Investor Relations Update April 2015 Intro from Jim Bergkamp Hi everyone, It was great seeing some of you at Mobile World Congress in Barcelona earlier this month and hearing your key takeaways for HP. We’ve had a busy quarter and expect that to continue through the separation and beyond. On February 24, HP announced Q1 fiscal 2015 earnings. We delivered solid performance in our business operations, growing operating profit margins across all of our major business segments. While the strength of the dollar has been and will continue to be a challenge for HP, we were able to manage these impacts in the quarter and deliver earnings as expected. We’ll continue to share the latest information as we prepare to separate HP into two new Fortune 50 companies in November. As always, don’t hesitate to reach out with any questions. Sincerely, Jim Bergkamp Vice President, Hewlett Packard Investor Relations HP Investor Relations Updates HP to Acquire Aruba Networks On March 2, HP announced a definitive agreement to acquire Aruba Networks, a leading provider of wireless mobility solutions, for $24.67 per share in cash. The equity value of the transaction is approximately $3.0 billion, and net of cash and debt approximately $2.7 billion. Combining Aruba’s technology with HP’s leading switching portfolio will enable us to compete and win in the $18 billion and growing campus networking sector. The acquisition is consistent with HP’s strategy to focus the portfolio and allocate resources towards high-growth opportunities. HP at Mobile World Congress 2015 Earlier this month, we traveled to Barcelona to attend Mobile World Congress, where HP had a booth and we hosted several sessions with investors and sell-side analysts. At the event, HP announced that telecommunications company Telefonica selected HP to be the key technology provider and systems integrator for Telefonica’s Unica network virtualization project. Under the deal, Telefonica will use HP’s OpenNFV platform, which includes server, software, orchestration and networking technology as well as hooks into the HP Helion OpenStack® service. This demonstrates HP’s strategy to help carriers and providers handle the rising traffic demands and deliver the services users want. HP’s Annual Meeting of Stockholders On March 18, HP held its Annual Meeting of Stockholders, which, for the first time, was conducted via a live webcast. The online format allowed stockholders around the world to participate, and provided improved communication and cost savings for our stockholders and the company. Following the meeting, HP announced that the board of directors authorized a 10 percent increase in the amount of our regular quarterly dividend, to $0.176 per share. We also revealed the voting results of the four proposals, including the re-election of all 12 directors on HP’s board. Business & Technology Highlights HP Global Partner Conference At this year’s HP Global Partner Conference, our top partners learned about key sales plays and new marketing tools, along with details on how the separation will benefit the channel. HP announced new partner programs, including the HP Partner Navigator Program, which is designed to help HP partners through HP’s upcoming separation into two companies, and the Partner One Alliance, which is designed to help partners drive positive business outcomes for their customers. As we’ve said before, after the separation, both companies will have the same commitment to the channel that our partners have come to trust, but with more focus, flexibility, and accountability. HP Targets Service Providers with New Cloudline Servers Earlier this month, HP announced a new portfolio of servers, networking and solutions designed specifically for the unique compute requirements of service providers. As part of this announcement, HP introduced the HP Cloudline server family, which is a result of the HP-Foxconn joint venture. The Cloudline servers are cost-focused and customizable compute platforms that offer capacity on demand, flexible operations and low costs. HP’s Reveals Breakthrough LaserJet Printers In March, HP announced a re-engineered series of LaserJet printers designed to bring breakthrough printing technology to the modern office. Built around the latest in toner formulation – new Original HP Toner cartridges with JetIntelligence – the HP LaserJets use up to 53 percent less energy, take up to 40 percent less space and wake up, print and duplex in a fraction of the time. VIDEO: Everything is Connected - Now All You Need is a Platform: Internet of Things SLIDESHOW: Gigabit Nation - Is Your City a High Speed Broadband Connectivity Hub? VIDEO: Innovating an End to the Big Data Storage Crisis Blog Posts  HP Acquires Aruba Networks to Create an Industry Leader in Enterprise Mobility  HP CFO Cathie Lesjak on Q1 FY15 Earnings  Content Barons, Smart Dust & SkyNet: 6 Telecommunications Disruptions for 2020  What’s Next for China? The Chinese Telecom Industry’s Effect on its Economy  The HP Perspective: Network Functions Virtualization & Cloudification Events APRIL 20-24, 2015 RSA Conference Add To Calendar JUNE 3, 2015 HP Discover Las Vegas: IR Summit Add To Calendar HP.com Investor Relations Privacy Unsubscribe Updated Profile The OpenStack Word Mark is either a registered trademark/service mark or trademark/service mark of the OpenStack Foundation, in the United States and other countries and are used with the OpenStack Foundation's permission. 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