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HP to invest $1 billion into cloud computing software

HP to invest $1 billion into cloud computing software

May 9, 2014

cloudOEM plans to spend “substantial part” of R&D budget on cloud computing over next two years.

San Francisco Business Times reported on HP’s plans to invest $1 billion (€723.8 million) towards hiring developers to build and operate cloud-computing systems, with the OEM reportedly set to expand its cloud software offering from two data centres to over 20 over the next year and a half.

According to the Wall Street Journal, HP is making the investment as it “considers it necessary to ward off competition, even if it means cannibalising its legacy hardware and software businesses”.

However, it was noted that the OEM’s $1 billion investment is significantly lower than those of some of its rivals, with Google, Amazon, and Microsoft reportedly spending between $1 billion and $2 billion (€1.4 billion) each quarter “on data centres, and more on R&D”.

Categories : Products and Technology

Tags : Business HP Technology

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