On Friday, HPE completed the spinoff of almost all of its software business operations, and merged its enterprise software business with British software company Micro Focus International. The move includes HPE’s ArcSight security software platform.
HPE had announced plans for the spinoff several months ago, and the move was viewed with a mix of relief and consternation by analysts, many of whom have begun to question the strategic direction of HPE Chief Executive Meg Whitman.
For HPE, the spinoff comes four days before the company reports its third-quarter results. Analysts have forecast HPE to earn 26 cents a share, on $7.49 billion in sales, compared with a profit of 49 cents a share, on $12.21 billion in revenue, a year ago.