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Hewlett-Packard Enterprise Co. (NYSE: HPE) reported its financial results for the fiscal first quarter on Tuesday that came in better than what analysts had anticipated. As per the American multinational, it now expects up to £1.0 billion of full-year free cash flow versus earlier guidance of up to £790 million. HPE shares initially jumped 2.5% […]
HPE results show demand for remote data and consumption model As businesses prepare for the return to the office, HPE expects many of its customers will continue to need remote working and advanced analytics Share this item with your network: By Published: 03 Mar 2021 9:20 Hewlett Packard Enterprise (HPE) has reported first-quarter 2021 revenue of $6.8bn, down 2% year on year. Its Intelligent Edge grew by 12% to $806m, while its High Performance Compute & Mission Critical Systems (HPC & MCS) declined by 9% to $762m. Antonio Neri, president and CEO of HPE, said: “The global pandemic has...
The enterprise software player reported first quarter net income of $223 million, or 17 cents a share, on revenue of $6.8 billion, down 2% from a year ago. Excluding charges, HPE delivered earnings of 52 cents a share. Analysts were expecting earnings of 41 cents per share on revenue of $6.72 billion. Shares of HPE were up slightly after hours. Elsewhere on the balance sheet, HPE said compute revenue came to $3 billion, down 1% year over year. Storage revenue was $1.2 billion, down 5% year-over-year. Within that segment, Nimble revenue was up 31% and revenue from All Flash Array Storage produ...