TORONTO and GATINEAU, QC, June 27, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce it had been awarded North America Storage Partner of the Year by Hewlett Packard Enterprise (HPE) during this year's HPE Discover conference. Hewlett Packard Enterprise (HPE) announced the winners of its HPE Partner of the Year Awards 2024 in recognition of HPE partners who exemplify commitment and success in delivering value to their customers on their d ...

The U.K.’s Competition and Markets Authority (CMA) has initiated a formal “phase 1” investigation into Hewlett Packard Enterprise’s (HPE) planned acquisition of Juniper Networks. HPE announced plans to acquire Juniper Networks back in January, a deal designed to unify their respective strengths in the networking and IT infrastructure realm, spanning servers, storage, consulting, routing, switching, and security. As with just about every mega deal today, a major motivation behind the merger was — in corporat ...

Summary of Hewlett Packard Enterprise Company (HPE) Investor Relations Summit Company Overview - **Company**: Hewlett Packard Enterprise Company (NYSE: HPE) - **Event**: HPE Discover 2024 - **Date**: June 18, 2024 - **Location**: Sphere, Las Vegas Key Industry Insights - **AI Solutions**: HPE is focusing on bold new AI solutions aimed at reducing complexity and accelerating the adoption of generative AI for enterprise customers [6][11] - **Partnership with NVIDIA**: HPE has a long-standing partnership with NVIDIA, co-developing solutions to enhance AI capabilities [6][33] - **Generative AI Revolution**: The company is positioning itself at the forefront of the generative AI industrial revolution, emphasizing the importance of AI as a transformative force across various industries [13][39] Core Announcements - **AI Ethics Principles**: HPE has established five key AI ethics principles: privacy, human-focused AI, inclusivity, responsibility, and robustness [14][15] - **AI Compute Power**: HPE's Frontier supercomputer is highlighted as the world's fastest, capable of processing tasks that would take humans over 40 years in just one second [18] - **Liquid Cooling Technology**: HPE leads in liquid cooling technology, with seven of the top ten supercomputers on the Green500 list, enhancing performance and sustainability [18][19] Product Innovations - **HP Private Cloud AI**: A new turnkey private cloud AI solution that integrates NVIDIA AI computing with HPE's storage and servers, designed for ease of deployment and operation [50][54] - **Generative AI Training Solutions**: HPE and NVIDIA introduced a generative AI training solution for large enterprises, enabling quick fine-tuning of models using private data [33][42] Market Strategy - **Hybrid Cloud Approach**: HPE emphasizes the need for a hybrid cloud strategy to manage AI workloads effectively, ensuring data governance and security [24][28] - **Ecosystem Partnerships**: Collaboration with major firms like Deloitte, HCL, Infosys, TCS, and Wipro to enhance training and certification for AI solutions [43][44] Customer Use Cases - **Agricultural Innovations**: HPE's technology is being used by Land O'Lakes to improve agricultural operations through AI and secure data management [25][26] - **Healthcare Applications**: HPE's swarm learning AI technique is being utilized to combat dementia by enabling secure data sharing among research institutions [21][22] Future Outlook - **Investment in AI**: HPE is committed to investing in AI technologies and solutions, aiming to simplify complex architectures for enterprises [59][63] - **Sustainability Focus**: The company is dedicated to sustainable practices, including capturing waste heat for energy efficiency [62] Conclusion - **Transformative Potential of AI**: HPE and NVIDIA's partnership aims to democratize access to generative AI, making it available to enterprises of all sizes [64] - **Call to Action**: Companies are encouraged to embrace AI technologies to enhance their operations and drive innovation [63][64]

