More contract wins are coming in the way of
). Recently, the 20
Century Fox announced the selection of H-P as its strategic cloud
partner. Fox will be using H-P's cloud computing technology to
improve the agility and dynamism of its business operation as
well as to secure the entertainment assets of the
The digital transformation has put a huge pressure on Fox
Enterprise Media Framework (EMF) as it is required to manage,
distribute and collate various media assets on the global
platform. Fox, through this transformation to the cloud solution,
is trying to curtail some of its IT expenditure without
compromising on business innovation.
Hewlett-Packard is making progress with its cloud computing
technology. Of late, the company has been trying to shift its
focus from the PC-centric business to the high-margin server,
storage and cloud computing space.
Moreover, the company has launched a new BPO (business process
outsourcing) solution, along with some desktop printers, two
media players and other products such as the Moonshot server in
the past few months, all of which should further H-P's plans to
H-P is also entering new geographies. Some of its recent wins
have come from emerging markets like Brazil, Russia, India and
Apart from this, the company has focussed on growth areas such
as Digital Printing, which is mainly used by companies for
enhancing their image outputs, Mobile Computing and
Next-Generation Data Center handling. These are some of the key
growth areas that should improve its business volume in 2013.
Currently, HPQ has a Zacks Rank #3 (Hold). Investors may also
consider technology stocks such as Symantec Corp. (SYMC),
), which carry a Zacks Rank #1 (Strong Buy) and
Western Digital Company
) which carries a Zacks Rank #2 (Buy).
HEWLETT PACKARD (HPQ): Free Stock Analysis
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WESTERN DIGITAL (WDC): Free Stock Analysis
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