Cloud Computing: Whitman’s Vision for H.P. in 2017
February 21, 2014
Grazed from NewYorkTimes. Aurthor: Quentin Hardy.
Hewlett-Packard’s boss has a plan. Or at least a vision for the long-struggling company. On Thursday, H.P. turned in better-than-expected quarterly earnings, sending the stock to levels just below the eve of its 2011 collapse, an event that led to the appointment of Meg Whitman as chief executive. Revenue was $28.2 billion, a drop of just 1 percent from a year ago, while net earnings were $1.4 billion, a rise of 16 percent.
The market could be saying that H.P. has returned to the status quo. That is, if there was a status quo to which an enterprise technology company could return. Since Ms. Whitman’s arrival, personal computer sales have shriveled, while mobile phones and tablets are on the rise. Cloud computing became a major force, changing both the demand for computer servers and the way software gets written…
Clearly, even if H.P. is stable, it still needs to move into something new. Ms. Whitman “has plucked the low-hanging fruit,” said Bill Kreher, an analyst with Edward Jones. “Now the hard work begins. She’s stabilized the revenue base. Now she needs to show revenue momentum.”…
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