Hewlett Packard Enterprise Chief Executive Officer Meg Whitman said the business-focused company will focus on four strategic areas — cloud computing, security, software and mobility, said a Bloomberg report.
The new company will highlight products built around concepts called Transform, Protect, Enable and Empower, Whitman said Tuesday during a speech at a customer conference in Las Vegas. These four segments roughly cover specialization in cloud computing, security, software and mobility.
“We’re the only company that brings it all to you,” she said. “Today we are defining our focus.”
Revenue of HP decreased 7 percent to $25.5 billion in its fiscal 2015 second quarter ended April 30, 2015, while net income fell 23 percent to $1 billion. All its business divisions showed negative growth in terms of revenue in Q2.
HP will be split into two publicly traded entities on November 1, with Whitman staying as CEO of the enterprise company while becoming chairman of HP Inc., which will take the personal computer and printer business.
HP has laid the groundwork for this shift through a combination of research and development, partnerships, and acquisitions.
This includes a series of deals, such as its $2.51 billion purchase of networking company Aruba Networks, the acquisitions of security startup Voltage Security and cloud startup Eucalyptus Systems, partnerships with companies such as FireEye and investments in companies ranging from data analysis specialist Hortonworks to storage startup Coho Data.
Bloomberg report said the company is dogged by challenges to its businesses from the rise of cloud computing to the arrival of new software companies, which has led to year-over sales declines in every one of its business divisions, according to the company’s most recent earnings report.