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HP Technology Services is a business unit within the HP Enterprise Business division of Hewlett-Packard (HP), a large information technology (IT) vendor. HP Technology Services provides IT design, planning, implementation, integration and maintenance services and support for organizations and government agencies.
The split, which was first reported by The Wall Street Journal and confirmed by other media, resulted in two publicly traded companies on November 1, 2015: Hewlett Packard Enterprise and HP Inc. The split was structured so that Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a new publicly traded company.
As of 2012, Hewlett-Packard had made a total of 129 acquisitions since 1986; [3] The majority of companies acquired by HP were based in the United States. Its first acquisition was the FL Moseley Company in 1958. This move enabled HP to enter the plotter market, the precursor to its leading role in the printer business. [4]
The split was structured so that the former Hewlett-Packard Company would change its name to HP Inc. and spin off Hewlett Packard Enterprise as a newly created company. HP Inc. retained the old HP's personal computer and printing business, as well as its stock-price history and original NYSE ticker symbol for Hewlett-Packard; Enterprise trades ...
HP's first quarter fiscal 2024 net revenue was $13.2 billion, representing a 4.4% decrease (4.9% in constant currency) year-over-year. [29] [30] HP's strong operating activities in the first quarter of fiscal 2024 generated $121 million in net cash. The company also reported a positive free cash flow of $25 million for the quarter.