IR Newsletter - March 2015 - HP | Investor Relations

Investor Relations Update
April 2015
Intro from Jim Bergkamp
Hi everyone,
It was great seeing some of you at Mobile World Congress in Barcelona earlier this month and
hearing your key takeaways for HP. We’ve had a busy quarter and expect that to continue through
the separation and beyond.
On February 24, HP announced Q1 fiscal 2015 earnings. We delivered solid performance in our
business operations, growing operating profit margins across all of our major business
segments. While the strength of the dollar has been and will continue to be a challenge for HP, we
were able to manage these impacts in the quarter and deliver earnings as expected.
We’ll continue to share the latest information as we prepare to separate HP into two new Fortune 50
companies in November. As always, don’t hesitate to reach out with any questions.
Jim Bergkamp
Vice President, Hewlett Packard Investor Relations
HP Investor Relations Updates
HP to Acquire Aruba Networks
On March 2, HP announced a definitive agreement to acquire Aruba Networks, a leading provider of
wireless mobility solutions, for $24.67 per share in cash. The equity value of the transaction is
approximately $3.0 billion, and net of cash and debt approximately $2.7 billion. Combining Aruba’s
technology with HP’s leading switching portfolio will enable us to compete and win in the $18 billion
and growing campus networking sector. The acquisition is consistent with HP’s strategy to focus the
portfolio and allocate resources towards high-growth opportunities.
HP at Mobile World Congress 2015
Earlier this month, we traveled to Barcelona to attend Mobile World Congress, where HP had a booth
and we hosted several sessions with investors and sell-side analysts. At the event, HP announced
that telecommunications company Telefonica selected HP to be the key technology provider and
systems integrator for Telefonica’s Unica network virtualization project. Under the deal, Telefonica
will use HP’s OpenNFV platform, which includes server, software, orchestration and networking
technology as well as hooks into the HP Helion OpenStack® service. This demonstrates HP’s
strategy to help carriers and providers handle the rising traffic demands and deliver the services
users want.
HP’s Annual Meeting of Stockholders
On March 18, HP held its Annual Meeting of Stockholders, which, for the first time, was conducted via
a live webcast. The online format allowed stockholders around the world to participate, and provided
improved communication and cost savings for our stockholders and the company. Following the
meeting, HP announced that the board of directors authorized a 10 percent increase in the amount of
our regular quarterly dividend, to $0.176 per share. We also revealed the voting results of the four
proposals, including the re-election of all 12 directors on HP’s board.
Business & Technology Highlights
HP Global Partner Conference
At this year’s HP Global Partner Conference, our top partners learned about key sales plays and new
marketing tools, along with details on how the separation will benefit the channel. HP announced
new partner programs, including the HP Partner Navigator Program, which is designed to help HP
partners through HP’s upcoming separation into two companies, and the Partner One Alliance, which
is designed to help partners drive positive business outcomes for their customers. As we’ve said
before, after the separation, both companies will have the same commitment to the channel that our
partners have come to trust, but with more focus, flexibility, and accountability.
HP Targets Service Providers with New Cloudline Servers
Earlier this month, HP announced a new portfolio of servers, networking and solutions designed
specifically for the unique compute requirements of service providers. As part of this announcement,
HP introduced the HP Cloudline server family, which is a result of the HP-Foxconn joint venture. The
Cloudline servers are cost-focused and customizable compute platforms that offer capacity on
demand, flexible operations and low costs.
HP’s Reveals Breakthrough LaserJet Printers
In March, HP announced a re-engineered series of LaserJet printers designed to bring breakthrough
printing technology to the modern office. Built around the latest in toner formulation – new Original
HP Toner cartridges with JetIntelligence – the HP LaserJets use up to 53 percent less energy, take
up to 40 percent less space and wake up, print and duplex in a fraction of the time.
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Blog Posts
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The HP Perspective: Network Functions Virtualization & Cloudification
APRIL 20-24, 2015
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JUNE 3, 2015
HP Discover Las Vegas: IR Summit
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