" ITREALMS: HP revenue soars — IDC reports

Wednesday, October 04, 2006

HP revenue soars — IDC reports

Remmy Nweke

DESPITE current boardroom imbroglio at its headquarters in the United States (US), the global Information Technology (IT) solution provider, Hewlett Packard (HP) has been ranked among the highest in revenue generation.

This indication was contained in a study conducted by Manufacturing Insights, a subsidiary of International Data Corporation (IDC), just as the new competitive analysis report, focused on vendors who currently have hardware, software and IT services offerings.

The report revealed that HP, International Business Machines (IBM), and Dell had the highest revenues for 2005 in Western Europe.

Additionally, the report stated that the revenue for their three revealed the 2005 revenue data for each, as well as an overview of these manufacturing IT players and influence on the market.
Research director, Manufacturing Insights, Pierfrancesco Manenti, said there is no doubt that competition in the manufacturing space is becoming increasingly tough, as manufacturers are now being asked for more with less.

“In fact, manufacturers are looking for cost-effective and fast implementations that can drive a clear return on investment,” Manenti said.

The report further said that in order to respond to this need, most IT vendors have adopted a “by-vertical” organization that strengthens industry skills and enables the company to address the singular requirements of the diverse manufacturing sub-industries.

In this study, Manufacturing Insights profiled 12 top IT vendors and maps them on three indicators, namely in Western European manufacturing industry revenue, and percentage of manufacturers’ revenue over total the regional revenue, and vertical alignment of go-to-market approach.

Also the report found top IT vendors to the Western European manufacturing industry were at varying stages of their verticalization strategies, depending on business goals and focus.

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