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Hewlett Packard Enterprise

American information technology company / From Wikipedia, the free encyclopedia

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The Hewlett Packard Enterprise Company (HPE) is an American multinational information technology company based in Spring, Texas, United States.

Quick facts: Type, Traded as, Industry, Predecessor, Found...
Hewlett Packard Enterprise Company
IndustryInformation technology
FoundedNovember 1, 2015; 7 years ago (2015-11-01) in San Jose, California
Area served
Key people
RevenueIncrease US$28.5 billion (2022)
Decrease US$782 million (2022)
Decrease US$868 million (2022)
Total assetsDecrease US$57.1 billion (2022)
Total equityDecrease US$19.9 billion (2022)
Number of employees
Decrease 60,200 (2022)
Footnotes / references
Financials as of October 31, 2022[1]

HPE was founded on November 1, 2015, in Palo Alto, California, as part of the splitting of the Hewlett-Packard company.[2] It is a business-focused organization which works in servers, storage, networking, containerization software and consulting and support.

The split was structured so that the former Hewlett-Packard Company would change its name to HP Inc. and spin off Hewlett Packard Enterprise as a newly created company. HP Inc. retained the old HP's personal computer and printing business, as well as its stock-price history and original NYSE ticker symbol for Hewlett-Packard; Enterprise trades under its own ticker symbol: HPE. At the time of the spin-off, HPE's revenue was slightly less than that of HP Inc.[3]

In 2017, HPE spun off its Enterprise Services business and merged it with Computer Sciences Corporation to become DXC Technology. Also in 2017, it spun off its software business segment and merged it with Micro Focus.[4]

HPE was ranked No. 107 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[5]