Hewlett Packard Enterprise (HPE) is an American technology company which was formed on November 1, 2015, following the break-up of the IT giant, Hewlett-Packard Company. Along with HPE, the other company that emerged from the split was HP Inc. The history of the Hewlett Packard name stretches back to 1935, when the original organization was founded in the garage of William Hewlett and David Packard. Initially producing a range of electronic test equipment, HP Co rose in the intervening years to become one of the leading manufacturers of personal computers (PCs) worldwide and a global manufacturer of servers, storage devices, and networking equipment, as well as delivering a variety of IT services for both consumers and enterprises.
HPE's business model
With HP Co's closure, HP Inc inherited the personal computer and printer departments while enterprise software, servers, and storage went to the newly formed Hewlett Packard Enterprise (HPE). In 2017, HPE spun off its software business and merged it with Micro Focus. In addition to this, HPE also spun off its enterprise services business segment, merging it with Computer Sciences Corporation (CSC) to form DXC Technology. Both HP Inc and HPE continue to generate multi-billion-dollar revenues, with HPE generating revenues of 29.14 billion U.S. dollars in 2019. The company employs over 61 thousand people worldwide as of 2019. The company also remains largely profitable, posting net earnings of 1.05 billion U.S. dollars in 2019.
HPE's business segments
HPE’s business is divided into four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment, which generated 22.83 billion U.S. dollars in revenue in 2019, includes servers, storage, networking, and IT services. The Intelligent Edge segment of HPE touches on key themes including cloud computing and edge computing, as well as network security. HPE's size and spread means they hold sizeable positions in several global markets, notably servers and storage where they face competition from other leading technology firms such as Dell Technologies or Dell EMC, as well as IBM, NetApp, and Lenovo to name but a few.
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