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Energy : Energy Equipment & Services | Small Cap Value
Company profile

Helix Energy Solutions Group, Inc. is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities. Its Well Intervention segment includes the Company's vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its Robotics segment includes remotely operated vehicles (ROVs), trenchers and ROVDrills designed to complement offshore construction and well intervention services, and operates chartered ROV support vessels. Its Production Facilities segment includes the Helix Producer I (the HP I), a floating production vessel, the Helix Fast Response System (the HFRS), and its ownership interest in Independence Hub, LLC (Independence Hub).

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Network as a Service Adoption to Accelerate by 38% Within the Next Two Years as Businesses Adapt to COVID-19

8:00 am ET August 12, 2020 (BusinessWire) Print

Businesses will experience profound changes as employees transition to hybrid work environments following COVID-19, in turn changing the way IT teams procure and consume networking solutions. In response to the pandemic, IT leaders are now investing more in cloud-based and AI-powered networking technologies as business recovery plans take shape. That's according to a global survey of 2,400 IT decision-makers (ITDMs) commissioned by Aruba, a Hewlett Packard Enterprise company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200812005209/en/

Read the full report: https://www.arubanetworks.com/assets/eo/Hybrid-Workplace-Report.pdf

As IT leaders respond to the challenges associated with enabling a highly distributed workforce and the emergence of the hybrid workplace - with people needing to move seamlessly between working on campus, at home and on the road - they are looking to evolve their network infrastructure and shift away from CapEx investments towards solutions consumed "as a service." The average proportion of IT services consumed via subscription will accelerate by 38% in the next two years, from 34% of the total today to 46% in 2022, and the share of organizations that consume a majority (over 50%) of their IT solutions "as a service" will increase by approximately 72% in that time.

"With the emergence of the hybrid workplace, IT leaders are being asked to deliver a delicate balance between flexibility, security and affordability at the edge," said Partha Narasimhan, CTO and HPE Senior Fellow for Aruba, a Hewlett Packard Enterprise company. "Every part of the workplace needs to evolve: the campus must be embedded with technology to support social distancing and contactless experiences, and the home office must offer enterprise-level connectivity, security and support. It's increasingly clear that, to support these new needs in a financially challenging environment, IT decision-makers are attracted to the reduced risk and cost advantages offered by a subscription model."

The report, which surveyed ITDMs in over 20 countries and eight key industries, looked at how they have responded to IT and business demands in the wake of COVID-19, what investment decisions are being made as a result, and the consumption models now being considered. A number of key findings stood out:

Impact of COVID-19 has Significant Implications

ITDMs report that the impact of COVID-19 has been significant both on their employees and short-term network investments:

22% describing the impact on their employees as "significant" (widespread furlough or layoffs), while 52% considered it "moderate" (temporary reductions in some functions), and 19% "low" (very few jobs impacted). ITDMs in India (57%) and Brazil (34%) were most likely to cite a significant impact on their employees, while those in Hong Kong (12%) and Mexico (10%) reported the least, highlighting a massive swing in experiences between regions. 77% said that investments in networking projects had been postponed or delayed since the onset of COVID-19, and 28% indicated that projects had been cancelled altogether. Project cancellations were highest in Sweden (59%) and lowest in Italy (11%), showing there are also significant disparities between countries within the same region, while 37% of ITDMs in education and 35% in hotels and hospitality globally said they have had to cancel network investments.

The Future is Bright: Investing for Emerging Needs

By contrast, future plans are aggressive, with the vast majority of ITDMs planning to maintain or increase their networking investments in light of COVID-19, as they work to support the new needs of employees and customers.

