The Hewlett-Packard Company (commonly referred to as HP) was an American multinational information technology company headquartered in Palo Alto, California. It developed and provided a wide variety of hardware components as well as software and related services to consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. The company was founded in a one-car garage in Palo Alto by William "Bill" Redington Hewlett and David "Dave" Packard starting with a line of electronic test equipment. HP was the world's leading PC manufacturer from 2007 to Q2 2013, after which Lenovo remained ranked ahead of HP. It specialized in developing and manufacturing computing, data storage, and networking hardware, designing software and delivering services. Major product lines included personal computing devices, enterprise and industry standard servers, related storage devices, networking products, software and a diverse range of printers and other imaging products. HP marketed its products to households, small- to medium-sized businesses and enterprises directly as well as via online distribution, consumer-electronics and office-supply retailers, software partners and major technology vendors. HP also had services and consulting business around its products and partner products. Hewlett-Packard company events included the spin-off of its electronic and bio-analytical measurement instruments part of its business as Agilent Technologies in 1999, its merger with Compaq in 2002, and the acquisition of EDS in 2008, which led to combined revenues of $118.4 billion in 2008 and a Fortune 500 ranking of 9 in 2009. In November 2009, HP announced the acquisition of 3Com, with the deal closing on April 12, 2010. On April 28, 2010, HP announced the buyout of Palm, Inc. for $1.2 billion. On September 2, 2010, HP won its bidding war for 3PAR with a $33 a share offer ($2.07 billion), which Dell declined to match. On October 6, 2014, Hewlett-Packard announced plans to split the PC and printers business from its enterprise products and services business. The split closed on November 1, 2015 and resulted in two publicly traded companies: HP Inc. and Hewlett Packard Enterprise.
HP Enterprise to merge IT services unit with Computer Sciences Hewlett Packard Enterprise Co (HPE) said it would spin off and merge its struggling IT services business with Computer Sciences Corp (CSC), allowing the company to focus on its cloud services business and other fast-growing units. Shares of Hewlett Packard Enterprise, formed after Hewlett-Packard Co formally split in November, rose 10.5 percent in extended trading on Tuesday. Falls Church, Virginia-based Computer Sciences' shares jumped 19.5 percent to $42.60. Read full article here: http://www.reuters.com/article/us-hewlett-packard-divestiture-csc-idUSKCN0YF2PV
Reported after close today (5/24/16) Earnings: EPS $0.42 Revenue $12.7B Estimates: EPS $0.42 Revenue $12.33B Up 0.08% after hours
HPQ off about -2% ahead of the open HP Inc. — The printer and PC maker issued a cautious 2017 cash flow forecast. It does, however, expect to hike its dividend by seven percent and it's added $3 billion to its stock buyback program. HP also said it would cut three to four thousand jobs over the next three years.
Reported after close today (11/22/16) HPE Earnings: EPS $0.61 Revenue $12.5B Estimates: EPS $0.61 Revenue $12.85B Down 1.79% (HPE) after hours HPQ Earnings: EPS $0.36 Revenue $12.5B Estimates: EPS $0.36 Revenue $11.88B Down 2.32% (HPQ) after hours
The lackluster earnings figures released by Hewlett Packard Enterprise didn't go well with investors, it seems; or is it the resignation of Meg Whitman from the CEO post. Whatever the case may be, the stock is on a free fall ever since these data came out yesterday.
HP Enterprise’s spin-off of its Enterprise Services business will allow HP Enterprise to increase its focus on its more profitable enterprise hardware business. Hewlett Packard Enterprise views Industrial Internet of Things (IoT) as the next major market as evident from its recent partnership with GE Digital, a unit of General Electric Company, to develop products for Industrial IoT.
Giving a further boost to its declining Printing business, HP in 2017 announced that its all-new A3 multifunction printers (MFPs) will now be shipped globally to more than 80 countries covering all key markets. These printers are designed to disrupt the traditional $55 billion A3 copier category. HP's highly scalable and cost-optimized printers will meet the increasing demand of customers' printing needs. HPQ quarterly revenue growth was 11.30%. JP Morgan rated the HP Inc.'s stock as an Overweight in a research note.
HP delivered strong second-quarter revenue and earnings results. Personal Systems and Print continued their resurgence in the quarter, showing strength on both the top and bottom line. While 3-D printing and a managed print service focus will provide new growth opportunities for HP, secular headwinds in traditional printing will limit overall growth.
HP Enterprise's second-quarter net revenue rose 10% year over year to $7.5 billion, which was largely viewed as a strong performance. Management attributed the revenue growth to overall strong IT spend and the company's competitive pricing.
