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Increasing revenues from subscription-based services is a key part of HP’s plan to revive its flagging printer business.<\/p>\n
HP on Tuesday announced HP Managed Print Cloud Services, a cloud-based service<\/a><\/span> that lets organizations hand off the management of their print-related technology to HP. The service, HP reasons, will let IT teams focus on more strategic priorities. <\/p>\n The company also announced support for Universal Print<\/a>, Microsoft’s cloud-based printer management service. HP is also making it easier for remote workers to acquire printers and supplies. <\/p>\n “We’re laser-focused on delivering services and solutions that know how you work, anticipate your needs, and offer a compelling cost structure,” David Prezzano, GM and global head of Print Services and Solutions for HP, said in a statement. <\/p>\n The new and improved services come at a rough time for HP’s printer business. In the company’s last quarterly financial results, released in May, printing revenue was down 19 percent<\/a> from a year ago. Printing revenue accounted for 33 percent of HP’s net revenues. One of the bright spots in its printing business, HP said, was a surge of interest in Instant Ink, HP’s subscription-based ink delivery service. <\/p>\n On a conference call, HP CEO Enrique Lores said HP’s printing business was “facing near-term challenges driven by both supply and demand issues.” In the longer term, “we see the opportunity to accelerate the shift toward services,” he said. <\/p>\n Back in February, HP published a three-year strategic and financial “value creation plan<\/a>” that included plans to grow its print business in part by “increasing the recurring nature of print revenue.”<\/p>\n The new Managed Print Cloud Services will offer “personalized services and intelligent, purpose-built solutions that help streamline and automate processes,” HP promised in a release. It works with both trusted and zero-trust cloud environments. <\/p>\n Meanwhile, to support Microsoft’s Universal Print service, HP will work with Microsoft to build a cloud-to-cloud integration with the Managed Print Cloud Services platform. <\/p>\n And with many workers still conducting business from home, HP is also updating its Flexworker Solutions program. The improved program will make it easier for remote workers to acquire company-approved printers bundled with an extended service contract and to order supplies. It will also make it easier for IT departments to manage supplies through central billing and consolidated reporting. <\/p>\n Tags:<\/b> Stephanie Condon<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"See Campaign: <\/strong>https:\/\/www.zdnet.com\/article\/hp-delivers-mixed-q2-results-printer-sales-down-19\/<\/a>
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Stephanie Condon<\/p>\n
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Increasing revenues from subscription-based services is a key part of HP’s plan to revive its flagging printer business. HP on Tuesday announced HP Managed Print Cloud Services, a cloud-based service that lets organizations hand off the management of their print-related technology to HP. The service, HP reasons, will let IT teams focus on more strategic priorities. The … Continue reading HP introduces new cloud-based printer management service<\/span><\/a> Continue Reading