The Traderszone Network

Published in TZ Latest News 25 May, 2016 by The TZ Newswire Staff

HP Enterprise Follows Up One Spin Off With Another

Hewlett-Packard Enterprise (NYSE: HPE) recently announced that it will spin off its enterprise services unit and merge it with Computer Sciences (NYSE: CSC). It claims that the merger will “create a new $26 billion pure-play in global IT services” and unlock “faster growing, higher-margin, and stronger free cash flow” for HPE.