Antonio Neri, President and CEO of Hewlett Packard Enterprise.
Anjali Sundaram | CNBC
Hewlett Packard Enterprise is the latest tech company to shift its focus away from Silicon Valley, announcing Tuesday that it will relocate its headquarters from San Jose, California, to Houston, Texas.
“HPE’s largest U.S. employment hub, Houston is an attractive market to recruit and retain future diverse talent, and is where the company is currently constructing a state-of-the-art new campus,” the company said in its fourth quarter earnings release. It’s unclear how many employees the move will affect, though the company said no layoffs will be with the move.
HPE will keep the San Jose campus, and will consolidate some of its Bay Area sites there, it said.
For its fourth quarter, the company reported:
- Revenue: $7.21 billion vs $6.88 billion expected, according to a consensus estimate from Refinitiv.
- Earnings: $0.37 per share (adjusted), compared with $0.34