Hewlett-Packard Company (HPQ) Beats Cisco Systems, Inc. (CSCO) By Selling More Equipment
Hewlett-Packard Company (NYSE:HPQ) has topped Cisco Systems, Inc. (NASDAQ:CSCO) in selling more equipment for establishing cloud computing data centers. It was disclosed by Synergy Research Group, which is engaged in market research. This is the first time for HP to dethrone the network equipment maker while it is a very bad news for the new CEO, Charles Robbins, of Cisco. Robbins took over the reins only a few months back.
How They Are Placed In Share
Cisco Systems, Inc. (NASDAQ:CSCO) has been leading the field since 2013. However, Hewlett-Packard Company (NYSE:HPQ) was racing to reach a tie position in the second quarter with 13% market share for each. While HP held its nerves on hold to retain its 13% share, Cisco appeared to have slackened its position by shedding half a percentage point. That left the other to be a clear winner.
The research news should be shot in the arm for HP Enterprise, which will have its birth very soon when HP split the company on November 1. The Enterprise division would be managed by the current CEO, Meg Whitman. The research organization has been tracking the infrastructure equipment market for the cloud with a strange collection of vendors.
Some Of Hardware And Software Makers
Aside from Hewlett-Packard Company (NYSE:HPQ) and Cisco Systems, Inc. (NASDAQ:CSCO), there are other companies engaged in the cloud platform. The hardware list included International Business Machines Corp. (NYSE:IBM), Oracle Corporation (NYSE:ORCL), EMC Corporation (NYSE:EMC), Lenovo Group Limited (ADR) (OTCMKTS:LNVGY), and Dell Inc. Similarly, software side included Microsoft Corporation (NASDAQ:MSFT) and VMware, Inc. (NYSE:VMW) as they provide OS software for building clouds.
Cloud infrastructure is a rapidly growing market with $16 billion a quarter and 25% YOY growth. That meant annualized revenue of $64 billion. Therefore, no company can afford to ignore the segment. The strong point for Hewlett-Packard Company (NYSE:HPQ) is its computer servers. The company is also said to be performing well on storage where Cisco Systems, Inc. (NASDAQ:CSCO) is dabbling. IBM that dropped to the last place towards the end of the last year has remained there since then since Microsoft Corporation (NASDAQ:MSFT) occupies the third slot.
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