Clearly looking to turn HPs services business into a cash cow a la IBM Global Services, Hurd threw open the coffers earlier this week, despite analyst concerns about EDSs ongoing financial performance.
The outsourcing giant has not had the easiest time of it recently, taking a financial hit as users move away from mega-deals with a single vendor and even pull their servers and storage back in-house.
TBR analyst Lindy Hanson nonetheless thinks that Hurd knows exactly what he is doing -- and in her view, that has been evident since his appointment as CEO just over three years ago.
At that time, Hurd overhauled HPs services business, she says, making tough decisions that meant a short-term revenue hit. He got them out of deals that didnt make sense to be in, and over time, HP services came back with a much stronger organization from a competitive standpoint, explains the analyst. You have to look at Hurd as someone who is not afraid to take a hit on the top line for its long-term potential.