Hewlett Packard Enterprise is the company created in 2015 from the spin-off of the old HP group's enterprise-oriented servers, services and software divisions. Printers and PCs are still housed in what is now separate company HP Inc. However, HPE has continued to rationalise its own portfolio, with the partial or complete divestment of several units in order to focus on servers, storage systems and networking. It agreed to spin off its software division (including the ill-fated Autonomy business acquired by the old HP in 2011) into UK-based software group Micro Focus. However, the merger of most of its IT services business into rival Computer Sciences has given it a 50% stake in the significantly enlarged business, and a similar joint venture in China with rival H3C has given the combined business a clear lead in global servers. HPE/H3C has just under 20% global share of the server market to Dell's 18%. It sits behind its rival in storage systems. Other key rivals include IBM and Cisco. However the disposals of non-core businesses have whittled down revenues from over $50bn for the year to Oct 2016 to just $28.9bn for ye 2017. Meg Whitman, former CEO of Hewlett-Packard Company and before that eBay, is CEO of HPE, but plans to step down in 2018. Her successor will be current president Antonio Neri. Adbrands does not currently offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.
Capsule checked 13th June 2017
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Adbrands Weekly Update 23rd November 2017: Hewlett Packard Enterprise, the now entirely independent servers and storage company, delivered somewhat weaker annual performance than its former stablemate HP Inc. Reported revenues fell by almost half as a result of a series of disposals, while comparable continuing sales slipped 5% to $28.9bn. Net earnings plunged 90% to just $344m, reflecting the absence of the prior year's large gains from divested businesses. HPE CEO Meg Whitman announced plans to step down in early 2018. Her successor will be current HPE president Antonio Neri.
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