• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechGlobal 500

A tale of two Hewlett-Packards, by the numbers

By
Jonathan Vanian
Jonathan Vanian
Down Arrow Button Icon
August 26, 2015, 4:35 PM ET
Hewlett-Packard Adds Thousands In Addition To Previously Scheduled Mass Layoffs
PALO ALTO, CA - MAY 23: A sign is posted outside of the Hewlett-Packard headquarters on May 23, 2014 in Palo Alto, California. HP announced on Thursday that it plans to lay off an additional 11,000 to 16,000 employees over its previously scheduled mass layoffs of 34,000. (Photo by Justin Sullivan/Getty Images)Photo by Justin Sullivan—Getty Images

With just two months to go before Hewlett-Packard’s split into two companies, it’s worth a reminder why the Silicon Valley tech giant wanted to do so in the first place.

To back up, Hewlett-Packard (HPQ) plans on November 1 to divide into one company focused on selling data center equipment and business consulting and another that sells printers and personal computers.

Current CEO Meg Whitman will become CEO of the business-technology focused Hewlett-Packard Enterprise while Dion Weisler will be CEO of HP, Inc., the printer and PC company.

Like Intel (INTC) and IBM (IBM) and many big enterprise tech companies, Hewlett Packard has been hurt by a slowing demand for personal computers amid the rise of smartphones and tablets.

Because of that, HP’s legacy PC and printer business has declined steadily over the years. At the same time, the advent of cloud computing—in which companies can purchase computing resources on an on-demand basis from big providers like Amazon (AMZN) and Microsoft (MSFT) —has hurt HP’s business of selling data center equipment.

As a result, Hewlett-Packard’s sales have dropped 15 times in the last 16 quarters. Unhappy investors have pushed the company to make changes.

This brings us to the plan to create two separate companies—each presumably more nimble than when combined—that are dedicated to narrower businesses. Executives will be free from some of the bureaucracy that slowed them before, at least according to Hewlett-Packard’s sales pitch for the split.

Currently, Hewlett-Packard’s enterprise arm looks to be the stronger of the two companies with essentially flat growth over the nine month period ending July 31. Sales ticked up less than 1% during that period to $20.55 billion from $20.48 billion during the same period in 2014.

Meanwhile, sales in HP’s printer and PC business declined 6% during the nine months ending July 31, to $39.9 billion from $42.6 billion.

HP is hoping the impending split will help lift its enterprise business and rehabilitate it printer and PC business so that it starts growing once again. Long suffering investors will be paying close attention.

Subscribe to Data Sheet, Fortune’s daily newsletter on the business of technology.

For more on HP, check out the following Fortune video:

About the Author
By Jonathan Vanian
LinkedIn iconTwitter icon

Jonathan Vanian is a former Fortune reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Tech

C-Suitechief financial officer (CFO)
‘2026 has to be a year of execution’: AI investment pressures, supply-chain risks, and strategy misalignment are all on the line for CFOs
By Alex Zank and CFO BrewDecember 15, 2025
1 hour ago
Jim Farley speaks with both hands gesturing out in front of him.
North AmericaAutos
Ford is scrapping the all-electric F-150 Lightning and other big EVs amid a scramble to find a winning electric formula that will cost $19.5 billion
By Sasha RogelbergDecember 15, 2025
1 hour ago
InnovationElectric vehicles
Rivian CEO says the EV maker’s new large driving model will one day allow for fully autonomous driving—and maybe a spot in the robotaxi race
By Jordyn Grzelewski and Tech BrewDecember 15, 2025
2 hours ago
Big TechMeta
Former Meta integrity chief says new report reveals ‘disappointing’ ad fraud epidemic at the social media giant
By Lily Mae LazarusDecember 15, 2025
3 hours ago
AIregulation
Actor Joseph Gordon-Levitt wonders why AI companies don’t have to ‘follow any laws’
By Nick LichtenbergDecember 15, 2025
4 hours ago
A close-up of Jeff Bezos
SuccessJeff Bezos
‘I had to take 60 meetings’: Jeff Bezos says ‘the hardest thing I’ve ever done’ was raising the first million dollars of seed capital for Amazon
By Dave SmithDecember 15, 2025
5 hours ago

Most Popular

placeholder alt text
Success
'I had to take 60 meetings': Jeff Bezos says 'the hardest thing I've ever done' was raising the first million dollars of seed capital for Amazon
By Dave SmithDecember 15, 2025
5 hours ago
placeholder alt text
Success
Meetings are not work, says Southwest Airlines CEO—and he’s taking action, by blocking his calendar every afternoon from Wednesday to Friday 
By Preston ForeDecember 15, 2025
7 hours ago
placeholder alt text
Success
Sorry, six-figure earners: Elon Musk says that money will 'disappear' in the future as AI makes work (and salaries) irrelevant
By Orianna Rosa RoyleDecember 15, 2025
9 hours ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
19 days ago
placeholder alt text
AI
Deloitte's CTO on a stunning AI transformation stat: Companies are spending 93% on tech and only 7% on people
By Nick LichtenbergDecember 15, 2025
12 hours ago
placeholder alt text
Success
Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $400 billion
By Preston ForeDecember 12, 2025
3 days ago