Finweek English Edition - - Communication & technology -

AF­TER A COU­PLE OF YEARS OF strug­gling with de­clin­ing mar­ket share in most of its di­vi­sions fol­low­ing the ac­qui­si­tion of ri­val Com­paq in 2002, HP has not only re­gained the top spot in the global PC mar­ket by sur­pass­ing Dell last year, but can now also of­fi­cially be called the big­gest IT com­pany in the world.

With rev­enues ex­pected to top US$100bn (R710bn) in 2007 it has al­ready over­taken IBM. The $4,5bn ac­qui­si­tion of Mer­cury in 2006 makes HP the sixth largest soft­ware com­pany in the world, and its net­work­ing di­vi­sion ProCurve has moved from num­ber five to sec­ond spot glob­ally in five years.

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