Highlights from HP’s Annual Shareholder Meeting

HP shareholders reelected all 12 HP board members on Wednesday, and Meg Whitman highlighted the many company successes supporting HP’s multi-year turnaround.
 
“We have accomplished a lot. We have outlined a clear and compelling corporate strategy. We have reconnected with our partners and customers,” Meg said during the 2014 Annual Shareholder Meeting at the Santa Clara Convention Center in California.  “We have a host of new and very innovative products and services that are changing the IT landscape and helping our customers drive business outcomes. Innovation is alive and well at Hewlett-Packard.”
 
Meg went on to describe how HP has also improved its cost structure, strengthened its leadership team and continued to drive innovations throughout the company.  
 
In addition, fiscal 2013 was a year of robust innovation in HP, said Meg, citing HP OneView, HP Vertica, OfficeJet ProX, HP Converged System for Virtualization and other examples.
 
“We have made great strides and our fiscal 2013 performance was a testament to the progress we’ve made,” she said.  
 
Investing in HP employees
 
Amid the progress, Meg said that she is proud of how engaged HP employees have become. 
 
“Part of that is because we have restored stability and confidence, we have invested in our people, and we’ve invested in tools and systems to make life easier for those people who work at HP,” she said. “But it is also due to our employees seeing us win in the marketplace again.”
 
Striving to be the best technology partner on earth
 
HP’s success depends on the success of its customers and partners, Meg observed. “In the last year, we’ve been listening to our customers and partners more closely than ever. I’ve personally met with more than 1,000 customers and partners over the last 12 months.”
 
She said that HP’s objective is very simple: To be the best technology partner on earth not only today but into the future. 
 
“HP can help our customers manage today’s complexity in ways that no other company can,” she stated. “We’ve got a unique perspective because we have built the IT world today, and we are helping create the IT world of tomorrow. And we know most of our customers have one foot in each.”
 
Helping customers be heroes
 
“The technology issues customers face are new, evolving, and frankly daunting, and we understand that,” Meg continued. “We understand that our customers are expected to be Superman or Superwoman, even though they sometimes feel more like Clark Kent. And we get what they are going through.” 
 
“So part of our job at HP is to help them wear the red cape. We are here to help our customers be the hero by delivering the focus, perspective, products and services that they need to stay ahead and stay on top. We are happiest when our customers look like Superman and when they succeed at leading their organizations into the future.”
 
Forward-Looking Statements
This blog post contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of HP and its consolidated subsidiaries may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any projections of revenue, margins, expenses, HP's effective tax rate, earnings, net earnings per share, cash flows, benefit plan funding, share repurchases, currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring charges; any statements of the plans, strategies and objectives of management for future operations, including the execution of restructuring plans and any resulting cost savings or revenue or profitability improvements; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HP and its financial performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing HP's businesses; the competitive pressures faced by HP's businesses; risks associated with executing HP's strategy and plans for future operations; the impact of macroeconomic and geopolitical trends and events; the need to manage third party suppliers and the distribution of HP's products and services effectively; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; risks associated with HP's international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers, clients and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2014 and HP’s other filings with the Securities and Exchange Commission. HP assumes no obligation and does not intend to update these forward-looking statements.