) is now out with a new HP ConvergedSystem as a service for the
SAP HANA Cloud Platform, a
) solution. This new solution is expected to aid business
decision-making processes with tools that provide market
information in real time.
The SAP HANA real-time platform is a part of the SAP HANA
database that helps in data processing and provides a real-time
outlook and analysis from large volumes of data (whether
market-related, social networking sentiments or something else).
The adoption of this solution will enable Hewlett-Packard to
offer a more flexible, efficient and improved IT solution to
The HP ConvergedSystem based on SAP HANA will enable enterprises
to get better acquainted with business goals and to upgrade their
systems to deliver quality services. Additionally, with in-memory
computing (IMC) technologies running as a service on the SAP HANA
cloud platform, companies will be able to improve performance and
minimize storage latency to generate a faster response to
Moreover, this solution will help big data analytics. The term
refers to management of vast quantities of unstructured data and
providing solutions for proper storage, safety, data mining and
easy access to this information from a cloud based
structure. Therefore, greater adoption of the service will
ultimately help Hewlett-Packard to grow its business and increase
revenues in the process.
The ConvergedSystem portfolio includes HP Serviceguard and
Project Kraken, which will create a more independent and
simplified IT-enabled environment with improved network and
storage devices. Also, the solution will cater to the growing
demands of businesses, which in turn will help Hewlett-Packard to
gain competitive advantage.
The new HP ConvergedSystem for SAP platform and HP Serviceguard
have been priced at $87,787 and $38,980, respectively and will be
launched this spring. Project Kraken will be available globally
in the latter half of 2014.
We believe that the new offerings from Hewlett-Packard will
reduce the complexity associated with the management of IT assets
and data management. Hence, we believe that the deployment of
these solutions will boost Hewlett-Packard's Software solutions
portfolio and act as a tailwind for the company's near-term
financial performance. .
The company's traction in the cloud, security and big data
segments are positives. Its strategic focus on the software
business will help it to achieve long-term profitability.
However, continuing macroeconomic challenges, tepid IT spending
and competition from
International Business Machines
) are near-term headwinds.
Hewlett-Packard has a Zacks Rank #2 (Buy).
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