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  • Previous Rank53
  • Revenues ($M)$103,355
  • Revenue Percent Change-7.3%
  • Profits ($M)$4,554
  • Profits Percent Change-9.2%
  • Assets ($M)$106,882
  • Employees287,000

It was the end of an era for Hewlett Packard. The 76-year old business technology giant spent the majority of 2015 undertaking one of the most complicated corporate separations in history. Although Hewlett Packard was still a massive company with annual revenue at over $100 billion, the rise of cloud computing and the weakening personal computer and printer market took a toll on Hewlett Packard, which continued to see sales decline each quarter. To better compete in the changing marketplace, CEO Meg Whitman led the effort to split the company into two separate businesses with the idea that each could better concentrate on their own specialties and react more quickly to market changes. Additionally, the technology giant announced that it would shed over 30,000 jobs before it officially split in November 2015. Now, Whitman is the CEO of Hewlett Packard Enterprise, which sells data center hardware and business software, while Dion Weisler leads printer and personal computer maker HP, Inc. Unfortunately for HPE and HP, the technology market continued its chill in early 2016 and both companies saw first quarter revenue declines.

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Company Information

CEO
Dion J. Weisler
Sector
Technology
Industry
Computers, Office Equipment
HQ Location
Palo Alto, CA
Employees287,000
Websitehttp://www.hp.com
Years on Global 500 List22
Company's published revenues include $52.1 billion in discontinued operations of Hewlett Packard Enterprise, spun off on Nov. 1, 2015 (after the company's fiscal year-end) and changed name from Hewlett-Packard, Nov. 1, 2015. Figures are for fiscal year ended Oct. 31, 2015.

HP Rank History

Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$103,355-7.3%
Profits ($M)$4,554-9.2%
Assets ($M)$106,882-
Total Stockholder Equity ($M)$27,768-

Profit Ratios

Profit as % of Revenues4.4%
Profits as % of Assets4.3%
Profits as % of Stockholder Equity16.4%