enterprise enterprise & sales supervisor, Imaging and Printing community, HP center East: “clients are demanding extra trade-particular offerings and vertical options that tackle essential business needs similar to enhancing processes, operational efficiencies, can charge reductions and income. HP has the proven capabilities and the capabilities to address particular IT and end-consumer challenges for the long run and we desired to reveal this very power to our customers with the assist of roadshows.”
largest multifunction printer rollout in company historyAt the roadshow, HP additionally showcased it’s new multifunction printer (MFP) lineup which provides to the HP LaserJet portfolio, offering the industry’s most comprehensive set of alternate options for each enterprise and small to mid-measurement enterprise shoppers.HP TechnologiesHP also highlighted numerous HP technologies to consumers on the roadshows including HP’s web Jetadmin, color entry handle and Award successful widely wide-spread Print Driver.
HP’s net Jetadmin platform is an internet-based print management answer that helps optimize machine utilization, control color charges, and streamline resources administration through enabling faraway configuration, monitoring, and troubleshooting of network printers and linked print infrastructure add-ons. HP color entry handle lets IT managers choose the stage of control they want, through maximizing shade value, monitoring printing via users or purposes, or even billing interior departments for color printing. With HP accepted Print Driver, a single, clever driver replaces individual drivers, which helps shop positive IT time, makes printing less complicated for end users, and in the reduction of calls to the support desk.
Key products showcased included:• HP LaserJet M3035/3027 MFP Printer sequence – A compact, low cost workteam MFP that grants up to 35ppm with notable output and a convenient stapler. This new product also contains an more suitable manage panel with an intuitive and extremely basic touch-monitor permitting handy interplay by means of visually jogging through approaches, and aiding with setup and troubleshooting.• HP LaserJet M4345 MFP Printer collection – The observe on to the industry altering 4345 MFP. optimum for workgroups, the MFP offers speedy printing and copying at as much as 43ppm not obligatory faxing and superior digital sending with paper coping with, completing and the more suitable handle panel.• HP LaserJet M5035/5025 MFP Printer collection – The huge format MFP provides comparatively cheap A4 and A3 printing and copying at as much as 35ppm, faxing and stapling alternate options, with advanced digital sending and stronger control panel.• HP LaserJet CM1015/1017 MFP –. Combining print speeds of as much as 8ppm (colour and black-and-white) with HP ImageREt 2400 technology and HP Colorsphere Toner, this reasonably-priced printer produces professional files and photo printouts with superb shades. With its small footprint, the effortless-to-use device suits readily on a computing device.HP’s additionally showcased it’s latest latitude of monochrome know-how for consumers trying to enhance workplace effectivity, and increasing the latitude of shade printing programs for consumers trying to improve the effectiveness of common office documents and advertising collateral. These consist of:• HP LaserJet P3005 Printer collection – a quick, feature-packed community able monochrome printer sequence with not obligatory two-sided printing and quick-on know-how. The series is ideal for document-intensive, small work team environments requiring tremendous printing with low maintenance.• HP colour LaserJet CP4005 Printer sequence – offering long lasting, excessive-performance colour printing with a quick first web page out because of immediate-on technology, effortless sharing and low operating charges. Designed for HP ColorSphere Toner, which provides stunningly high quality prints.
About HPHP is a know-how options company to patrons, organizations and associations globally. The enterprise’s choices span IT infrastructure, international functions, company and residential computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2006, HP profits totaled $ninety one.7 billion. more suggestions about HP (NYSE, Nasdaq: HPQ) is attainable at www.hp.com.
