(Bloomberg News) -- Hewlett-Packard Co. has found a way to turn one of the greatest threats to its business into a source of revenue.

The company has booked more than $1 billion in sales of a range of low-cost servers made in partnership with Foxconn Technology Group since starting a joint venture with the Taipei-based company in May 2014, Antonio Neri, head of Hewlett-Packard’s enterprise group, said Wednesday in an interview with Bloomberg News.

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