tech
hpe reports q3 revenue of 7b up 1 yoy intelligent edge revenue of 941m up 8 yoy hpc ai rev of 830m up 12 yoy and compute rev of 3b down 3 yoy eric j savitz barrons online
HP Enterprise’s Earnings Match Forecasts. The CEO Sees ‘Enduring Demand.’
HP Enterprise’s Earnings Match Forecasts. The CEO Sees ‘Enduring Demand.’
Showing resilience in the face of a difficult economic environment and growing signs that business spending on IT is weakening, Hewlett Packard Enterprise posted financial results that were broadly in line with both its own forecasts and Wall Street estimates.
7b yoy compute 3b yoy yoysavitz
For its fiscal third quarter, ended July 31, HP Enterprise (ticker: HPE), reported revenue of $7 billion, up 1% from a year ago, or 4% adjusted for currency, and in line with the Street consensus. The company reported an adjusted profit of 48 cents a share, in line with the consensus call, and in the middle of the range of 44 to 54 cents a share it had predicted. Under generally accepted accounting principles, HP Enterprise earned 31 cents a share.
