Hewlett Packard Enterprise (HPE) reported Q2 earnings of 79 cents per share, surpassing the estimated 53 cents, with revenue reaching $10.68 billion, well above the $9.79 billion expected. The company saw significant growth in networking revenue, up 148.2%, and cloud & AI revenue, up 22.9%, reflecting strong demand and execution. CEO Antonio Neri highlighted robust infrastructure modernization and AI scaling by customers. HPE projects fiscal 2026 revenue growth between 29% and 33%, and 8% to 12% for fiscal 2027, driving a 32.7% stock surge to $62.38 in after-hours trading.
Hewlett Packard Enterprise (HPE) reported a strong earnings beat, driven by a 148% increase in networking revenue in the latest quarter. This growth is fueled by rising demand for AI infrastructure and servers as companies modernize their technology....
Hewlett Packard Enterprise (HPE) shares surged 30% following a strong second-quarter report that beat analyst estimates significantly. The company reported adjusted earnings per share of 79 cents, surpassing the expected 53 cents, and revenue of $10....
Hewlett Packard Enterprise (HPE) shares surged over 7% in premarket trading, reaching a new 52-week high as investors anticipate the company's Q2 earnings report due after market close on June 1. Analysts expect earnings per share of 54 cents, up 42%...
US stock futures rose following weekend US strikes in Iran targeting radar and command sites in response to aggressive Iranian actions, including the downing of a US drone. The S&P 500 ended May at a record high, supported by strong performances in t...
NVIDIA has introduced the Vera CPU, designed specifically for AI agents, delivering 1.8 times faster performance than traditional x86 processors. Vera powers various AI workloads including agentic AI, reinforcement learning, and data processing, and ...
