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Posts Tagged ‘it services’

Facebook prices its stock at $38 a share for IPO

Thursday, May 17th, 2012

Facebook Inc. priced its shares in its initial public stock offering at $38 late Thursday, setting the stage for its historic market debut Friday.

The IPO values Facebook at $104 billion, the largest-ever for a newly public company. The $18.4 billion that Facebook is expected to raise in the IPO itself would be the second-largest in U.S. history, trailing only the $19.65 billion of Visa Inc. in 2008.

The Facebook pricing comes at a jittery moment for the stock market, which suffered a deep drop Thursday in a continuation of the weakness that has gripped share prices this month.

The Dow Jones industrial average sank 156.06 points, or 1.2%, to 12,442.49. It has fallen 6.3% from its recent peak on May 1. The technology-laden Nasdaq composite, on which Facebook will begin trading Friday, slumped 60.35 points, or 2.1%, to 2,813.69.

Facebook’s debut has dominated Silicon Valley and Wall Street in recent weeks, as the company and the financial markets geared up for the most anticipated IPO since Google Inc. in 2004. >more

IT Services – Houston, Texas

SAP Offers Mobile Device Management on Amazon’s Cloud

Tuesday, May 15th, 2012

SAP’s Afaria mobile device management tool is now available on Amazon Web Services’ cloud, offered as a way to make it easier to start using the platform, SAP said at the Sapphire conference on Monday.

The availability of Afaria 7.0 server on AWS gives enterprises a fast and simple way to buy and implement an enterprise-ready mobile management platform, according to SAP.

“We have a number of customers that don’t want to deal with and implement their own device management infrastructure in-house, because they view it as non-core, and instead they want a cloud-based offering,” said Kevin Ichhpurani, senior vice president, Ecosystem and Channels at SAP.

With the cloud version of Afaria 7.0, administrators can just go to Amazon’s Marketplace, enter their passcodes and start provisioning it. >more

IT Services and Consulting

HP wins $2.5 billion contract with NASA

Thursday, December 30th, 2010

Hewlett-Packard has won a contract from NASA worth up to $2.5 billion.

The contract was awarded Monday and calls for Hewlett-Packard to provide and manage up to $2.5 billion worth of PCs, software, peripherals, and associated end-user and IT services for the space agency over 10 years, according to a NASA press release. Specifically, HP will offer services to support NASA personnel in business, science, research, and computation.

HP beat out longtime NASA contractor Lockheed Martin to pick up the lucrative project.

“Our team is disappointed that NASA selected another solution,” Sheila Collins, a spokeswoman for Lockheed, said in a statement e-mailed to Bloomberg. “We submitted a ‘best-value’ solution based on our knowledge of the program and our understanding of NASA’s mission. We continue to serve NASA on other contracts.”

This isn’t HP’s first contract with the space agency. In 2007, the company took home a seven-year contract worth up to $5.6 billion to provide PCs, printers, and other hardware to any federal agency through NASA’s Solutions for Enterprise-Wide Procurement program.


Microsoft benefits from IT spending growth

Sunday, July 25th, 2010

Forrester forecasts nearly 10 percent U.S. increase in 2010

This recession has been going on for more than two years, but within some enterprises, there must be some people saying, “Heck, get out the checkbook. Let’s do this,” and are spending on new information technology.

Two events this past week indicate that for IT vendors, business is looking up. One is a report from Forrester Research forecasting IT spending growth in the U.S. of 9.9 percent this year, over last; global IT spending should grow by 7.8 percent. The other is Microsoft’s earnings report of a 48 percent increase in profit on a 22 percent increase in revenue in the quarter ended June 30, beating analysts’ forecasts.

Despite a string of news for Microsoft about will-they-won’t-they make a tablet computer, the Kin flop, losing the largest valuation title to Apple and uncertainty about whether Windows Phone 7 will be a hit, enterprises are spending money on IT and spending it at the Microsoft store.

Jeffries analyst Katherine Egbert called Microsoft’s results “sizzling” and expects its Windows business to see double-digit growth for the next two years, according to an AP story in which another analyst, Sasa Zorovic of Janney Capital Markets, attributed Microsoft’s record results to Windows 7,Office 2010 and SharePoint 2010.

Ten Windows 7 licenses are sold every second, Microsoft reported, for a total of 175 million since its introduction. Already, 15 percent of the PCs in the world are running the new operating system.

In spite of what some economists may be saying about a double-dip recession and stubbornly high unemployment, enterprises also must keep their eye on the calendar. Forrester attributes the stronger growth to companies “entering an innovation cycle marked by adoption of new technologies.” Many companies adhere to a refresh cycle where they replace servers, desktops and software on a regular basis and this must be the year. And just in time, Microsoft introduces Office 2010 and other enterprise software in the latest quarter.

Computer equipment and software will be the strongest categories, with PCs, peripherals, and storage equipment leading the computer category, and operating system software and applications setting the pace for software,” Forrester reported.

The Wall Street Journal put it more succinctly: “At some point, businesses have to buy new computers,” it reported yesterday.

Besides Microsoft, Intel also reported strong results, including a 34 percent jump in revenue. If Intel is selling more chips, that means computer makers are planning to build more computers and load them with software from companies like Microsoft. It’s nice how that all works out.


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