HPE posts $10.68 billion revenue, beating estimates
HPE reported strong second-quarter results, with revenue of $10.68 billion, exceeding expectations of $9.79 billion.
The company’s Cloud & AI revenue came in at $7.71 billion, topping estimates of $6.87 billion.
Server revenue, a sub-division of Cloud & AI, reached $5.45 billion, surpassing the expected $4.66 billion.
HPE raised its full-year EPS guidance to $3.35 to $3.45, up from $2.30 to $2.50.