Founded in 1939, HP has grown into one of the most comprehensive technology solutions providers in the world. HP currently holds the number one market share position in the total copier market with 19.6% of the market share. In fiscal 2011, HP generated $177.2 billion in total revenue, earning the company tenth place on the Fortune 500 list. HP has also been named number five on Interbrand's list of the 50 Best Global Green Brands and ranked number two in the United States and number fifteen in the world on Newsweek's 2011 Green Rankings report.
HP’s mission is “to invent technologies and services that drive business value, create social benefit and improve the lives of customers-with a focus on affecting the greatest number of people possible.” HP currently employs approximately 349,600 people throughout the world who work to serve the technology needs of in excess of one billion people in 170 countries.
HP R&D Expenditures and Patents
Over the past ten years, HP has invested in excess of $25 billion toward research and development of new and better technologies. In 2011, HP devoted $3.3 billion to R&D and focused on three key areas including designing and developing products, solutions that anticpate customers' changing needs and desires, and emerging technological trends.
HP was the first company to develop network printer management software, Energy-Star compliant printers, network scanners and 11x17 duplex printing. These innovations, along with many others, have led to HP being one of the top patent-holding IT companies in the world with over 36,000 patents held from the U.S. Patent and Trademark Office.