Hewlett-Packard (HPQ) this morning said it will invest $1 billion in its enterprises services business, building “fully automated, standardized, state-of-the-art commercial data centers.” The company said it will enable clients to run their businesses “faster and more efficiently.”
The company said the integration of EDS is now largely completed, and that it has “identified significant opportunities to grow and scale the business.”
HP said that as a result of productivity gains and automation, it expects to cut about 9,000 jobs over a multi-year period. The company said it expects to generate $1 billion a year in annualized savings, and net savings after investment of $500 million to $700 million.
HPQ today is unchanged at $46.01.
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