Hewlett-Packard Wins Fiscal Agency Contract in Rhode Island and 2 Other Dow Movers to Watch
Hewlett-Packard Co. (NYSE:HPQ): Current price $22.38
HP Enterprise Services on Tuesday announced that the Rhode Island Executive Office of Health and Human Services has OK’d a $89.9 million five-year contract for HP to continue as the fiscal agent for Rhode Island’s Medicaid program and additional state departments. Through the terms of the extension, HP will implement several enhancements to existing state systems, including migration of Rhode Island’s Medicaid data center operations to a cutting-edge HP data center. The accord also contains three option years that are not included in the contract value.