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HEWLETT PACKARD ENTERPRISE (HPE)
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Hewlett Packard : UH Data Science Institute Receives $10 Million Boost from Hewlett Packard Enterprise

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11/03/2018 | 01:26pm CET

(GlobeNewswire) - The University of Houston announced a new collaboration with Hewlett Packard Enterprise (NYSE: HPE) on Friday, including a $10 million gift from HPE to the University. The gift from HPE will benefit the Universitys Data Science Institute and include funding for a scholarship endowment, as well as both funding and equipment to enhance data science research activities.

At HPE, we have a robust presence in Houston and a long history of partnership with the University of Houston. In fact, a significant portion of our workforce here are alumni, so we are thrilled to have an opportunity to drive innovation in data science and shape the future workforce in that area, said Mark Potter, Chief Technology Officer, HPE, and Director, Hewlett Packard Labs. We look forward to continuing to expand the partnership over time and tackling meaningful research that will accelerate discoveries for the industry.

In todays information age, the data being created is only as valuable as the insights that are gleaned from it. The secrets to scientific breakthroughs and industry-changing innovations hide in plain sight behind mountains of data. Data science is the key to unlocking these breakthroughs and critical as companies undergo digital transformation.

Amr Elnashai, vice president for research and technology transfer at UH, said the alliance with HPE will expand the Universitys ability to respond to some of the biggest challenges facing the region.

This partnership will enhance our capacity to deploy data science tools to address challenges in the healthcare, energy and smart materials sectors in the Houston area, from health data mining to data-enabled oil and gas exploration, he said.

HPEs collaboration with the University is part of a larger movement focused on accelerating the development of Houstons innovation economy, led by organizations like Houston Exponential. Gina Luna, chair of Houston Exponential, which is charged with accelerating development of the regional digital tech ecosystem, said enhancing Houstons position as a leader in data sciences is an important piece of that plan.

HPEs commitment to this program at UH is exciting for Houston, she said. As our core industries digitize, leveraging the power of data is critical to that transformation, and collaborations between industry and academia are a key component. This partnership, along with many others, is essential to accelerating our progress as a global leader in this area.

The collaboration between HPE and UH will go beyond funding, with HPE leaders serving as lecturers for UH classes and UH researchers helping to solve complex problems for HPE customers. Students will work on research areas suggested by HPE, part of an effort to ensure students and faculty are focused on real-world problems.

UH offers a number of certificate and degree programs in data analytics, statistics and related fields, and researchers from a variety of disciplines use data science in work ranging from health care diagnostics and imaging to improving the safety of offshore drilling.

Paula Myrick Short, senior vice president for academic affairs and provost, said the gift will benefit students in a number of ways, from scholarships to opportunities to address some of societys greatest challenges.

Data science is profoundly changing society, she said. The enhanced educational opportunities available to UH students through this gift will translate to increased student engagement and a better prepared workforce.

The UH Data Science Institute will be renamed the Hewlett Packard Enterprise Data Science Institute (HPE DSI) in recognition of the alliance. The HPE gift contributes to the Universitys $1 billion Here, We Go Campaign, the first major fundraising campaign in more than 25 years, in support of major University initiatives.

About the University of HoustonThe University of Houston is a Carnegie-designated Tier One public research university recognized with a Phi Beta Kappa chapter for excellence in undergraduate education. UH serves the globally competitive Houston and Gulf Coast Region by providing world-class faculty, experiential learning and strategic industry partnerships. Located in the nation`s fourth-largest city and one of themost ethnically and culturally diverse regions in the country, UHis a federally designated Hispanic- and Asian-American-Serving institution with enrollment of more than 46,000 students.

About Hewlett Packard Enterprise Hewlett Packard Enterprise is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud. HPE enables customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future.

Media contacts:

Lindsey BerryhillJeannie Kever

Hewlett Packard EnterpriseUniversity of Houston

Lindsey.berryhill@hpe.comjekever@uh.edu

650-258-6411713-743-0778

(c) 2018 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 30 728 M
EBIT 2018 2 748 M
Net income 2018 2 976 M
Debt 2018 6 326 M
Yield 2018 2,53%
P/E ratio 2018 7,86
P/E ratio 2019 15,77
EV / Sales 2018 0,93x
EV / Sales 2019 0,96x
Capitalization 22 369 M
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Mean consensus HOLD
Number of Analysts 23
Average target price 18,7 $
Spread / Average Target 23%
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Antonio Fabio Neri President, Chief Executive Officer & Director
Patricia Fiorello Russo Chairman
Tarek A. Robbiati Chief Financial Officer & Executive Vice President
Margaret C. Whitman Director
Daniel Ammann Independent Director
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