) or H-P won two deals last week. Financial details of the deals
were kept confidential.
National Stock Exchange Inc. ('NSX') opted for H-P's 3Par
StoreServ Storage solution to optimize storage maintenance costs
and boost staff productivity. New Jersey-based NSX is an
electronic stock exchange. It was founded in Mar 1985 as
Cincinnati Stock Exchange.
NSX was facing challenges with its legacy storage infrastructure,
which was pushing up storage maintenance costs and delaying the
data processing job. H-P's storage platform helped NFX
significantly cut down the time required for report generation
(due to fast data processing) and ensured higher staff
productivity. The solution will also help the company to reduce
the risk related to downtime and increase NFX's business
H-P's 3Par StoreServ Storage solution along with the ProLiant
server infrastructure helped NFX achieve its target efficiency
In another development, H-P announced that a renowned
recruitment, HR and payroll software provider, Bond International
Software Group will be using a technology from Autonomy, a
software unit, which was acquired in Aug 2011. London-based Bond
International has been dealing in staffing, HR and payroll
software since the past 40 years. Its flagship "Bond Adapt" is a
database independent, multi-lingual staffing solutions for
Per the contract, H-P will provide its Autonomy Intelligent Data
Operating Layer (IDOL) server to enhance its Bond Adapt platform.
With IDOL, the Bond Adapt will be able to scoop out the most
relevant candidates for a particular post, by processing the
resumes within the database quickly. This will save time for
recruiters and help them to find the right job for the right
Deal wins in different industrial sectors do not come as a
surprise. But winning deals in the storage, server and software
areas is surely significant. While there may not be a remarkable
increase in near-term revenues, it could somewhat offset the
challenges in the PC business.
H-P's second quarter earnings per share were better than the
Zacks Consensus Estimate, but revenues continued to lag year over
Though continuing PC market slump will remain a headwind for
H-P's top line, a better cost control effort and new product
launches in the non-PC area bode well for the company.
H-P's closing price on May 31, 2013 was $24.42, representing a
decent 1-year return of about 15.95% and year-to-date return of
Currently, H-P has a Zacks Rank #3 (Hold). Investors can look at
other companies, such as,
) carrying a Zacks Rank #1 (Strong Buy), and
Hutchinson Technology Inc.
Western Digital Corp.
) carrying a Zacks Rank #2 (Buy).
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