HP Announces $3 Billion in Revenues from Global Retailers

Strategic Insights -

HP has earned revenues of more than $3 billion in its last fiscal year from global retailers looking to gain new operational efficiencies and greater business flexibility. This milestone was announced at the National Retail Federation Convention & Expo, where the company showcased its retail solutions and partnerships with leading retail brands such as 7-Eleven, Chico's, Staples, and Starbucks. HP's retail offerings include its Retail Agility Services, retail media solution, and an offering with Cyclone Commerce to help retail pharmaceutical companies fight counterfeit drug activity.

Key Takeaways:

  • HP has earned revenues of more than $3 billion in its last fiscal year from global retailers, a significant milestone in the company's retail offerings.
  • The company has partnered with major retailers such as 7-Eleven, Chico's, Staples, and Starbucks to provide retail-specific solutions, including the Retail Agility Services and the rp5000 point-of-sale system.
  • HP's retail solutions include a retail media solution to create and manage interactive online training and information for retailers' employees and customers, and an offering with Cyclone Commerce to help retail pharmaceutical companies fight counterfeit drug activity.
  • HP's retail solutions help retailers design, deploy, and manage mission-critical IT environments that align with business priorities, ensuring measurable value is derived from IT investments and business operations remain uninterrupted.
  • HP works with industry-leading partners such as Intel and Microsoft to help customers implement IT solutions incrementally, without large upfront capital investments.
  • Leading retailers rely on HP to better serve customers, with 7-Eleven, Inc. relying on HP Services' customer support organization to deploy industry-standard HP ProLiant ML350 servers and HP Remote Insight Lights-Out Edition II.
  • HP's solutions have helped retailers improve performance, reduce costs, and increase flexibility, with 7-Eleven experiencing a 50-70 percent boost in performance in batch processes, database loads, and heavy transaction processing runs.
  • HP's retailer partnerships include Boyner Holding, one of the largest retailers in Turkey, which made a multi-million dollar investment in HP technology to migrate to a new SAP environment.

Statistics:

  • HP earned revenues of more than $3 billion in its last fiscal year from global retailers.
  • Over 150,000 of the HP rp5000 point-of-sale solutions have been committed to retail businesses since its introduction two years ago.
  • HP has deployed more than 400 HP rp5000 point-of-sale devices in Chico's retail stores across North America.
  • 7-Eleven has experienced a 50-70 percent boost in performance in batch processes, database loads, and heavy transaction processing runs after deploying HP's retail solutions.
  • Boyner Holding has made a multi-million dollar investment in HP technology to migrate to a new SAP environment.

Sources:

  • HP Press Release: "HP Earns $3 Billion in Revenues from Global Retailers"
  • National Retail Federation Convention & Expo
  • HP Website: www.hp.com/go/retail
  • Intel Corporation Website: www.intel.com
  • Microsoft Corporation Website: www.microsoft.com