Name: HP CEO Predicts Strong 2018 Growth
Uploaded: 2018-06-22
Duration: 5 min 1 s
Description: 3 years after Hewlett Packard split, HP Inc. is reinventing itself.

[ MUSIC ] Dion, I'm sure you hear this all the time, people saying that printers are a thing of the past, PC's are dead, sales are shrinking, and yet Here's HP posting double digit revenue growth quarter after quarter. What's changed, what are you doing? We wake up all day every day, we think about printing and personal systems. And we know there is a market out there for it. So there is no single pill, no magic. Lots of focus in lots of different areas. When you put it all together it enables us to grow faster than our competition, but most of all we're listening to our customers and gaining insight from them and then developing and engineering experiences that amaze. I think another thing that most people don't. Don't know is that HP is now the number one seller of PCs in the world. And you just reported recently the demand for your product is very strong and that you're expecting profits for this year To be also higher than expected. So how long is all this gonna last? The PC market is a $ 333 bilion dollar market. The bigger players are getting bigger. And we're out pacing the market we have done for the past 17 Quarters, and we expect that we can continue to do that as long as we keep engineering experiences that amaze our customers, and we're adding value and sprinkles of magic here and there that enable them to want to buy our products. You recently bought Samsung's printer unit. How is that Helping the printer side of HP's business. It's helping because it completes our portfolio, we have one part of the market really well served, these departmental printers, but we were participating in the copier space, and Samsung gives us the ability to participate in that space with a really differientiated solution. It's exciting, it's a $ 55 billion market So the Samsung acquisition has been a success. Are you open to doing other acquisitions? Well, I think we should be doing acquisitions that are line with our strategy and where it makes sense. And so if it gives us the ability to have new technology, as in the case of Samsung, or it comes with incredible engineers. Just buying companies for the sake of buying market share is not particularly interesting, but we So look at all of those investment choices and M & A is one of those choices. How does an HP- Xerox combination sound to you? Does that make sense, especially since Xerox has now been Blocked, as you know, from doing that big deal with Fujifilm. It looks like there could be an opportunity here for HP. Well, as I said, I really love technologies, and I think our printing portfolio is very complete now with the acquisition of Samsung. And what we need to do is go and execute on that. So are you saying no? And amazing portfolio- Are you saying no to Xerox? [ LAUGH ] I'm saying that we don't talk about Future acquisitions. We're really focused on what we're doing now. And I think we have a really complete portfolio that will enable us to compete. You're also making a big bet on 3D printing. And people have been talking about this for years. Why do you think it's a big deal? It's a big deal because, for the first time since the last industrial revolution, there is a better way A more sustainable way, a more cost- effective way, a better way to manufacture. It's a long journey. It'll take five to ten years but I'm absolutely convinced that we are on the cusp of the next industrial revolution. So how does 3- D printing, how do you visualize this as revolutionizing various industries, and when is it gonna be mainstream? So if you think about, for example, in the medical industry, we in the future will be able to make a perfect knee replacement for you, that fits your body precisely. In the Auto industry will be able to change the whole manufacturing process. To be able to design in a much more rapid way than you've ever been able to design before, with much better economic outcomes. So as you move industry by industry, there's very big dramatic changes that 3D printing enables. It sounds very exciting, how far off is this from Becoming mainstream. Any industrial revolution takes a lot of time to play out because it's a 12 trillion dollar industry. But it's a bit of mousetrap in the end, and so when all of the pieces come together the whole ecosystem and everything else that makes up industry 4. 0, that's when it happens. And so I say it's over the next five to ten years manufacturing is gonna look Remarkably different than what it does today. So how are you picturing HP of the future? Will it still be a selling printers and PCs, how are people gonna be describing HP? So I think we'll still be in the printing and PC systems which is the fast majority of our business today, we love it. We're moving into these natural adjacencies, the Copier market that we talked about with Samsung. The graphics business. And everything is a service and then out into the future, five to ten years plus. 3D printing. [ BLANK_AUDIO ]

HP CEO Predicts Strong 2018 Growth

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3 years after Hewlett Packard split, HP Inc. is reinventing itself.