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    Test Number : HP2-E51
    Test Name : Selling HP Cloudsystem and Converged(R) Infrastructure Solutions
    Vendor Name : HP
    dumps : 65 Dumps Questions

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    Selling HP Cloudsystem and Converged(R) Infrastructure Solutions book

    10-k: HEWLETT PACKARD CO | HP2-E51 Dumps and Real exam Questions with VCE Practice Test

    (EDGAR online by way of COMTEX) -- merchandise 7. administration's discussion and analysis of financial situation and results of Operations.

    HEWLETT-PACKARD company AND SUBSIDIARIES

    management's dialogue and evaluation of economic condition and effects of Operations

    This management's dialogue and evaluation of financial situation and consequences of Operations ("MD&A") is prepared as follows:

    We intend the dialogue of their financial situation and consequences of operations that follows to provide suggestions that will aid the reader in knowing their Consolidated financial Statements, the changes in definite key objects in these fiscal statements from year to year, and the simple elements that accounted for those adjustments, in addition to how definite accounting ideas, guidelines and estimates have an effect on their Consolidated fiscal Statements. This discussion may still be study in conjunction with their Consolidated fiscal Statements and the connected notes that seem in different places during this doc.

    October 2014 Announcement of HP Separation Transaction

    On October 6, 2014, they introduced plans to separate into two unbiased publicly-traded organizations: one comprising their commercial enterprise expertise infrastructure, utility, features and financing organizations, for you to habits business as Hewlett-Packard enterprise and one in an effort to incorporate their printing and private programs groups, which will habits enterprise as HP Inc. The separation is area to certain situations, including, amongst others, acquiring ultimate approval from HP's Board of administrators, receipt of a favorable opinion and/or rulings with recognize to the tax-free nature of the transaction for federal earnings tax purposes and the effectiveness of a form 10 submitting with the SEC. The separation is expected to be accomplished with the aid of the conclusion of fiscal 2015. under the separation plan, HP shareholders will personal shares of both Hewlett-Packard enterprise and HP Inc. right here chart offers an overview of the deliberate separation and segment revenues of the respective organizations in line with HP's fiscal 2014 outcomes, aside from corporate Investments and intercompany eliminations.

    desk of Contents

    HEWLETT-PACKARD company AND SUBSIDIARIES

    management's discussion and analysis of financial condition and consequences of Operations (endured)

    [[Image Removed: GRAPHIC]]

    the following Overview, results of Operations and Liquidity discussions and evaluation evaluate fiscal 2014 to fiscal 2013 and fiscal 2013 to fiscal 2012, except otherwise stated. The Capital resources and Contractual and other responsibilities discussions latest suggestions as of October 31, 2014, except in any other case cited.

    OVERVIEW

    we are a leading global provider of products, applied sciences, utility, options and functions to particular person consumers, small- and medium-sized businesses ("SMBs") and large corporations, including valued clientele within the executive, fitness and education sectors. Their offerings span right here:

    table of Contents

    HEWLETT-PACKARD company AND SUBSIDIARIES administration's discussion and analysis of monetary situation and outcomes of Operations (endured) here offers an overview of their key financial metrics by way of segment for fiscal 2014: Printing and private methods neighborhood HP very own business commercial enterprise company Consolidated techniques Printing total neighborhood services application HPFS Investments(2) greenbacks in hundreds of thousands, except per share amounts web salary(1) $ 111,454 $ 34,303 $ 22,979 $ 57,282 $ 27,814 $ 22,398 $ 3,933 $ 3,498 $ 302 12 months-over-yr trade % (0.eight )% 6.6 % (3.eight )% 2.2 % (1.0 )% (6.9 )% (2.2 )% (three.6 )% NM income from operations(1) $ 7,185 $ 1,270 $ four,185 $ 5,455 $ four,008 $ 803 $ 872 $ 389 $ (199 ) earnings from operations as a % of internet earnings 6.four % 3.7 % 18.2 % 9.5 % 14.4 % 3.6 % 22.2 % 11.1 % NM 12 months-over-year exchange percent points 0.0 pts 0.7 pts 1.7 pts 0.7 pts (0.8 ) pts 0.8 pts 0.6 pts 0.1 pts NM net income $ 5,013 net revenue per share basic $ 2.sixty six Diluted $ 2.62 -------------------------------------------------------------------------------- (1)

    (2)

