UPDATED 14:38 EDT / DECEMBER 05 2012

HP CEO Stays True to Analytics Vision: “100% Committed to Autonomy’s technologies”

Hewlett-Packard CEO Meg Whitman has found herself the center of the recent Autonomy controversy: she’s the one who disclosed the $8.8 billion write down on the deal at her company’s last earnings call, and she’s leading the charge against Autonomy’s former management. But for Whitman, it’s nothing personal – and she still has a lot of faith in the British firm’s products.

The chief executive addressed the deal during her keynote on day one of HP Discover, the conference that her company held this week in Europe.

“We remain 100 percent committed to Autonomy’s industry-leading technologies and its employees,” Whitman said in Frankfurt.  Autonomy “will play a very significant role in our growth strategy moving forward,” she added.

Autonomy is a UK-based provider of data analytics and search leveraged by many large organizations, and the technology stands as one of the key pillars supporting HP’s plans to take over the next generation data center.

On the flip side of the coin, Autonomy is a liability. Its revenue plummeted by 90 percent in the first quarter after the deal went through, largely due to the fact the company couldn’t resume its fishy accounting practices under US jurisdiction. These same policies accounted for over half of the $8.8 billion HP had to write off, according to officials, and resulted in a $6.9 billion loss in HP’s most recent quarter.

All in all, however, Hewlett-Packard did not walk away from the deal empty handed out of the deal. Mark Hopkins shares Meg Whitman’s optimism to a certain degree for many of the same reasons she cited during her speech: the portfolio is strong, and HP is a very big company.  The hardware giant reduced its debt by billions of dollars over the past few quarters, and its bolstering its offerings line-up in an aggressive push to siege a bigger chunk of the enterprise market.


A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU