Question

You are an investor who is looking for a place to invest your money. Previous investments have led you to feel that you are only interested in public, unregulated companies. You must choose a company that has not been used in previous course work, where you will now invest your money. Based on publicly available information you are to do a complete strategic analysis of the company.

Tips: Clothing companies do not make good choices because their reporting dates do not match standard reporting of economic data.

The result of your research will be your opinion, backed by your analysis, and use of evidence (use 6^th edition APA) and reasons why you would personally invest in this company as well as why people wish to be employed at this company. What makes it attractive to employees?

You may think of this as an evaluation of the firm for investment purposes. Ensure that you select a company that has data available for conducting the needed analyses.  Do due diligence right at the beginning of the course, so you do not run into issues right before the assignment is due.

You should, at a minimum, prepare: (1) a financial analysis comparing the firm to comparable peer firms; (2) a revenues forecast for the company using statistical and economic tools; (3) an industry analysis; (4) an evaluation of the company’s financial status and prospects; (5) a competitive analysis in which the company operates, and (3) leadership analysis (confidence in leadership). Make sure you identify, describe, and evaluate the overall strategy of the company and important to your assessment of the firm’s prospects, the functional strategies, i.e. marketing, technology, financial, human resources, manufacturing, etc. being employed.

You may choose to utilize these analyses and others as relevant in a traditional: Strengths, Weaknesses, Opportunities and Threats (SWOT) format, or choose another option.

Choose a company that has been publicly traded long enough (6 years) so that you have the quarterly data you need for the project analyses.
I chose HP company please provide me more informations and provided references.

Answer 1

HP Inc. Reports Fiscal 2020 First Quarter Results

First quarter GAAP diluted net earnings per share ("EPS") of $0.46, above the previously provided outlook of $0.39 to $0.42 per share First quarter non-GAAP diluted net EPS of $0.65, above the previously provided outlook of $0.53 to $0.56 per share First quarter net revenue of $14.6 billion, down 0.6% from the prior-year period First quarter net cash provided by operating activities of $1.3 billion, free cash flow of $1.1 billion First quarter returned $0.9 billion to shareholders in the form of share repurchases and dividends

HP Inc. fiscal 2020 first quarter financial performance
	Q1 FY20		Q1 FY19		Y/Y
GAAP net revenue ($B)	$	14.6	$	14.7	(0.6)%
GAAP operating margin	5.9%	6.3%	(0.4) pts
GAAP net earnings ($B)	$	0.7	$	0.8	(15.6)%
GAAP diluted net EPS	$	0.46	$	0.51	(9.8)%
Non-GAAP operating margin	8.1%	6.9%	1.2 pts
Non-GAAP net earnings ($B)	$	1.0	$	0.8	18.2%
Non-GAAP diluted net EPS	$	0.65	$	0.52	25.0%
Net cash provided by operating activities ($B)	$	1.3	$	0.9	49.1%
Free cash flow ($B)	$	1.1	$	0.7	66.6%

Net revenue and EPS results

HP Inc. and its subsidiaries (“HP”) announced fiscal 2020 first quarter net revenue of $14.6 billion, down 0.6% (up 0.5% in constant currency) from the prior-year period.

First quarter GAAP diluted net EPS was $0.46, down from $0.51 in the prior-year period and above the previously provided outlook of $0.39 to $0.42. First quarter non-GAAP diluted net EPS was $0.65, up from $0.52 in the prior- year period and above the previously provided outlook of $0.53 to $0.56. First quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax adjustments of $278 million, or $0.19 per diluted share,related to restructuring and other charges, acquisition-related charges, amortization of intangible assets, non- operating retirement-related (credits)/charges, and tax adjustments.

Asset management

HP’s net cash provided by operating activities in the first quarter of fiscal 2020 was $1.3 billion. Accounts receivable ended the quarter at $4.9 billion, down 5-days quarter over quarter to 30 days. Inventory ended the quarter at $4.9 billion, down 3-days quarter over quarter to 38 days. Accounts payable ended the quarter at $12.8 billion, down 9 days quarter over quarter to 98 days.

HP generated $1.1 billion of free cash flow in the first quarter. Free cash flow includes net cash provided by operating activities of $1.3 billion adjusted for net investment in leases of $34 million and net investment in property, plant and equipment of $198 million.

HP’s dividend payment of $0.1762 per share in the first quarter resulted in cash usage of $0.3 billion. HP also utilized $0.7 billion of cash during the quarter to repurchase approximately 33.8 million shares of common stock in the open market. As a result, HP returned 84% of its first quarter free cash flow to shareholders. HP exited the quarter with $4.5 billion in gross cash, which includes cash and cash equivalents and short-term investments of

$0.3 billion included in other current assets.

