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Aruba CEO moves to allay partner concerns over HP buyout

Brian Karlovsky | March 4, 2015
"The same Aruba... but even faster and with more resources," claims Aruba chief executive, Dominic Orr.

This is HP's first major acquisition since chief executive, Meg Whitman, announced the company would be split into two separate companies: one dealing with enterprise products and the other focusing on printers and PCs.

HP recent downgraded its financial outlook for fiscal 2015 after reporting that revenue and profit decreased in the first quarter. During that quarter, HP's networking sales fell 11 per cent, compared to the year-ago period.

Aruba's sales, conversely, are improving. It recorded 2014 revenue of $US729 million.

The deal has been approved by the boards of both the companies.

 

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