About HP core EastHP is the biggest expertise and options issuer in the center East with 670 employees and subsidiaries in Dubai, Abu Dhabi, Riyadh, Jeddah, Khobar, Cairo, Ramallah and Oman servicing the GCC, Egypt and the Levant. HP has been present in the core East considering 1968 and opened its first regional office in 1994. HP core East is the market chief for commercial enterprise, small and medium company and customer expertise items and offers a large portfolio of solutions and functions in numerous business domains.
extra advice about HP within the center East is accessible at www.hp.com/me
HP Wednesday observed it has entered into a definitive agreement to acquire Apogee, Europe's excellent multivendor managed print services company, as a part of its all-out can charge to increase its share of the $55 billion A3 print copier replacement market.
HP referred to the deal values U.ok.-based mostly Apogee – which has deep multivendor relationships with HP and important print companies together with Xerox, Konica Minolta, Kyocera and Canon -- at $499 million.
[Related: HP Announces First-Ever Bug Bounty Program For Printer Security]
Apogee, which has 1,000 personnel and $300 million in annual earnings, at the moment does only a small share of its managed print enterprise with HP.
HP billed the acquisition as a stream to "boldly" leverage the trade shift to contractual income as it aggressively pursues the A3 copier substitute market.
HP Imaging and Print President Enrique Lores stated the deal is a big step for HP to develop its contractual print enterprise. "we are definitely excited concerning the possibility that this deal opens for us," he mentioned in an interview with CRN. "we are able to definitely develop and speed up our growth in the contractual house."
Lores said the deal "complements" HP's broader approach and does not signal a circulation to boost the percentage of business that it takes direct. really, he referred to, HP is dedicated to becoming its channel company as a percentage of complete income beyond the present virtually 90 percent mark.
"We remain fully committed to our channel companions; close to ninety p.c of the business is completed through the channel and our plan is to proceed to grow that," stated Lores. "The companions should still see this as a way for us to display our commitment to develop and boost our business within the contractual area. They may still now not see this as a chance. They should see this as a complement to the method we have been putting in region in the remaining few years."
HP stated that Apogee could have the "equal business relationship" with HP as any other "premium partner" with the identical entry to tools and classes.
via maintaining Apogee as an unbiased subsidiary, HP will ensure that the managed print capabilities company doesn't have more fascinating fiscal phrases than different HP partners, talked about Lores."They won't have access to particular phrases," he referred to. "They shouldn't have entry to particular courses. they are going to have access to the equal phrases that other resellers during this class have."
Lores spoke of HP plans to leverage any equipment and methodology from the Apogee deal to grow the channel enterprise. "Our commitment to the channel has now not modified," he pointed out. "anything else that we study that we suppose may be applied to assist others develop, we will use it [to grow the channel business]."
definitely, he observed, one of the crucial key benefits from the acquisition can be HP's ability to speed up its capabilities of the contractual managed print services and solutions market to enhance the channel. "As we enhance our knowledge, it can be less demanding for channel companions to do enterprise with us and may translate into a improvement for anyone," he stated.
as soon as the deal is finalized, Apogee – which has up beforehand touted its "independence" and "brand-agnostic" print services capabilities -- can be run as an impartial subsidiary of HP with a board composed of Apogee and HP executives.
HP said it expects the latest Apogee administration crew to stay in area with the managed print functions issuer carrying on with to promote and repair solutions from distinct companies.
Apogee, which has an installed base of tens of hundreds of printers and copier contraptions, has lengthy-standing customer contracts involving most important providers including Xerox, Canon and others besides HP that it will proceed to honor, observed HP.
"Over time we expect nearly all of their earnings will circulate to HP," pointed out Lores. "We do not believe it is going to ever be 100 percent because there'll always be clients on the way to demand other types of solutions. here's going to be a technique with the intention to take time. It is not whatever thing on the way to automatically occur after we close the deal."
HP stated it expects the deal to within reach the conclusion of 2018 with Apogee effects "accretive" through approximately 1 cent per share on a non-GAAP foundation in the first full 12 months.
Apogee stated $273 million in GAAP profits in 2017 with income earlier than hobby, taxes and depreciation of $39.43 million.