Core Insights - Hewlett Packard Enterprise (HPE) is launching bold new AI solutions aimed at reducing complexity and accelerating the adoption of generative AI for enterprise customers [6][12][13] - HPE emphasizes its long-standing partnership with NVIDIA, highlighting collaborative efforts in developing advanced AI and supercomputing solutions [33][34][63] - The introduction of the HP Private Cloud AI solution aims to simplify the deployment and operation of AI technologies for enterprises, integrating NVIDIA's AI computing with HPE's infrastructure [50][63] Company Overview - HPE has a rich history of innovation, dating back over 80 years, and continues to lead in technology that transforms industries [11][12] - The company is at the forefront of reshaping life sciences and other sectors with its supercomputing capabilities, including the Frontier supercomputer, which is the world's fastest [12][18] - HPE's commitment to AI ethics includes principles such as privacy, human focus, inclusivity, responsibility, and robustness [14][15] AI Solutions and Innovations - HPE is focusing on generative AI as a transformative force, with applications ranging from renewable energy to drug discovery [13][14] - The company has developed a comprehensive AI strategy that includes targeted acquisitions and partnerships to enhance its edge-to-cloud innovation agenda [13][29] - HPE's AI solutions are designed to be accessible for enterprises of all sizes, with a focus on real-time data processing and security [15][24][30] Partnership with NVIDIA - The collaboration with NVIDIA is set to enhance HPE's AI offerings, including the introduction of NVIDIA AI Computing by HPE [34][63] - HPE and NVIDIA are working together to create integrated solutions that simplify the complexities of AI deployment for enterprises [41][63] - The partnership aims to leverage NVIDIA's advanced computing technologies alongside HPE's infrastructure to drive innovation in generative AI [33][34] Product Launches - HPE announced the HP Private Cloud AI solution, which integrates NVIDIA's AI technologies with HPE's storage and server capabilities, providing a turnkey experience for enterprises [50][54] - The solution is designed to support various configurations, allowing enterprises to scale their AI capabilities as needed [54][59] - HPE's focus on liquid cooling technology is highlighted as a means to enhance performance and sustainability in AI systems [60][62] Market Position and Future Outlook - HPE is positioned as a leader in hybrid cloud and AI solutions, with a strong emphasis on data-driven business transformation [30][59] - The company aims to democratize access to advanced AI technologies, making them available to a broader range of enterprises [18][63] - HPE's commitment to sustainability and innovation is evident in its approach to AI and supercomputing, ensuring that future generations benefit from its advancements [19][60]

Core Insights - The collaboration between Deloitte, HPE, and NVIDIA aims to enhance manufacturing simulations and drive industrial digitalization through the newly launched NVIDIA AI Computing by HPE product portfolio [1][5][6] - The partnership focuses on co-developing industry-specific Generative AI applications to accelerate time to value for clients [2][5][7] Industry Applications - The first use case is a digital twin application utilizing the NVIDIA Omniverse platform and HPE GreenLake, designed to help manufacturers at various stages of digital maturity [3][4] - This application allows organizations to simulate outcomes, test facility designs, and develop new products by managing and extracting data effectively [3][4] Data Management and Decision-Making - Manufacturers are prioritizing data extraction capabilities to improve decision-making in complex ecosystems, and the collaboration aims to address barriers in developing AI-focused solutions [4][5] - The integration of siloed systems is expected to enhance security, safety, and outcome prediction for manufacturers [4] Future Developments - Additional industry-specific use cases will be developed leveraging HPE Private Cloud AI's capabilities for Generative AI [5][6] - The collaboration is positioned to simplify the AI lifecycle and accelerate the development of AI use cases that deliver business value [6][7]

CBTS named North America Compute Partner of the Year 2024 by Hewlett Packard Enterprise (HPE)June 18, 2024 9:00 AM EDT | Source: CBTSCincinnati, Ohio--(Newsfile Corp. - June 18, 2024) - CBTS, a global provider of IT solutions and services—including Application Modernization, Digital Workplace, Managed Hybrid Cloud, Cybersecurity, and Infrastructure Solutions—has announced that they won the HPE North America Compute Partner of the Year Award. The award was presented to CBTS on June 17, 2024, du ...

