As the company released its latest fiscal results, HP may have fallen short of its revenue targets for the second quarter of the 2023 fiscal year. According to news media, this is spearheaded by the decline in PC sales. But, HP remains headstrong in launching projects that will ensure it is still close to its goals.
The company’s net revenue for the second quarter of fiscal year 2023 was $12.9 billion, 21.7 percent less than the results during the same period last year. This caused HP’s shares to drop by almost three percent in after-hours trading.
But HP is headstrong. Today, June 2nd, it conducts an eco-friendly art exhibit in New York City in partnership with a renowned and award-winning artist. Here’s the news.
Immersive recycling-inspired art exhibit
HP, together with award-winning artist Germane Barnes, is slated to emphasize the importance of recycling through a hands-on and interactive visual experience called the “Create What’s Next” exhibit. This hybrid art exhibit is being presented today at Studio 525 in New York City.
“Climate change is the defining challenge of a lifetime, weighing on our collective conscience. The magnitude of the issue can feel overwhelming, leaving us wondering if our individual choices truly make a difference. Yet, it is precisely in these small actions that our collective power lies,” HP said in an official statement. “In recognition of World Environment Day, HP’s intention is to inspire action through art.”
Barnes is an award-winning and a talented architect and designer. He was born and raised in Chicago, Illinois, and studied at the University of Illinois at Urbana-Champaign, where he received a Bachelor of Science in Architecture degree in 2008. Then, he attended Graduate School and received a Master of Architecture degree from Woodbury in Burbank, California, where he received the Graduate Thesis Prize.
Some of his awards include the 2021 Wheelwright Prize by Harvard University Graduate School of Design, the 2021 Rome Prize in Architecture from the American Academy in Rome, and the Architectural League Prize for Young Architects + Designers.
This project of HP with Barnes takes guests on an experiential journey through HP’s ink cartridge recycling process. The exhibit showcases reduce, reuse, and recycle methods as envisioned by the artist, who uses materials from each stage of the process to create an interactive experience that promotes how small, individual, and collective actions can have a significant impact.
All the materials in the exhibit have been placed with sustainability in mind, including all the plastics from the ink cartridges.
“… This was an opportunity to show people through art and design the various steps in the process, with a hope they’ll begin to understand how they can be part of the journey and make a difference even if it is a small one,” Barnes said.
$100,000 prize for the youth from HP
HP is also giving away a $100,000 prize pool funding youth-led solutions that promote sustainability, particularly that which is related to the reuse, reduction, and recycling of plastics and packaging.
This is still part of the Create What’s Next initiative, but this time, in collaboration with MIT Solve, a marketplace for social impact innovation by the Massachusetts Institute of Technology.