    HP internet revenue declined 0.eight% (lowered 0.4% on a continuing currency groundwork) in fiscal 2014 as in comparison to fiscal 2013. The leading contributors to the HP web profits decline had been key account runoff in ES and lessen Printing supplies extent. partly offsetting the internet profits decline turned into growth in very own techniques from industrial very own computer systems ("PCs"), which experienced boom throughout all product classes, along with increase in consumer notebooks. HP's gross margin increased by means of 0.8 percent facets in fiscal 2014 due essentially to provider beginning efficiencies and improvements in underperforming contracts in ES and favorable forex impacts from the eastern Yen and continued can charge constitution advancements in Printing. They proceed to adventure gross margin pressures resulting from a competitive pricing atmosphere throughout their hardware portfolio. HP's working margin become flat for fiscal 2014 as in comparison to fiscal 2013 because of the gross margin raise, more desirable enterprise performance basically in Printing, ES and personal techniques, and lessen intangible asset amortization, offset by using higher restructuring costs, investments in analysis and development ("R&D"), and better selling, usual and administrative ("SG&A") fees. The boost in SG&A prices was partially offset by way of positive factors from sales of true property.

    Our enterprise continues to supply colossal money move from operations, generating $12.three billion in fiscal 2014. moreover, they invested $3.0 billion in property, plant and gadget net of proceeds from earnings, repurchased $2.7 billion of standard stock and paid dividends of $1.2 billion to stockholders. As of October 31, 2014, cash and cash equivalents and brief- and long-time period investments had been $15.5 billion, representing an increase of approximately $3.0 billion from October 31, 2013.

    We continue to adventure challenges that are consultant of traits and uncertainties that can also have an effect on their business and results of operations. One set of challenges pertains to carrying on with dynamic and accelerating market tendencies. another set of challenges pertains to alterations in the aggressive landscape. Their fundamental competitors are expanding their product and repair choices with integrated items and

    table of Contents

    HEWLETT-PACKARD company AND SUBSIDIARIES

    administration's discussion and evaluation of monetary condition and outcomes of Operations (continued)

    solutions, their enterprise-specific competitors are exerting elevated competitive pressure in centered areas and are getting into new markets, their emerging opponents are introducing new technologies and enterprise fashions, and their alliance companions in some companies are increasingly becoming their rivals in others. a third set of challenges pertains to business model adjustments and their go-to-market execution. The macroeconomic weak point they now have experienced has moderated in some geographic regions however continues to be an standard challenge. A discussion of some of those challenges on the phase level is decided forth under.

    desk of Contents

    HEWLETT-PACKARD company AND SUBSIDIARIES

    administration's dialogue and evaluation of monetary condition and effects of Operations (endured)

    boom in trade usual Servers ("ISS"), Networking and TS, due partially to product innovation and new product introductions in cloud and facts center computing. These products construct on their existing capabilities in cloud, protection, big information and converged infrastructure and include CloudSystem 8, HP Helion, HP Apollo and help solutions equivalent to Proactive records middle and versatile capacity capabilities.

    To tackle these challenges, they proceed to pursue innovation with a view towards setting up new items and functions aligned with market demand, industry traits and the needs of their valued clientele and partners. moreover, they deserve to proceed to enhance their operations, with a specific focal point on improving their end-to-conclusion procedures and efficiencies. They also deserve to proceed to optimize their income coverage models, align their sales incentives with their strategic dreams, enrich channel execution, enhance their capabilities in their areas of strategic center of attention, and increase and capitalize on market alternatives.

    For an additional dialogue of developments, uncertainties and different components that might affect their operating results, see the part entitled "possibility elements" in merchandise 1A, which is integrated herein by using reference.

    critical ACCOUNTING guidelines AND ESTIMATES

    time-honored

    The Consolidated economic Statements of HP are prepared according to united states ("U.S.") generally accredited accounting concepts ("GAAP"), which require administration to make estimates, judgments and assumptions that affect the mentioned quantities of belongings, liabilities, web earnings and expenses, and the disclosure of contingent liabilities. administration bases its estimates on historic event and on numerous different assumptions that it believes to be reasonably-priced below the instances, the results of which form the basis for making judgments in regards to the carrying amount of property and liabilities that are not simply obvious from other sources. management has discussed the construction, selection and disclosure of these estimates with the Audit Committee of HP's Board of administrators. management believes that the accounting estimates employed and the ensuing quantities are inexpensive; youngsters, genuine outcomes may additionally vary from these estimates. Making estimates and judgments about future events is inherently unpredictable and is discipline to huge uncertainties, a few of which are past their control. may still any of those estimates and assumptions trade or prove to have been fallacious, it may have a cloth affect on their outcomes of operations, economic position and cash flows.

