HPE posts record AI revenue, but stock falls after earnings
Earnings Results
HPE’s outlook brackets the consensus view, beating at the midpoint on revenue but coming up shy at the midpoint on earnings per share
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Hewlett Packard Enterprise said Wednesday that it saw a pickup in artificial-intelligence demand for the latest quarter that helped push its revenue and other metrics above expectations.
Chief Financial Officer Marie Myers said HPE HPE posted a “quidfecta” for the fiscal third quarter, with revenue, earnings per share, cash and AI metrics all beating internal expectations, while the company also got the first $2.1 billion in cash from the partial sale of its H3C equity position.