Hewlett Packard Enterprise reported record quarterly revenue of $10.7 billion in its fiscal second quarter, up 40% from a year ago, as demand for AI infrastructure drove results well past Wall Street expectations.
Non-GAAP earnings per share came in at $0.79, above the company’s own guidance range of $0.51 to $0.55
Analysts had expected $0.53 per share, according to CNBC. Revenue of $10.68 billion also exceeded the $9.79 billion analysts anticipated, according to CNBC. HPE’s Cloud & AI segment generated $7.7 billion in revenue, up 22.9% from a year earlier, driven by its server business.
Server revenue reached $5.45 billion, up 32.7% year over year. Analysts had expected $4.66 billion from the server unit and $6.87 billion from Cloud & AI overall, according to CNBC. The company raised its full-year non-GAAP EPS guidance to a range of $3.35 to $3.45, up from a prior range of $2.30 to $2.50 — an increase of roughly $1 per share.