Bob Venero, CEO of Holbrook, N.Y.-based mostly solution issuer Future Tech, considered one of HP's appropriate partners, noted he would want to see HP enable partners to resell or white-label Apogee contractual print functions.
"nobody is going to begrude HP from making an attempt to develop its managed print choices. The actual question turns into how is that this going to be built-in into HP and what's the plan for helping this providing all through the companion neighborhood," referred to Venero. "here is now not about what the enterprise is doing these days. it is in regards to the future plan for this. it's essential that HP continues to embrace and develop its channel versus transforming into its direct business, which would trigger a ripple impact within the companion neighborhood if it's the HP mindset going forward."
Future Tech's HP print business is turning out to be at a double-digit clip, talked about Venero. "As a global company, Future Tech is awfully attracted to researching how we are able to leverage the Apogee acquisition," he said. "We seem to be forward to continuing to grow our HP print business with the aid of double digits over the next three to 5 years in accordance with the bets that HP is making. protection is playing an immense position in selections round print and these days HP is the chief in secure print. they have got essentially the most comfortable printers on the earth."
Lores said the acquisition of Apogee comes on the heels of solution provider acquisitions through all of the excellent printer and copier vendors.
"all of the different key avid gamers within the industry have achieved this before and they have been able to complement their channel programs," he noted. "here is what we are doing with Apogee. What we realized is we crucial an funding like this to enrich the investment that we are making with managed print services. We suppose the features and options capabilities they have are going to be a good complement to the infrastructure and programs we've developed for managed print functions. Channel partners may still dwell focused on conserving the connection we have constructed with them. They may still now not distort the excellent development and the notable business we now have been building with them over many, decades."
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HP just reported mixed first quarter earnings. The company posted non-GAAP diluted earnings per share of $0.92, down 32 percent from the prior-year period (GAAP diluted earnings per share were $0.73, down 38 percent from the prior-year period). First quarter net revenue came in at $30 billion, down 7 percent from the previous year. Analysts expected earnings of $0.87 cents a share on revenue of $30.7 billion. GAAP Net Income was down 44 percent to $1.5 billion.
“In the first quarter, we delivered on our Q1 outlook and remained focused on the fundamentals to drive long-term sustainable returns,” Meg Whitman, HP president and chief executive officer, said in a statement. “We are taking the necessary steps to improve execution, increase effectiveness and capitalize on emerging opportunities to reassert HP’s technology leadership.”
In the Americas, first quarter revenue was $13.2 billion, down 9 percent year over year. Europe, the Middle East and Africa revenue of $11.7 billion was down 4 percent year over year, and revenue in Asia Pacific was $5.2 billion, representing a 10 percent decrease year over year.
Revenue from outside of the United States in the first quarter accounted for 66 percent of total HP revenue. BRIC countries (Brazil, Russia, India and China) generated revenue of $3.1 billion, down 13 percent from the year-ago period, and representing 10 percent of total HP revenue. Revenue in HP’s commercial businesses declined 4 percent year over year. Revenue in HP’s consumer businesses, within PSG and IPG, was collectively down 23 percent year over year.
In terms of specific product lines, the Personal Systems Group (PSG) revenue declined 15 percent year over year, and services revenue of $8.6 billion grew 1 percent year over year with a 10.5 percent operating margin. Imaging and Printing Group revenue declined 7 percent year over year. Consumer hardware revenue was down 15 percent year over year.Enterprise Servers, Storage and Networking (ESSN) revenue declined 10 percent year over year.
On the bright side, software revenue grew 30 percent year over year with a 17.1 percent. HP says software revenue was driven by 12 percent license growth, 22 percent support growth and 108 percent growth in services.
At first glance, HP (NYSE:HPQ) and Xerox (NYSE:XRX) look like dusty old tech stocks that are owned for income instead of growth. But on closer inspection, both companies' core businesses are changing substantially due to recent developments. Let's discuss these changes, and see if they're making one of these companies a better long-term investment than the other.
How are HP and Xerox changing?
