Since the split two years ago, HP Inc. has been financially beating its sister organization HP Enterprise (HPE).
According to sfchronicle.com, HP Inc. have reported an abundance of success with “two consecutive quarters of strong financial performance” whilst HPE have not been so prosperous.
This result comes as a surprise to most as the predicted outcome of the company’s split was imminent success for HPE and a decline for HP Inc. However, the former has declined by 11% on the stock market while the latter has achieved a 50% increase to US $17.27 per share.
HP Inc. had far lower expectations than their respective sibling company and they benefitted from this. Although they are in a declining market of PC’s, HP Inc. utilized their niche effectively and performed well.
Due to its 3D printing service, HP Inc. also achieved success in the printer business. The 3D printing service is said to focus on “manufacturing applications for the promising technology” rather than the home market.
Don Weisler, the CEO of HP Inc., announced: “We’re delivering solid performance across our portfolio, in all regions, and on key financial metrics. It’s clear our reinvention is paying off.”