HP wins deal with Indian manufacturing firm

by CXOtoday News Desk    Jun 26, 2013

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Hewlett-Packard’s storage division has won a $4 million (Rs 24 crore) deal from an Indian manufacturing company. This is the largest deal this division has won from the fast-growing Asia Pacific region, according to a senior company executive.

“India is opening up to storage products after almost two years of slowness. We expect this to go up,” said Mike Prieto, Head of HP’s storage division for the Asia Pacific region.

US based HP, which reported a 10 percent fall in sales in the just ended quarter, has had a lean patch  since 2012. They recently announced job cuts for 29,000 employees by 2014 in an effort to restructure the organization by saving costs.

The Indian IT infrastructure market, consisting of servers, storage and networking equipments, is expected to touch $2.1 billion in 2013, growing 9.7percent compared to 2012, according to Gartner.