An astounding 38% globally will increase their investment in cloud-based networking, with 45% maintaining the same level and 15% scaling back. The APAC region was the global leader with 45% stating increased investment in cloud-based networking, rising to 59% among ITDMs in India. With cloud solutions allowing for remote network management at large scale, these capabilities are particularly enticing for IT teams when being on-premises is not possible or challenging. ITDMs are also seeking improved tools for network monitoring and insight, with 34% globally planning to increase their investment in analytics and assurance, 48% indicating that they will maintain their level of investment and 15% reducing it. This allows IT organizations to troubleshoot and fine-tune the network more efficiently, as demands on it are augmented by a distributed workforce. There is also an emphasis on innovative technologies that simplify the lives of IT teams by automating repetitive tasks. We found 35% of ITDMs globally are planning to increase their investment in AI-based networking technologies, with the APAC region leading the charge at 44% (including 60% of ITDMs in India and 54% in Hong Kong).

Adoption of New Consumption Models is Accelerating

As ITDMs shape their investment plans, they are looking at alternative modes of consumption to achieve the best balance of value and flexibility.

55% globally say they will explore new subscription models for hardware and/or software, 53% managed services for turnkey hardware/software and 30% financial leasing - all as a result of the impact of COVID-19. This reflects the increased need for more financially flexible models in a challenging environment. Networking subscription models are more popular in APAC (61%) than in the Americas (52%) or EMEA (50%), and at a country level the highest demands are in Turkey (73%), India (70%) and China (65%). The industries most likely to be considering the subscription model are hotels/hospitality (66%), technology and telecom (58%) and education (57%). The impact of COVID-19 on IT behavior has made the desire for flexibility and predictability in spending, while reducing risk from initial capital costs, greater than before. In stark contrast, just 8% globally plan to continue with only CapEx investments, though the proportion is higher in the Netherlands (20%), US (17%), Spain (16%) and France (15%). Across industries, 15% in retail, distribution and transport will continue to focus solely on CapEx investments, versus just 5% in IT, tech, education and telecoms, and 2% in hotels and hospitality.

"With the needs of customers and employees having changed so comprehensively in recent months, it's no surprise to see IT leaders seeking more flexible solutions," says Narasimhan. "They are having to adapt fast and ensure that more complex, distributed networks can securely support the experiences users demand. The need for agility and flexibility in network management is now greater than ever."

While the pandemic has clearly negatively impacted ongoing projects, this research suggests it will also catalyze medium-term investment into advancing networking technologies, and a shift to more flexible models of consumption that limit up-front capital demands. Trends that were already taking hold will now accelerate, including the move to the Edge and the adoption of cloud-based and AI-driven intelligent networks.

To learn more about how Aruba is helping to architect the Hybrid Workplace, tune into Aruba ATM Digital at 10 a.m. PT on Thursday, August 13, 2020.

Additional Assets:

Infographic: https://www.arubanetworks.com/assets/infographic/Edge-Survey-Hybrid-Workplace_Infographic.pdf Aruba Hybrid Workplace page: https://www.arubanetworks.com/solutions/hybrid-workplace/

About Aruba, a Hewlett Packard Enterprise company

Aruba, a Hewlett Packard Enterprise company, is the global leader in secure, intelligent edge-to-cloud networking solutions that use AI to automate the network, while harnessing data to drive powerful business outcomes. With Aruba ESP (Edge Services Platform) and as-a-service options, Aruba takes a cloud-native approach to helping customers meet their connectivity, security, and financial requirements across campus, branch, data center, and remote worker environments, covering all aspects of wired, wireless LAN, and wide area networking (WAN).

To learn more, visit Aruba at http://www.arubanetworks.com. For real-time news updates follow Aruba on Twitter and Facebook, and for the latest technical discussions on mobility and Aruba products, visit Airheads Social at http://community.arubanetworks.com/.

About Vanson Bourne

Vanson Bourne is an independent specialist in market research for the technology sector. Their reputation for robust and credible research-based analysis is founded upon rigorous research principles and their ability to seek the opinions of senior decision makers across technical and business functions, in all business sectors and all major markets. For more information, visit www.vansonbourne.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20200812005209/en/

SOURCE: Aruba, a Hewlett Packard Enterprise company

Pavel Radda
Aruba, a Hewlett Packard Enterprise company
+1-408-398-6668
pavel.radda@hpe.com


Kathleen Keith
Aruba, a Hewlett Packard Enterprise company
+1 707-529-4507
kathleen.keith@hpe.com
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