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Hewlett-Packard Company : Cloud Services Provider CenterBeam Selects HP to Support Customer Demand

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03/19/2012 | 11:57am EDT

Cloud Services Provider CenterBeam Selects HP to Support Customer Demand

HP Converged Infrastructure, cloud-ready solutions enable CloudAgile partner to expand offerings

PALO ALTO, Calif., March 19, 2012

HP today announced that cloud services provider CenterBeam has selected HP Converged Infrastructure to support the increased capacity demands of its cloud service offerings and joined the HP CloudAgile Program.

Sunnyvale, Calif.-based CenterBeam provides midsize businesses with enterprise-class cloud computing services, including hosted customer relationship management (CRM), hosted collaboration, virtual data center services and data storage management.

The rapid expansion of the cloud services market required CenterBeam to replace its EMC-based infrastructure, including EMC CLARiiON storage systems, to support significant customer data growth.

After evaluating solutions from Dell and EMC, CenterBeam selected HP VirtualSystem, including HP 3PAR storage and HP ProLiant BL460c G7 server blades, as the backbone for its hosted platform.

Migrating to HP 3PAR F400 Storage and HP VirtualSystem solutions has enabled CenterBeam to boost its storage throughput tenfold.(1) CenterBeam's new infrastructure also enables its customers to store large amounts of infrequently used data to maintain high performance of mission-critical applications.

HP VirtualSystem provides CenterBeam a rapid path to agile and efficient virtualized application solutions. Its balanced architecture eliminates performance bottlenecks, while integrated management simplifies deployment and security across physical and virtual environments.

CenterBeam was able to reduce overall storage costs by more than 50 percent(2) using HP 3PAR Adaptive Optimization software, which automatically moves infrequently used data from expensive Fibre Channel and flash drives to affordable SATA drives.

In addition, CenterBeam decreased storage administration by 60 percent(2) with thin provisioning and a simplified management interface for seamless growth of its Microsoft

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Financials ($)
Sales 2018 57 577 M
EBIT 2018 4 221 M
Net income 2018 4 592 M
Debt 2018 978 M
Yield 2018 2,36%
P/E ratio 2018 8,41
P/E ratio 2019 11,30
EV / Sales 2018 0,67x
EV / Sales 2019 0,64x
Capitalization 37 525 M
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 25,1 $
Spread / Average Target 6,6%
EPS Revisions
Dion J. Weisler President, Chief Executive Officer & Director
Charles Victor Bergh Independent Chairman
Catherine A. Lesjak Chief Financial Officer & Executive Vice President
Shane D. Wall Chief Technology Officer
Shumeet Banerji Independent Director
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