HP Moves Forward With Splitting Into Two

X

HP is progressing with plans to split the company in two, having filed paperwork to create two independent public companies, Hewlett Packard Enterprise Company and HP Inc, and stating it remains on track to do so by November of this year.HP originally advised last October of the plan to split into two, with one company comprising its enterprise technology infrastructure, software and services businesses, and the other its personal systems and printing businesses.

Hewlett Packard Enterprise, the spin-off company, will take care of technology solutions for traditional IT, with the company to encompass HP’s Enterprise Group, Enterprise Services, Software and Financial Services businesses.

Parent company HP Inc will own and operate HP’s printing and personal systems businesses, covering areas such as multi-function printing, graphics, notebooks, mobile and desktop workstations, tablets and phablets.

The filing reveals that in the fiscal year 2014, HP Enterprise generated net income of US$1.6 billion from revenues of US$55 billion.

“Today, I’m more convinced than ever that this separation will create two compelling companies well positioned to win in the marketplace and to drive value for our stockholders,” Meg Whitman, HP chairman, president and chief executive officer, stated.

“Since we announced our plan to separate in October, we’ve made significant progress and remain on track to complete the separation by the end of the fiscal year 2015.”

728x90 HP Moves Forward With Splitting Into Two
Hisense KV BannerAd 728 90 HP Moves Forward With Splitting Into Two
BEL2535 BPB024 4SQ Banners 728x90 HP Moves Forward With Splitting Into Two
Marshall 728x90 1 HP Moves Forward With Splitting Into Two
Westan 728x90px HP Moves Forward With Splitting Into Two
Uniden Channelnews SoloX July 2024 728x90 1 HP Moves Forward With Splitting Into Two
Px7 S3 728x90 1 HP Moves Forward With Splitting Into Two
728x90 HP Moves Forward With Splitting Into Two
728 x 90 HP Moves Forward With Splitting Into Two
HAIER Series 600 FLW HPD Pairs 728x90 1 HP Moves Forward With Splitting Into Two
250527 SAV Channel news June25 Leaderboard 728x90 1 HP Moves Forward With Splitting Into Two
ELX DIG Crosscat Promo 728x90 Mar25 HP Moves Forward With Splitting Into Two
JBL TourPro3 728x90 HP Moves Forward With Splitting Into Two
4Square Media Banner Ads Update at 5 July JSAU05JUL1 MR 728x90 1 HP Moves Forward With Splitting Into Two
ChannelNews AZ100 728x90 HP Moves Forward With Splitting Into Two
appliance retailer leaderboard may 728x90 Hitachi updated HP Moves Forward With Splitting Into Two
Skullcandy 728x90 1 HP Moves Forward With Splitting Into Two
BlueAnt 4SQM PumpAirUltra 728x90px HP Moves Forward With Splitting Into Two
FA 979 HN MDF SG14 14gen 728x90 1 HP Moves Forward With Splitting Into Two
AU X8 Banner 728x90 HP Moves Forward With Splitting Into Two
GOTHAM 728px x 90px HP Moves Forward With Splitting Into Two
Arlo July Promo Digital 728x90 2 HP Moves Forward With Splitting Into Two
4Square Media Banner Ads Update at 5 July JSAU05JUL1 Buddy 728x90 1 HP Moves Forward With Splitting Into Two
Flick of a switch 728x90 1 HP Moves Forward With Splitting Into Two
MOTO 36331576 Q3 Ad Banners 728x90 2 HP Moves Forward With Splitting Into Two


YOU MAY ALSO LIKE