Hewlett Packard Enterprise reports stronger-than-expected earnings, driven by a 40% year-over-year revenue increase.
Hewlett Packard Enterprise (HPE) posted Q2 revenue of $10.68 billion, up 40% year-over-year, exceeding analyst expectations. Earnings per share (EPS) reached $0.79, compared to $0.38 in the same period last year.
The company’s growth was fueled by strong demand across its enterprise segments, including hybrid cloud and AI-driven solutions. Revenue in the prior quarter stood at $7.2 billion, with EPS at $0.52, marking a significant acceleration in performance.
Shares of HPE showed muted movement in after-hours trading as investors digested the results.