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HP CEO Apotheker looks to cloud

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CIOL Bureau
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NEW YORK, USA: Hewlett-Packard Co Chief Executive Leo Apotheker, outlining his vision for the company, promised to boost earnings and dividends sharply in coming years as it pushes aggressively into cloud computing.

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HP will launch a "cloud marketplace" and an array of offerings for consumers, businesses and application developers, pitting the company against the likes of Amazon.com.

Also Read: Cloud computing is here to stay

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The centerpiece of his presentation was a plan to expand into the highly competitive cloud computing market where services are hosted remotely in data centres.

"This is a huge market," Apotheker said. "It is our customers who are pushing us to create this. There is a lot of demand for additional cloud services."

Creative Strategies Inc President Tim Bajarin said HP has the infrastructure and resources

to compete in the market despite formidable competition.

"They're basically saying this is the cornerstone for their next level of growth," Bajarin said. "If any company can deliver a rich cloud service, it's HP."

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