Hewlett Packard Enterprise Launches Today

Following its separation from Hewlett-Packard Company, Hewlett Packard Enterprise made its debut today as an enterprise technology provider with $53 billion in annual revenue and a comprehensive product portfolio.

In terms of leadership, Meg Whitman is now president and CEO of Hewlett Packard Enterprise; and Pat Russo is chairman of Hewlett Packard Enterprise board. Dion Weisler is president and CEO of HP Inc.; and Meg Whitman is chairman of the HP Inc. board. 

HP announced plans to separate into two new publicly traded companies a year ago with one including HP’s enterprise technology infrastructure, software and services businesses, doing business as Hewlett-Packard Enterprise, and the other comprising HP’s personal systems and printing businesses, operating as HP Inc. and retaining the current logo.

The announcement was made as part of HP’s five-year turnaround plan. At the time, Whitman explained that the decision to separate into two companies underscores its commitment to the turnaround plan, and enables each new company to act with the independence, focus, financial resources, and flexibility they need to adapt quickly to market and customer dynamics, while generating long-term value for shareholders.

Hewlett Packard Enterprise will begin to trade today under the ticker "HPE" at the New York Stock Exchange.

According to the company, Hewlett Packard Enterprise will focus on four key areas that are fundamental to enabling business transformation and future growth, and represent an estimated total addressable market of more than $1 trillion:

  • Transforming to a hybrid infrastructure by helping customers seamlessly manage information across traditional IT and private, managed and public cloud environments;
  • Empowering a data-driven organization engineered to turn information into insight and insight into action;
  • Protecting their digital enterprise to manage risk, monitor operations, protect information and applications and sustain operational integrity;
  • Enabling workplace productivity to create best-in-class experiences for employees, customers and partners through mobility and networking solutions.

To mark the milestone, Hewlett Packard Enterprise representatives including president and CEO Meg Whitman, as well as partners and customers will join together to ring the opening bell at the New York Stock Exchange this morning.