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HP's first quarter fiscal 2024 net revenue was $13.2 billion, representing a 4.4% decrease (4.9% in constant currency) year-over-year. [29] [30] HP's strong operating activities in the first quarter of fiscal 2024 generated $121 million in net cash. The company also reported a positive free cash flow of $25 million for the quarter.
HP Products is located in six states in the Midwest with over 450 employees. [4] The company has grown to include 5 distribution centers, 3 cross-docks and 500,000-square-feet of warehouse space. [3] In 2013, the company reported $180 million in revenue. [2] HP Products remains one of the largest distributors of its kind in the United States. [1]
Agilent Technologies was created in 1999 as a spin-off of several business units of Hewlett-Packard [12] including test & measurement, optics, instrumentation and chemical analysis, electronic components, and medical equipment product lines.
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On August 11, 2008, HP announced the acquisition of Colubris Networks, a maker of wireless networking products. This was completed on October 1, 2008. [2] In November 2008, HP ProCurve was moved into HP's largest business division, the Technology Services Group organization, [3] with HP Enterprise Account Managers being compensated for sales. [4]