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Hewlett-Packard Company (HPQ) Not Quitting The Public Cloud Services Market Contrary To The Rumors

Hewlett-Packard Company (NYSE:HPQ) has categorically denied that it plans to exit public cloud market. Instead, the company says it is committed to public cloud as it is to hybrid and private cloud. The clarification eliminates confusion that had started building up about the company’s cloud approach after one of its executives seemed to imply that they are done with public cloud market.

There had been reports attributed to Hewlett-Packard Company (NYSE:HPQ)’s SVP of clouds product management to the effect that the company no longer has interest in public cloud. However, Bill Hilf, who had been quoted by various media outlets as stating Hewlett-Packard would ditch public cloud, moved to correct the assertions, instead saying that public cloud is part of their broader cloud strategy.

Hilf further stated in a blog post that Hewlett-Packard Company (NYSE:HPQ) is not changing its cloud strategy at all, not even hoping to excluding public as earlier reports may have implied.

HPQ to take public cloud giants head-on

The New York Times had published an article in which Hilf was quoted saying that Hewlett-Packard was not going to battle it out with the likes of Google Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT) and, Inc. (NASDAQ:AMZN) in the public cloud platform. According to the report, Hilf said that HPQ was considering something different, even saying that going “head-to-head” in the public cloud didn’t make sense for the company. However, it turns out that it makes sense as HP now seems to retract from its earlier position.

Analysts cheered ditching public cloud

Analysts seemed to love the idea that Hewlett-Packard Company (NYSE:HPQ) was avoiding head-on confrontation the giants of public cloud like Amazon and Google.

According to the new position, Hewlett-Packard Company (NYSE:HPQ) says that public cloud is important to its technology development and testing, which is something that the company can logically hope to retain rather than abandon.

Hewlett-Packard is fond of retracting on controversial announcements. A few years ago the company failed to implement its statement that it would leave PC business, hopefully to focus on fast-growth markets, but that didn’t happen.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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