Hewlett-Packard split into two companies last year. Hewlett-Packard Enterprise (NYSE:HPE) retained the enterprise hardware and software businesses, while HP (NYSE:HPQ) kept selling computers, printers, and imaging devices. Those businesses are all slow growth, but the company hopes that its expansion into high-end 3D printers can revive its top-line growth. HP also recently agreed to buy Samsung's printing business for $1.05 billion to scale up its operations.
Xerox plans to spin off its business-processing outsourcing operations as a new company called Conduent by the end of the year. Xerox will retain its document and services business, which competes against HP's imaging businesses. Xerox was expected to merge its document and services business with print and publishing company R.R. Donnelley earlier this year, but it rejected that deal in July.HP's strengths and weaknesses
No one is expecting much growth from HP. Its revenue is expected to fall 7% this year and another 4% next year. It's unclear how much revenue the Samsung acquisition will add to HP's top line because the unit's sales figures haven't been disclosed.
Both of HP's main target markets are wobbly. Last quarter, personal systems (PC) sales fell 13% annually as printing revenues plunged 17%. But HP's earnings from continuing operations, boosted heavily by layoffs and buybacks, still rose 20% during that quarter.
Gartner recently reported that worldwide PC shipments fell annually for the eighth straight quarter. But between the third quarters of 2015 and 2016, HP's market share in PCs rose from 18.8% to 20.4%, putting it in second place after market leader Lenovo.
HP is the biggest maker of printers in the world, but its market share fell from 40.8% to 36.6% between the second quarters of 2015 and 2016, according to IDC, as rivals Canon and Epson both grew their shares. That market is still shrinking -- IDC reports that worldwide hardcopy peripheral sales fell nearly 4% annually in the second quarter. On the bright side, sales of large format and 3D printers have been improving.Xerox's strengths and weaknesses
Xerox's Document Technology revenue fell 7% annually last quarter, and Services revenue fell 2%. Analysts expect Xerox's total revenue (not accounting for the Conduent split) to fall 3% this year and another 1% next year. The businesses that make up Conduent generated $7 billion, or 39% of Xerox's revenue last year.
While Xerox's top-line growth looks weak, many investors, including Carl Icahn, believe that the Conduent spinoff will strengthen both companies' earnings by streamlining their businesses and cutting costs across the board. Xerox already cut thousands of jobs earlier this year ahead of the spinoff. Those cuts, along with big buybacks, are expected to boost Xerox's full-year earnings by 15% this year.
Like HP, Xerox's top line will likely benefit from higher demand for large-format printers. The company also announced that it would expand its presence in the 3D printing market in May.Growth, valuations, and dividends
Analysts expect HP's annual earnings to grow at an average rate of just 2% over the next five years. That gives it a five-year PEG ratio of just 4.8. Because a PEG ratio under 1 is considered undervalued, HP isn't cheap relative to its earnings growth potential.
Xerox's earnings, excluding the impact of the Conduent spinoff, are expected to rise 3% per year during that same period -- which gives it a lower PEG ratio of 3. However, investors looking for businesses with fewer moving parts should wait until after the spinoff concludes to determine which half of Xerox is a better long-term play.
HP pays a forward yield of 3.2%, which is easily supported by its payout ratio of 22%. Xerox pays a 3.1% yield, but its payout ratio is a much higher 74%. Once again, income investors should wait for the split to see which half ends up with a higher yield. If Xerox follows HP's example (giving the "higher growth" HPE a lower dividend than the "slower growth" HP), Xerox should pay a much higher dividend than Conduent.So which stock is the better buy?
I'm not bullish on either stock right now, but HP seems to be a better buy. HP is gaining economies of scale by acquiring Samsung's printing business, its PC sales could recover as enterprise demand returns, and it pays a higher dividend with a lower payout ratio. Xerox, however, is tough to recommend until it spins off Conduent, and offers investors a clearer picture of both companies' futures.
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