Hewlett Packard

Started by VelMurugan, Aug 26, 2008, 05:44 PM

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VelMurugan

Hewlett Packard



The year's top slot goes to Hewlett-Packard. The IT giant climbed from eighth position last year, to claim the lead spot in 2008. The company also topped the list of top 10 financial and accounting outsourcing vendors.

The survey states that the world's largest PC maker's strategy to rival IBM in bundled outsourcing services is supported by the industry's most satisfied customer base. The company which has operations in more than 170 countries, recently made a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp.

And though Nay Sayers may not fully appreciate the model that HP and EDS boards strive to achieve but the vision and possibilities are exciting the entire industry. According to analysts, the all-cash deal that represents HP's biggest gamble under the leadership of Mark Hurd, also provides the two companies with a golden opportunity to run with the momentum.

Buying EDS would give HP more tools to challenge IBM in the lucrative technology services field. The estimated $550 billion market for technology services has long been dominated by IBM Corp, which has about a 10 per cent share. HP ranks a distant fifth with a 3 per cent market share, based on its $16.6 billion in technology services revenue in its last fiscal year.

In Feburary 2008 the company signed a seven-year outsourcing contract with Unilever for the management of Unilever's technology infrastructure in the Americas, Asia, Africa, Turkey and Middle East.