Jeff Wacker, an HP fellow who led the project on behalf of HP's enterprise services division, described the project as a "multi-year, multi-phase" engagement.

FORBES: Wireless

IBM, HP and Oracle all promise comprehensive, enterprise-wide services for the giant data centers of the world's biggest multinationals.

FORBES: Technology

With the social enterprise mPedigree Network, HP leveraged its technology expertise in cloud-based services to design and build an anti-drug counterfeiting service in Africa.

FORBES: How The Private Sector Can Drive Social Innovation

There has been increasing buzz on the Street lately about the possibility that HP might spin off its PC business to focus on its enterprise software and services business, in the same way that IBM once sold off its own PC and notebooks units.

FORBES: HP: Break 'Em Up?

Also, HP said Dave Donatelli, EVP for Enterprise Servers, Storage, Networking and Technology Services, and Bill Veghte, EVP for software. will now report directly to CEO Leo Apotheker.

FORBES: HP Unveils Management Shake-Up; Livermore Steps Down

Recent departures include Thomas Hogan, executive vice president of enterprise sales, marketing and strategy, and Gary Budzinski, senior vice president of HP Technology Services.

FORBES: HP Exec: Where We'll Spend On Services

With respect to the company's divisions, personal systems, printing, enterprise, services and software have each taken a hit from the previous year, with HP's financial services segment being the only unit to show growth (despite the fact that financing volume is also down).

ENGADGET: HP Q1 2013 earnings: $1.2 billion in profit on revenue of $28.4 billion

"Customers whose companies have branch offices in Bangladesh, and run all different platforms and all different OSs, those customers will look to IBM, HP, and Compaq to provide comprehensive services, " said Paul McNamara, general manager of the business enterprise unit at Red Hat.

CNN: The big business of Linux