HP Doubles Down on Share Repurchases with $10 Billion Increase.

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Date: Monday September 2, 2024 04:17:24 pm
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    HP Increases Share-Buyback Program to $10 Billion.
    September 4, 2024. HP has significantly expanded its share-buyback program, raising the authorization to $10 billion, the company announced on Wednesday.

    The Palo Alto, California-based technology giant had approximately $1.4 billion remaining under its previous share-repurchase plan as of April 30, according to its latest financial report.

    This latest move follows a February 2020 decision by HP’s board to authorize up to $15 billion in share buybacks, indicating the company’s ongoing commitment to returning value to shareholders. In addition to the share-buyback news, HP reported a decline in quarterly profit, although revenue saw a modest increase of 2.4% during the same period.

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    September 2, 2024 at 4:17 PM
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