Hewlett Packard Enterprise Co (HPE) continues to show strong performance in the market with impressive Q3 results and upward revised earnings for FY2024. Despite some concerns over declining margins in the AI server business, the company reassures that this is
not an issue. Thanks to
GreenLake, HPE is experiencing a growing customer base. The company's
EPS of $0.38 beats Wall Street's estimates as revenues soared to $7.7 billion. They are also seeing robust growth in AI applications leading to higher than expected revenues.
Nvidia partnership and planned pursuit of the late
Mike Lynch's estate for a $4bn claim are noteworthy developments. Despite some investor concerns about gross margins, HPE seems well-positioned for future growth with strong Q4 and FY24 outlooks. It also continues to command the confidence of major hedge funds. Their proposed acquisition of
Morpheus Data hints at expansion plans in the AI domain.
Hewlett Packard Enterprise Company HPE News Analytics from Sat, 02 Mar 2024 08:00:00 GMT to Sun, 08 Sep 2024 18:42:12 GMT -
Rating 6
- Innovation 6
- Information 8
- Rumor -2
