HP enterprise to merge with CSC
HP Enterprise to merge IT services unit with Computer Sciences
(Reuters) - Hewlett Packard Enterprise Co (HPE.N) said it would spin off and merge its struggling IT services business with Computer Sciences Corp (CSC.N), allowing the company to focus on its cloud services business and other fast-growing units. Shares of Hewlett Packard Enterprise, formed after Hewlett-Packard Co formally split in November, rose 10.5 percent in extended trading on Tuesday.
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