HP Announces 2010 Business Direction And Reports FY 2009 Results

Friday 11 December 2009 17:30
Dr. Beng Teck Liang (right), Managing Director and General Manager of HP Enterprise Business, Hewlett-Packard (Thailand) Ltd led the team of Thailand Product Managers for the enterprise segment to announce the organization’s FY10 direction and strategy to grow the enterprise market with the introduction of new products, solutions and services that help organizations drive innovation and rapidly scale up and down to meet changing business requirements. He also reported the net revenue for the full fiscal year 2009 ending Oct. 31, 2009, was $114.6 billion.

HP’s new offerings, allow organizations to thrive in unpredictability by building technology environments that deliver:

- Line of sight: HP Neoview Advantage, the new release of the HP Neoview enterprise data warehouse platform, supports real-time insight and decision-making, allowing customers to respond to business events faster. Enabling improved competitiveness and mitigation of risk through business data management, information governance and business analytics.

- Innovation — Speeding time to market for new goods and services, while simultaneously reducing the cost of lost time, opportunity and effort. This is achieved through the best use of technology to meet customers’ unique problems.

- Elasticity — Returning to peak form after being compressed or stretched is achieved through a converged infrastructure. HP also announced the HP Converged Infrastructure architecture, which delivers a technology environment that rapidly adjusts to meet changing needs. HP Converged Infrastructure addresses IT sprawl the main cause of technology spend focused on maintenance instead of innovation.

In addition, new HP Converged Infrastructure Consulting Services help customers quickly and seamlessly transition from isolated product-centric technologies to a highly flexible converged infrastructure. Built on HP’s deep experience in shared services, cloud computing and data center transformation projects, the new services allow customers to design, test and implement highly scalable infrastructures.

For customers who do not want to build it themselves, HP Enterprise Services provides a full range of IT outsourcing services to deliver an HP Converged Infrastructure. Organizations can outsource all or part of their infrastructure based on their business needs.

Outlook

HP estimates full fiscal year 2010 revenue will be approximately $118.0 billion to $119.0 billion, up from its previous estimate of $117.0 billion to $118.0 billion. Full fiscal year 2010 GAAP diluted EPS is expected to be in the range of $3.65 to $3.75, up from its previous estimate of $3.60 to $3.70, and non-GAAP diluted EPS is expected to be in the range of $4.25 to $4.35.

Additional resources

More information about HP’s new offerings and customer testimonials, are available at www.hp.com/go/thrivinginunpredictability09.

More information on HP’s quarterly earnings, including additional financial analysis and an earnings overview presentation, is available on HP’s Investor Relations website at www.hp.com/investor/home.

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

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