Hewlett-Packard Company (NYSE:HPQ)’s HP Data Protector and HP StoreOnce Catalyst hitting UK Market

Hewlett-Packard Company (NYSE:HPQ) is assisting UK based company North Shore Credit Union (NSCU) in storing, retrieving and processing its data. However, NSCU has contracted with Autonomy which is an offshoot of HPQ in this regard.

Nevertheless, Autonomy is providing two distinctive services to the financial company that are HP Data Protector and HP StoreOnce Catalyst Furthermore, the former one is designed to effectively encrypt the data in order to minimize the threat of hacking and the other one serves as a mean for speeding up the process of data storage and access.

Additionally, NSCU does not have to use conventional method of recalling tapes in order to access historical data because StoreOnce provides them with the simultaneous access of both previous and updated information in the system and therefore, North Shore Credit Union is able to get a cost advantage of $130,000 annually.

During the recent trading activity Hewlett-Packard Company (NYSE:HPQ) held volume of 26.07 million shares with 1.97 billion shares outstanding and 1.95 billion shares floated in market. In the past twelve months company scored revenue of $120.36 billion and had -$12650.00 million in earnings. The stock gave a gross margin of +23.02% whereas operating margin was -9.19%.

Hewlett-Packard kicked off the trading session at $14.50 and during the session edged up 1.72% and finally settled at $14.75. The latest dividend per share paid to stockholders in recent quarter, also known as div/yield was 3.58% for the firm. Beta value, the measure of stock’s risk in relation to its market or alternative benchmark was 1.07.

The technology sector firm’s top rivals include Dell Inc. (NASDAQ:DELL) that moved down -0.95% to $10.43 with the total traded volume of 18.73 million shares and International Business Machines Corp. (NYSE:IBM) that dropped -0.12% to $191.76 with the total traded volume of 3.83 million shares.

HPQ is ahead of its 52 weeks low with 31.19% and lagging behind from its 52 weeks high price with -49.43%. HPQ’s last month’s stock price volatility remained 3.98%. The stock price of HPQ is moving forward from its 20 days moving average with +12.37% and remote positively from 50 days moving average with +7.35%.