From Nasdaq: 2024-06-05 09:33:00

Hewlett Packard Enterprise (NYSE: HPE) impressed in Q2 2024 with strong earnings, surpassing market expectations. Revenue reached $7.2 billion, a 3% increase year-over-year, highlighting demand for their data center solutions. HPE’s focus on profitability and operational excellence saw an EPS of $0.42, exceeding estimates, with server revenue up 18%, showing resilience in a complex economic environment.

HPE capitalized on the AI revolution in Q2 2024, with AI systems revenue doubling. They secured $4.6 billion in AI systems orders, positioning themselves as a key player in the AI market. A strategic move to acquire Juniper Networks for $14 billion in cash further solidifies HPE’s position in the networking market and enhances their suite of technology solutions for businesses.



Read more at Nasdaq:: Hewlett Packard Enterprise Q2 Win: AI and Strategic Expansion