Straits Times Index
3,338.94 -9.93 (-0.30%) S&P 500
5,291.34 +7.94 (+0.15%) Dow
38,711.29 +140.26 (+0.36%) Nasdaq
16,857.05 +28.38 (+0.17%) Bitcoin USD
70,624.12 +1,562.70 (+2.26%) CMC Crypto 200
1,470.52 +23.37 (+1.61%)
HPE Jun 2024 25.000 call
- Yahoo Finance Video
HPE stock moves higher on Q2 earnings, full-year guidance
Hewlett Packard Enterprise (HPE) are on a run higher after Tuesday's market close upon reporting its fiscal second-quarter earnings, posting $7.20 billion in revenue ($6.82 billion expected) and adjusted earnings of $0.42 per share ($0.39 per share expected). Market Domination Overtime Hosts Julie Hyman and Josh Lipton break the computer and software company's latest earnings beat and its full-year earnings guidance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
- Reuters
Hewlett Packard Enterprise sees third-quarter revenue above estimates on robust AI demand
The results reflect strong demand for the company's AI-optimized servers, powered by Nvidia hardware, as more firms seek high performance compute to run artificial intelligence applications. "AI systems revenue more than doubled from the prior quarter, driven by our strong order book and better conversion from our supply chain," said CEO Antonio Neri. The company is also witnessing increased demand for their hybrid cloud and data storage segments, helped by the AI integration.
- Barrons.com
HP Enterprise Earnings Top Estimates and Guidance on Strong AI Server Sales
HP Enterprise reported revenue of $7.2 billion, up 3% from a year earlier, ahead of the company’s guidance range of $6.6 billion to $7 billion.
