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HP Achieves Position as a Leader in Annual Magic Quadrant Report for MFPs and Printers

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HP Achieves Position as a Leader in Annual Magic Quadrant Report for MFPs and Printers

PALO ALTO, Calif., Oct. 26, 2011


HP today announced it has been named a “leader” in the latest Gartner “Magic Quadrant Report for MFPs and Printers, Worldwide.”(1)

An independent provider of IT and research advice, Gartner has published its latest Magic Quadrant report for MFPs (multifunction printers) and printers worldwide, which assessed technology providers on their “ability to execute” and “completeness of vision.”

According to Gartner’s report, “traditional speeds and feeds for typical office printing, such as output quality (for example, dots per inch and engine speed), have given way to the hardware’s ability to integrate and deploy software applications that connect them to company’s document management systems. Remote monitoring capabilities, diagnostics, security, cloud printing and other factors are becoming the true differentiators.”

HP’s strategic investments in these differentiators have enabled the company to establish a portfolio of innovative MFPs and printers that are supported by a broad range of applications and solutions.

Consumers, small to midsize businesses and enterprises working with HP as their technology on-ramp and off-ramp have effectively managed their information and document workflows using HP’s cloud-enabled, web-connected print technologies that streamlined their workflows and increased security for significant gains in productivity and cost savings.

HP’s Open Extensibility Platform and
FutureSmart Firmware bolster the company’s leadership position in MFPs and printers by simplifying the development and deployment of HP and third-party solutions, and allowing customers to quickly and easily update, manage and extend the capabilities of their MFPs and printers with the latest solutions and applications

“We believe this recognition affirms not only the investment HP has made in imaging and printing, but also our strategy of ensuring that customers gain a real competitive advantage with these devices,” said Ron Coughlin, senior vice president, LaserJet Enterprise Solutions, Imaging and Printing Group, HP. “HP is dedicated to building on its legacy of innovation to help customers meet their evolving needs.”

About Gartner Magic Quadrant

The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP (NYSE: HPQ) is available at
http://www.hp.com.


(1) Gartner, Inc., “Magic Quadrant for MFPs and Printers, Worldwide,” Federico De Silva, Sharon McNee, Oct. 24, 2011.


This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could 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 statements of the plans, strategies and objectives of management for future operations, including execution of growth strategies, transformation initiatives and restructuring plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP’s businesses; 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 customers, suppliers and partners; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of growth strategies, transformation initiatives and restructuring 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 fiscal quarter ended July 31, 2011 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2011 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.


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