Hewlett-Packard’s (HPQ - Free Report) HP As-a-Service Solution for SAP AG’s (SAP - Free Report) HANA platform is now available globally.
The SAP HANA real-time platform is part of the SAP HANA database that helps in data processing and provides a real-time outlook and analysis of large volumes of data (market-related, social networking sentiments to name a few). The adoption of this solution will enable H-P to offer a more flexible, efficient and improved IT solution to drive performance.
The collaboration between H-P and SAP HANA will enable enterprises to get better acquainted with business goals and upgrade their systems to deliver quality services. Additionally, with in-memory computing (IMC) technologies running as a service on the SAP HANA cloud platform, companies will be able to perform better and minimize storage latency to generate faster response to real-time applications.
Origin Energy, Dr. Reddy's Laboratories and Avon Cycles are some of the enterprises to have implemented the HP As-a-Service Solution for SAP HANA.
Moreover, this solution will help big data analytics. The term refers to management of vast quantities of unstructured data and providing solutions for proper storage, safety, data mining and easy access to this information from a cloud-based structure. Therefore, greater adoption of the service will ultimately help H-P to grow its business and increase revenues.
We believe that these new offerings from H-P will reduce the complexity of IT asset and data management. Hence, we expect adoption to be robust, boosting H-P’s financial performance.
The company’s traction in the cloud, security and big data segments are positives. Its strategic focus on the software business will help it to achieve long-term profitability. However, continuing macroeconomic challenges, tepid IT spending and competition from International Business Machines (IBM - Free Report) and Oracle (ORCL - Free Report) are near-term headwinds.
Currently, Hewlett-Packard has a Zacks Rank #3 (Hold).
(We are reissuing this article to correct a mistake. The original article, issued on June 11, 2014, should no longer be relied upon.)