Hewlett-Packard Company (HPQ) recently announced that a leading property consultant firm Knight Frank LLP has deployed its Converged Infrastructure suite. Financial terms of the deal were not disclosed.
U.K.-based Knight Frank LLP provides residential property and commercial property services in 43 countries. Managing the extensive data stored across all its offices worldwide is no mean task. Accordingly, the property dealer enhanced its storage capacity and maximized server utilization with the HP Converged Infrastructure.
HP’s Converged Infrastructure solutions bring together servers, storage and networking products to manage data centers from a common platform. The Converged platform has been designed to make data center handling simpler, more flexible, efficient and cost effective.
3PAR’s (acquired in August 2010) highly-virtualized storage solutions with advanced data management features (dynamic tiering, thin provisioning, etc.) for cloud-computing environments further strengthen HP’s Converged portfolio.
With the help of HP’s Converged platform, Knight Frank was able to lower ownership costs as well as total information technology costs. Moreover, the platform enabled significant reduction in carbon emissions, helping Knight Frank to become an environment-friendly organization.
In today’s technology-driven world, the enterprise storage space is one of the most enviable growth areas. We believe that HP, with its renewed strength in the Converged portfolio, will remain well positioned to capitalize on this market.
We remain encouraged by the recently concluded second quarter results, as both the top and bottom line exceeded our estimates. The quarter’s beat was attributed to broad-based revenue growth across all its segments except the Personal Systems Group, as well as efficient cost control measures.
However, we would prefer to remain cautious considering the lowered revenue outlook for fiscal 2011, reflecting weak demand for desktops PCs, manufacturing problems in Japan and growing interest in tablets. Moreover, HP lags its peer Apple Inc. (AAPL) in the tablet vertical.
Currently, HP has a short-term Hold recommendation, as is indicated by the Zacks #3 Rank.
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