IT Reports: Cisco Systems, Inc. (CSCO)’s 2 Millionth Certification, Hewlett-Packard Company (HPQ)’s Open Cloud, International Business Machines Corp. (IBM)’s New Outsourcing Contracts

Editor’s Note: Cisco Systems, Inc. (NASDAQ:CSCO), Hewlett-Packard Company (NYSE:HPQ), International Business Machines Corp. (NYSE:IBM), Wipro Limited (ADR) (NYSE:WIT)

Cisco Issues 2 Millionth Certification; Celebrates 20th Anniversary of Industry-Leading CCIE (Technology Digital)
As the Internet of Everything (IoE) continues to bring together people, processes, data and things to make networked connections more relevant and valuable than ever before, the need for technical talent continues to increase. Cisco Systems, Inc. (NASDAQ:CSCO) today announced the 20th anniversary of its CCIE® certification, as well as the issuance of its 2 millionth career certification. In addition, research commissioned by Cisco demonstrates the value that Cisco certifications bring to organizations of all types. Cisco Systems, Inc. (NASDAQ:CSCO) addresses the need for technical talent worldwide for its customers, partners and employees by delivering the talent development, training and certifications needed to prepare the workforce of today to meet the demands of tomorrow.

Hewlett-Packard Company (NYSE:HPQ)

HP’s Brian Aker: Open Cloud Gains Importance Post-PRISM (
Since the National Security Agency’s PRISM surveillence program was leaked to the press in June, the public and corporate backlash has some analysts estimating billions of dollars in losses for the IT services industry. In this context, developing an open source alternative to commercial cloud platforms becomes even more important, argues Brian Aker, a fellow in the Hewlett-Packard Company (NYSE:HPQ) cloud services division. In projects such as OpenStack, contributors have the opportunity to build cloud software that’s not only transparent, but also highly customizable “so that there is no option to recover user data, for example,” Aker says.

IBM & Wipro Sign Outsourcing Contracts With Sears Canada (Nearshore Americas)
Sears Canada has reportedly decided to outsource most of its IT and accounting functions in an attempt to cut costs and focus on its core retailing business. The retailer has struck a deal with US technology giant International Business Machines Corp. (NYSE:IBM), Wipro Limited (ADR) (NYSE:WIT) and Indian outsourcer Wipro Limited (ADR) (NYSE:WIT) to have these functions carried out in low-cost countries such as the Philippines and India. Most of the IT work will be done in the Philippines while the finance and payroll work will take place in India, reported the Financial Post. The plan, however, is leading the retailer to lay off about 250 employees in Canada.

Cisco layoffs announced in the face of changing networking market (TechTarget)
Despite a good 2013 fourth quarter, highlighted by continued revenue growth and strong U.S. sales, networking heavyweight Cisco Systems, Inc. (NASDAQ:CSCO) announced plans to slash its headcount by 5%, effectively cutting 4,000 jobs. Cisco says the job cuts are aimed helping the company grow faster by putting the resources into the right business units, but many industry observers say Cisco is also recognizing that the networking industry is changing, and Cisco must change with it.

Hewlett-Packard Company (NYSE:HPQ) expected to report a plunged earnings report and Apple share fall in Chinese market (Fiscal Insider)
Hewlett-Packard Company is expected to report its third quarter financial report today on 21 August after the market close. As the PC market is gradually collapsing, but a positive earning of HPQ may provide a sign in corporate technology of the PC market up lift. According to the analyst from FactSet, Hewlett-Packard Company (NYSE:HPQ) is likely to declare a profit of 86% on each share and revenue of $27.3 billion. But the company in Q3 2012 reports an adjusted profit of $1/share and revenue of $29.7 billion.

IBM Unveils Big Data and Analytics-based Dashboard to Boost Enterprise Risk Management (Wall Street Journal)
International Business Machines Corp. (NYSE:IBM), Wipro Limited (ADR) (NYSE:WIT) today announced the industry’s first integrated enterprise risk management solution that helps financial services clients maximize profitability, ease compliance and boost risk-aware decision making. The new IBM Signature Solution — risk management for credit lifecycle management enables C-suite decision-makers to drive an integrated approach to monitor credit exposure across an organization. For the CFO, the solution features a dashboard that provides visibility into the wholesale credit touchpoints that extend from the front office to the back office.