Leading maker of computers and printers.

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3000 Hanover St.
Palo Alto, CA 94304
Employees: 275,000
CEO: Meg Whitman
Stock Symbol: HPQ

Website: http://www.hp.com

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Hewlett-Packard is one of the world's top technology companies. It manufactures and sells computers, laptops, printers, servers and tablets.

HP is a leading seller of computers, printers and ink supplies. The company serves more than one billion customers in over 170 countries on six continents.

Hewlett-Packard is the largest employer in Silicon Valley and helped kick off the region's growth in technology innovation when it was founded in 1939.

For fiscal 2014, net revenues at HP were $111.5 billion, down 1% from the previous year. Net earnings were $5.01 billion.

Personal Systems revenue was up 4% year over year with a 4.0% operating margin. Commercial revenue increased 7% and Consumer revenue decreased 2%. Total units were up 5% with Desktops units down 2% and Notebooks units up 8%. Printing revenue was down 5% year over year with an 18.1% operating margin. Total hardware units were down 1% with Commercial hardware units up 5% and Consumer hardware units down 4%. Supplies revenue was down 7%.

In October, the company announced plans to split into two companies. One business will be called Hewlett-Packard Enterprise which sells enterprise technology, software and services. The other business will be known as HP Inc. and sell personal computers, printers and ink cartridges. The split will occur sometime in 2015.

HP has laid off 41,000 people in 2014 with more likely to come next year before the company separation.


Stanford University classmates Bill Hewlett and Dave Packard founded HP in 1939. The company's first product, built in a Palo Alto garage, was an audio oscillator-an electronic test instrument used by sound engineers. One of HP's first customers was Walt Disney Studios, which purchased eight oscillators to develop and test an innovative sound system for the movie Fantasia.

In 1999, HP spun off the medical, components and test measuring business now known as Agilent Technologies in an IPO. In 2001, HP acquired Compaq Computer following a lengthy battle with then-CEO Carly Fiorina and Walter Hewlett, son of founder Bill and who vigorously opposed the merger.

In 2008, HP acquired Electronic Data Systems (EDS) which is now HP Enterprise Services.

In 2009, HP acquired networking firm 3Com.

HP acquired 3Par in September 2010 for $2.35 billion in cash after a bidding war with Dell. HP also bought Palm Inc., a developer of smartphones, for $1.2 billion in April 2010.

Mark Hurd resigned as CEO in August 2010 after a claim of sexual harassment from a female contractor and filing of false expense reports. Leo Apotheker, a former CEO of SAP, was named CEO of HP in October 2010.

HP purchased software company Autonomy of the U.K. in August 2011 for $10.3 billion.


Benefits may vary by country. In the U.S., regular full-time or regular part-time employee scheduled to work 20 or more hours per week are eligible for most benefits immediately.

HP offers a pool of BeneFlex dollars, allowing you to purchase the benefits with the options you need.

The company will match 401(k) contributions 100% on up to 4% of employee pay.

Share Ownership Plan offers employees stock at discounted prices.

Vacation for new employees starts at 15 days per year with 11 paid holidays per year. Experienced employees can earn 25 vacation days per year with 20 years of service or more.

Tuition assistance, adoption assistance, wellness programs, and discounts on HP products are also provided.

Updated December 29, 2014