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HP faces major challenges swallowing its $13.9 billion EDS acquisition, warn analysts, highlighting the services giants recent struggles in a tough economic climate.
Goldman Sachs analyst David Bailey, for example, voiced his concern over HPs decision to buy a slow/no growth services company at a time when users are tightening their purse-strings.
Even with HPs track record of improving profitability in struggling businesses, it will undoubtedly take time for HP to improve EDSs margins, given the ongoing cost cuts over the last few years at the company," he wrote in a note released this morning.
EDSs recent first-quarter profits were down year-over-year, and the services giant has been shedding staff for some time in an attempt to streamline its business and get its costs under control, particularly after the recent loss of a Verizon contract worth up to $9 billion.
Baird analyst Jayson Noland also voiced concern about the deal.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
