Hewlett Packard Enterprises (NYSE: HPE) is planning to dismiss at least 5,000 workers, or about 10% of its staff, by the end of this year, according to a report out this morning from Bloomberg.
One of several businesses to be spun out of HP, Hewlett Packard Enterprise offers cybersecurity, enterprise Wi-Fi, cloud services, servers and other corporate technology.
Under CEO Meg Whitman the company has been streamlined, shedding much of its Chinese business and consulting division.
But investors haven't warmed too dramatically to the changes, with shares up just over 2.5% in the past year.
Whitman told the media in June that Hewlett Packard Enterprise was almost done with "one of the largest transformations in American business history," and that investors would see fatter profit margins toward the end of this year.
Earlier this week came a report that Wipro Ltd (NYSE: WIT) announced its plans of delivering the Wipro Boundary Less Data Center (BLDC) solution. The BLDC is built on Hewlett Packard Enterprise’s ProLiant for Microsoft Azure Stack. The main purpose of the product is to assist customers to expand their infrastructure capabilities beyond the traditional walls of the enterprise datacenter.
The company reported third-quarter net revenue of $8.2 billion, up 3% from the prior-year period, earlier this month. Third-quarter GAAP diluted net earnings per share of $0.10, above the previously provided outlook of ($0.02) to $0.02 per share
Shares in HPE gained 13 cents to $13.92 Friday morning.
Tech Insider
