There’s been a great deal of confusion in the industry about the cloud. In simplest terms, the cloud is the next stage in the evolution of the internet. Through the cloud, everything will be delivered as a service, from computing power to business processes to personal interactions.
At HP, over the past several years, we have executed a strategy that puts us in an ideal position to capitalize on this trend. We began with Compaq to establish ourselves as the leader in hardware, as that segment steadily moves toward open systems and architectures and always connected devices. To differentiate our hardware, we expanded our software portfolio and acquired 11 software companies in 4 years, including Mercury, Opsware and Peregrine. We then acquired EDS and put a services arm with global scale and expertise at the head of our enterprise business.
In short, we have laid the groundwork to offer an integrated cloud ecosystem — or any of its parts as discrete components — to all of our customers. At the same time, we have developed cloud services adjacent to our core businesses. From digital printing to IT infrastructure itself, we have offerings as broad and varied as HP's portfolio.