FY20 highlights of HP

• Net revenue of $14.6 billion, down 0.6% from the prior-year period and up 0.5% in constant currency1

• Non-GAAP diluted net earnings per share2 of $0.65, above the previously provided outlook of $0.53 to $0.56 per share

• GAAP diluted net earnings per share of $0.46, above the previously provided outlook of $0.39 to $0.42 per share

• Free cash flow of $1.1 billion2,3

• Returned $0.9 billion to shareholders in the form of share repurchases and dividends

DELL TECHNOLOGIES

Dell Technologies ended the quarter with a cash and investments balance of $9.8 billion. The company paid down approximately $400 million in gross debt in the first quarter and approximately $15 billion in gross debt over the two and a half years since the closing of the EMC transaction, excluding Dell Financial Services-related debt, public subsidiary debt, and debt incurred to finance the Class V transaction. The company is on track to repay approximately $4.8 billion of gross debt in fiscal year 2020.

First Quarter Fiscal 2020 Financial Results

	Three Months Ended
	May 3, 2019		May 4, 2018		Change
	(in millions, except percentages; unaudited)
Total net revenue	$	21,908		$	21,356		3%
Operating income (loss)	$	550		$	(153)		459%
Net income (loss)	$	329		$	(538)		161%
Non-GAAP net revenue	$	21,990		$	21,543		2%
Non-GAAP operating income	$	2,196		$	2,026		8%
Non-GAAP net income	$	1,209		$	1,179		3%
Adjusted EBITDA	$	2,573		$	2,383		8%

FY20 highlights of Dell

• First quarter revenue of $21.9 billion, up 3 percent; non-GAAP first quarter revenue of $22.0 billion, up 2 percent
• Operating income of $550 million; non-GAAP operating income of $2.2 billion
• Diluted earnings per share of $0.38; non-GAAP diluted earnings per share of $1.45

DELL TECHNOLOGIES INC.
Condensed Consolidated Statements of Income (Loss) and Related Financial Highlights
(in millions, except percentages; unaudited)
	Three Months Ended
	May 3, 2019		May 4, 2018		Change
Net revenue:
Products	$	16,754			$	16,671			—%
Services	5,154			4,685			10%
Total net revenue	21,908			21,356			3%
Cost of net revenue:
Products	13,079			13,606			(4)%
Services	2,032			1,872			9%
Total cost of net revenue	15,111			15,478			(2)%
Gross margin	6,797			5,878			16%
Operating expenses:
Selling, general, and administrative	5,071			4,944			3%
Research and development	1,176			1,087			8%
Total operating expenses	6,247			6,031			4%
Operating income (loss)	550			(153)			459%
Interest and other, net	(693)			(470)			(47)%
Loss before income taxes	(143)			(623)			77%
Income tax benefit	(472)			(85)			(455)%
Net income (loss)	329			(538)			161%
Less: Net income attributable to non-controlling interests	36			98			63%
Net income (loss) attributable to Dell Technologies Inc.	$	293			$	(636)			146%
Percentage of Total Net Revenue:
Gross margin	31	%		28	%
Selling, general, and administrative	23	%		23	%
Research and development	5	%		5	%
Operating expenses	29	%		28	%
Operating income (loss)	3	%		(1)	%
Loss before income taxes	(1)	%		(3)	%
Net income (loss)	2	%		(3)	%
Income tax rate	330.1	%		13.6	%

DELL TECHNOLOGIES INC.
Consolidated Statements of Financial Position
(in millions; unaudited)
	May 3, 2019		February 1, 2019
ASSETS
Current assets:
Cash and cash equivalents	$	9,040		$	9,676
Short-term investments	—		—
Accounts receivable, net	10,517		12,371
Short-term financing receivables, net	4,277		4,398
Inventories, net	3,360		3,649
Other current assets	6,461		6,044
Total current assets	33,655		36,138
Property, plant, and equipment, net	5,505		5,259
Long-term investments	782		1,005
Long-term financing receivables, net	4,131		4,224
Goodwill	40,015		40,089
Intangible assets, net	20,948		22,270
Other non-current assets	4,856		2,835
Total assets	$	109,892		$	111,820
LIABILITIES, REDEEMABLE SHARES, AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Short-term debt	$	4,884		$	4,320
Accounts payable	18,097		19,213
Accrued and other	7,455		8,495
Short-term deferred revenue	13,043		12,944
Total current liabilities	43,479		44,972
Long-term debt	48,640		49,201
Long-term deferred revenue	11,135		11,066
Other non-current liabilities	6,525		6,327
Total liabilities	109,779		111,566
Redeemable shares	1,774		1,196
Stockholders' equity (deficit):
Total Dell Technologies Inc. stockholders' equity (deficit)	(6,464)		(5,765)
Non-controlling interests	4,803		4,823
Total stockholders' equity (deficit)	(1,661)		(942)
Total liabilities, redeemable shares, and stockholders' equity (deficit)	$	109,892		$	111,820

Dell vs. HP Strategies

Dell and HP operate in a competitive environment to gain market share at segmented price intervals. Over the last decade we have seen the price of the average computer go fromclose to $2,000 to less than $1,000. In part, pressures to add customers have lead to price wars between the two competitors. However, the price wars have not affected the quality of the products in those lower priced tiers. Both firms have increased marketing efforts to enhance their  brand recognition and strived to reduce cost through improved supply chain management andtechnology innovation. Both companies have room for growth, especially as they enter the portable tablet market. It will also be interesting to see how HP fairs in the cell phone marketwith its recent acquisition of the company Palm and how Dell with react to their success or failure within this market segment