The restructuring initiatives taken by
) have enhanced its efficiency and output. These initiatives have
helped the company win a deal worth $67 million, from the
Government of Catalonia, Generalitat de Catalunya or CTTI.
The contract spanning 10-years requires H-P to transform
CTTI's computing environment to a cloud-based infrastructure to
enhance the system and the services provided to its citizens. H-P
will use virtual private clouds based in Spain to manage the
organization's computing environment. This marks the entry of
H-P's managed cloud services into Spain through the deployment of
H-P Enterprise Cloud Services network which is already available
in other European countries.
Additionally, H-P was recently selected by Beijing-based
Oriental DreamWorks as its official technology partner. Oriental
DreamWorks is a joint venture between the China consortium, led
by China Media Capital and Hollywood's DreamWorks Animation.
The technical collaboration will aid Oriental DreamWorks to
provide unique and creative content, broadcast in China and
Hewlett-Packard is progressing on its cloud computing
technology. The company is busy shifting its focus from a
PC-centric business to the high-margin server, storage and cloud
computing space. Moreover, the company witnessed some recent wins
in emerging markets like Brazil, Russia, India and China.
Although new deals from different segments such as animation,
entertainment, digital printing, mobile computing and cloud
computing have helped the company, a not-so-encouraging PC
business puts downward pressure on its business model.
Currently, HPQ has a Zacks Rank #3 (Hold). Investors may also
consider technology stocks such as
International Business Machines
), all of which carry a Zacks Rank #2 (Buy).
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