    desk of Contents

    HEWLETT-PACKARD enterprise AND SUBSIDIARIES

    administration's dialogue and evaluation of fiscal situation and results of Operations (persisted)

    A summary of large accounting policies is protected in word 1 to the Consolidated financial Statements in item eight, which is incorporated herein by way of reference. An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about concerns which are particularly doubtful on the time the estimate is made, if diverse estimates moderately might have been used, or if alterations within the estimate which are reasonably possible could materially impact the economic statements. management believes right here vital accounting policies mirror the giant estimates and assumptions used within the training of the Consolidated financial Statements.

    earnings recognition

    We recognize salary when persuasive facts of an arrangement exists, delivery has occurred or functions are rendered, the sales price or payment is fastened or determinable and collectibility is fairly certain, as well as different salary focus principles, together with industry certain income recognition assistance.

    We enter into contracts to promote their items and services, and whereas lots of their income agreements comprise normal phrases and stipulations, there are agreements they enter into which include non-average phrases and stipulations. additional, a lot of their arrangements encompass dissimilar elements. subsequently, enormous contract interpretation may be required to check the applicable accounting, including the identification of deliverables regarded to be separate units of accounting, the allocation of the transaction fee amongst points within the arrangement and the timing of salary attention for each of these features.

    We admire revenue for delivered elements as separate devices of accounting when the delivered facets have standalone value to the customer. For points with no standalone value, they respect profits consistent with the pattern of the linked deliverables. If the arrangement contains a customer-negotiated refund or return appropriate or different contingency relative to the delivered items and the start and performance of the undelivered items is regarded in all likelihood and radically inside their control, the delivered factor constitutes a separate unit of accounting. In arrangements with combined units of accounting, changes within the allocation of the transaction expense between aspects may additionally affect the timing of salary consciousness for the contract however will no longer alternate the entire salary recognized for the contract.

    We set up the selling expenses used for every deliverable in line with supplier-selected aim evidence ("VSOE") of selling fee, if purchasable, third-birthday celebration proof ("TPE"), if VSOE of selling fee is not obtainable, or estimated selling cost ("ESP"), if neither VSOE of marketing cost nor TPE is attainable. They establish VSOE of promoting fee the use of the fee charged for a deliverable when offered one by one and, in infrequent cases, using the rate established by means of management having the imperative authority. TPE of marketing rate is centered by means of evaluating mostly equivalent and interchangeable competitor products or services in standalone revenue to in a similar fashion established valued clientele. ESP is based in line with administration's judgment when you consider that internal elements reminiscent of margin goals, pricing practices and controls, consumer section pricing ideas and the product life cycle. Consideration is additionally given to market conditions comparable to competitor pricing concepts and industry technology lifestyles cycles. They may alter or develop new go-to-market practices in the future, which can result in adjustments in selling fees, impacting each VSOE of selling rate and ESP. In most preparations with distinct elements, the transaction cost is allocated to the particular person contraptions of accounting at inception of the arrangement based on their relative promoting expense. besides the fact that children, the aforementioned components can result in a special allocation of the transaction fee to deliverables in assorted element arrangements entered into in future intervals. This may additionally trade the demo and timing of earnings cognizance for similar

    desk of Contents

    HEWLETT-PACKARD company AND SUBSIDIARIES

    management's discussion and evaluation of economic situation and outcomes of Operations (persevered)

    preparations completed in future periods, however will no longer alternate the whole income diagnosed for any given arrangement.

    We in the reduction of earnings for consumer and distributor courses and incentive choices, including rate insurance plan, promotions, other volume-based incentives and anticipated returns. Future market situations and product transitions may also require us to take actions to enhance customer incentive offerings, maybe leading to an incremental reduction of profits on the time the inducement is offered. For definite incentive classes, they estimate the number of shoppers anticipated to redeem the motivation in line with historic journey and the selected terms and prerequisites of the incentive.

    For hardware products, they appreciate salary generated from direct sales to end consumers and oblique earnings to channel companions (together with resellers, distributors and cost-added answer providers) when the income cognizance criteria are convinced. For indirect earnings to channel companions, they appreciate earnings on the time of beginning when the channel companion has economic substance other than HP and HP has completed its tasks concerning the sale.

