H-P Wins Cerner Contract - Analyst Blog
28 August 2013 - 9:00PM
Zacks
Hewlett-Packard’s
(HPQ) analytical platform, Vertica, has been chosen by
Cerner Corporation (CERN), a provider of health
care delivery systems.
H-P’s Vertica Analytics Platform,
part of the HP HAVEn initiative has provided Cerner with the
required analytics and data management services and solutions to
improve the performance of Cerner’s Millennium and Health Facts
solutions.
Leveraging H-P’s Vertica Analytics
Platform, Cerner is now able to manage and analyze large amounts of
information for efficient and advanced clinical analysis and
improved patient care.
H-P has realized that better
management and analysis of data can help companies efficiently
manage their customers. With this in mind, H-P has recently shifted
its focus toward the analytics market. However, other consulting
and IT companies such as Accenture Plc. (ACN),
International Business Machines (IBM) and
Cognizant Technologies have been in the analytics market for quite
some time which might make it difficult for H-P to pick up market
share.
As per a recent research report
published by Gartner, the global analytics and business
intelligence market is expected to grow 7.0% in 2013. Though this
growth rate seems decent, it is low compared with the 16.0% growth
estimated for 2011.
Gartner also expects the growth
rate to remain in the single-digit range for the next few years. At
the end of 2013, the analytics and business intelligence market
will remain at $13.8 billion and grow to $17.1 billion by 2016.
Nonetheless, H-P is still reeling
under pressure from the declining PC business and broad-based
revenue declines from its other revenue generating segments. The
company has also hinted at muted revenue growth in 2014.
However, H-P’s growing focus on new
business segments, such as electronic medical records, cloud
computing and the recently added analytics will help the company to
grow in the coming quarters.
Currently, H-P has a Zacks Rank #3
(Hold).
ACCENTURE PLC (ACN): Free Stock Analysis Report
CERNER CORP (CERN): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
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