Major Growth of Hewlett Packard - Essay Example

The company was started in 1939 and currently holds the 9th rank in the fortune 500 companies, as of 2009. The company has its headquarters in Palo Alto, Calif. The company’s total revenue as of July 2008 has been calculated to be a whopping $113.1 billion. The company elected Mark Hurd as the CEO and President of the company on 29 March 2005. Since then Hurd has been working aggressively to ensure the company reaches higher levels of success. He has made several changes to the organization in terms of the culture, structure, and controls used.

The main products of Hewlett Packard include Personal Computers, Laptops, Printers, Scanners, and other utilities. The company also develops the software necessary for running its products such as printers, scanners, webcams, etc (HP). The company’s code is HPQ in the NYSE. The company has moved up from the 14th position in the Fortune 500 to the 9th position. The company has seen a high level of increase in revenue and earning, as much as 13% and 15% respectively. HP has been the leader in core technology areas. The company has three main business groups, i.e. The Personal Systems Group – which deals with business and consumer PCs and also with mobiles and computing devices, b) The Imaging and Printing Group – Which deals with inkjet, LaserJet, supplies for printing, and many more and c) the Technology Solutions Group – which mainly deals with the business products like storage, servers and managed services.