HOUSTON—Hewlett Packard Enterprise Co. will move its headquarters here, a major shift for a founding Silicon Valley computer maker now focused on cost-cutting measures and motivated by work-from-anywhere arrangements. The company is already building a new campus in Houston.
The spread of COVID-19 and the subsequent economic slowdown suppressed demand for networking and computer hardware. HPE reported quarterly revenue that topped analysts' predictions, indicating that businesses are indeed upgrading data center hardware during the pandemic and firms are investing in gear to make remote working efficient, according to Bloomberg.
A maker of servers, storage hardware and networking gear, HPE was created in the 2015 split of one of the Bay Area technology companies, Hewlett-Packard Co. Bloomberg reports that HPE has posted declining revenue in all but one quarter since the split.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
