Tonernews.com, September 2, 2024. USA
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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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