    For the various application products they promote (e.g., operating gadget software, community enabling utility, IT and administration application and commercial enterprise protection utility), they determine no matter if the utility products have been offered standalone or with hardware products. If the utility bought with a hardware product isn't elementary to the functionality of the hardware and is more-than-incidental, they treat it as a software deliverable.

    We appreciate profits from the sale of perpetual software licenses at inception of the license term, assuming all profits recognition criteria were convinced. time period-based mostly software license profits is often recognized ratably over the term of the license. They use the residual system to allocate salary to utility licenses at inception of the arrangement when VSOE of reasonable price for all undelivered facets, akin to put up-contract guide, exists and all other revenue awareness criteria have been satisfied. revenue from protection and unspecified improvements or updates offered on an if-and-when-obtainable basis is recognized ratably over the length all over which such objects are delivered.

    For hosting or SaaS arrangements, they respect earnings as the provider is delivered, frequently on a straight-line foundation, over the contractual duration of efficiency. In hosting arrangements the place application licenses are sold, license income is commonly diagnosed in keeping with whether perpetual or term licenses are sold, when all other earnings attention standards are satisfied. In internet hosting arrangements that consist of application licenses, they consider the rights provided to the consumer (e.g., possession of a license, contract termination provisions and feasibility of the client to function the utility) in settling on when to appreciate profits for the licenses.

    We respect profits from fastened-cost aid or upkeep contracts, together with extended assurance contracts and application post-contract client assist agreements, ratably over the contract period. For certain mounted-price contracts, reminiscent of consulting preparations, they recognize salary as work progresses using a proportional performance components. They estimate the overall expected labor charges as a way to examine the quantity of salary earned so far. They apply a proportional efficiency formulation as a result of reasonably dependable estimates of the labor prices applicable to numerous levels of a contract can also be made. On fastened-price contracts for design and construct initiatives (to design, develop and construct software infrastructure and techniques), they respect income as work progresses using the percentage-of-completion components. They use the can charge-to-cost method to measure progress toward completion as decided by the percentage of can charge incurred to this point compared to the full estimated prices of the project. complete mission fees are field to revision throughout the lifetime of a fixed-rate contract. Provisions for estimated losses on mounted-price contracts are identified in the length when such

    desk of Contents

    HEWLETT-PACKARD company AND SUBSIDIARIES

    administration's dialogue and analysis of fiscal condition and consequences of Operations (persevered)

    losses become usual and are recorded as a element of cost of earnings. In instances when budget friendly and legit cost estimates for a task can't be made they appreciate income the usage of the achieved contract formula.

    Outsourcing features revenue is often recognized in the length when the carrier is equipped and the quantity earned isn't contingent on the occurrence of any future adventure. They appreciate earnings the usage of an aim measure of output for per unit-priced contracts. salary for fastened-price outsourcing contracts with periodic billings is identified on a straight-line basis if the carrier is equipped evenly over the contract time period. Provisions for estimated losses on outsourcing arrangements are diagnosed in the duration when such losses become . . .

    Dec 18, 2014

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  • Art Conservator in private practice since 2001.
  • Art Conservator for the Rosco Group in Dorval, QC (specialists in disaster recovery and restoration) 2001.
  • Art Conservator for the The Vermont Museums and Galleries Alliance,The Old Stone House Museum and Crystal Lake Falls, 2000.
  • Historical Association, Brownington and Barton, VT, U.S.A., The Greenwood Centre for Living History, Hudson, QC, 1999.
  • Art Conservation Intern at the Nationalmuseet, Brede Conservation Centre, Lyngby, Denmark, 1998-1999.
  • Art Conservation Intern at the National Archives of Canada-The Gatineau Preservation Centre, Gatineau, QC, 1998.
  • Art Conservation Intern at the The National Gallery of Canada, Ottawa, ON, 1994.
  • Studied at the Université de Paris I-Panthéon-Sorbonne, Paris, FR (L'Etude des Sciences et Techniques de la Conservation et la Restauration des Biens Culturels 1993-1999.
  • Concordia University in Montreal, QC Bachelor of Fine Arts: History of Art and Studio Arts (1992); Diploma of Environmental Design from the The Ontario College of Art, Toronto, ON (1989)
  • I have taught at the Saidye Bronfman Center for the Arts, in Montreal (the salted paper technique), the Japanese Paper Store in Montreal photograph album making; and given workshops in preventative conservation at the Greenwood for Living History in Hudson, Quebec.

For a complete resume please contact us.