Core Insights - Pliops is showcasing its Extreme Data Processor (XDP) at HPE Discover 2024, emphasizing its capabilities in accelerating workloads for modern enterprise applications and data storage solutions [2][3] - The collaboration with Hammerspace aims to introduce a new solution that enhances data orchestration across various storage types and locations, addressing the need for seamless data management [3][4] - Pliops' upcoming offering for Generative AI Large Language Models (LLMs) is expected to optimize inference processes, making them up to 50% more efficient [5][6] Company Developments - Pliops is a technology innovator focused on improving data center efficiency and performance, having raised over $200 million from notable investors [9] - The company has established a long-term partnership with HPE, validating its XDP with HPE ProLiant servers [2] - Pliops' XDP is designed to significantly enhance application performance, storage reliability, and overall infrastructure efficiency, with potential performance improvements of up to 5x for MongoDB applications [4][5] Product Highlights - The combination of Pliops' XDP and Hammerspace Global Data Platform offers technical and financial benefits, including increased reliability and scalability at a lower cost per terabyte [3][4] - Pliops will also present AlloyDB Omni, a solution developed in collaboration with Google, which accelerates both traditional database and Generative AI applications [5] - The Extreme Data Processor is noted for its ability to enable compression on live file systems and extend the lifespan of QLC drives, providing significant value in price, performance, and data protection [4]

Core Insights - The international operations of Hewlett Packard Enterprise (HPE) are crucial for assessing its financial resilience and growth prospects in the global economy [1][2] - HPE's total revenue for the quarter was $7.2 billion, reflecting a 3.3% increase year-over-year [2] International Revenue Performance - HPE generated $2.45 billion from Europe, Middle East, and Africa (EMEA), accounting for 34.1% of total revenue, with a slight increase of 0.31% compared to analyst expectations [3] - Asia Pacific and Japan contributed $1.61 billion, representing 22.3% of total revenue, exceeding expectations by 7.42% [3] Future Revenue Projections - Analysts project HPE's revenues for the ongoing fiscal quarter to reach $7.65 billion, a 9.3% increase from the previous year, with EMEA and Asia Pacific expected to contribute $2.67 billion (34.9%) and $1.63 billion (21.3%) respectively [4] - For the full year, total revenue is anticipated to be $29.77 billion, up 2.2% from the previous year, with EMEA and Asia Pacific expected to account for $10.43 billion (35%) and $6.38 billion (21.4%) respectively [4] Stock Performance - HPE's stock has increased by 17.4% over the past month, outperforming the Zacks S&P 500 composite's 3.3% rise [7] - Over the past three months, HPE shares gained 19.7%, compared to a 4.1% increase in the S&P 500 [7]

Core Viewpoint - Hewlett Packard Enterprise (HPE) has shown signs of recovery after passing its cyclical trough, with stock surging 11% following a better-than-expected earnings report for Q2 fiscal 2024 [1] Financial Performance - For Q2 fiscal 2024, HPE's revenue increased by 3% year over year to $7.2 billion, exceeding analysts' estimates by $370 million [1] - Adjusted earnings per share (EPS) fell by 19% to $0.42 but still surpassed consensus forecasts by $0.03 [1] - In fiscal 2023, HPE's revenue and adjusted EPS grew by 2% and 6%, respectively, but faced declines in revenue for two consecutive quarters before the recent growth [2][3] Segment Performance - HPE restructured its business segments into four: server (54% of Q2 revenue), intelligent edge (15%), hybrid cloud (17%), and financial services (12%) [4] - Server sales accelerated significantly in Q2 fiscal 2024 due to increased demand for AI workloads, while intelligent edge and hybrid cloud businesses faced declines [4][5] - Annual recurring revenue (ARR) continued to grow robustly, indicating strong customer retention in cloud services [2][3] Future Outlook - HPE expects revenue growth of 6% to 11% year over year in Q3 and 1% to 3% for the full year, slightly higher than previous forecasts [6] - Adjusted EPS is projected to decline by 2% to 12% in Q3 and 9% to 14% for the full year, but this is an improvement from earlier estimates [6] - Analysts predict revenue and adjusted EPS growth of 4% and 9%, respectively, in fiscal 2025 as macro conditions improve [7] Stock Valuation - HPE's stock trades at 11 times forward earnings with a forward dividend yield of 2.7%, suggesting limited downside potential as the core business recovers [7] - The stock is expected to steadily climb higher as macro headwinds dissipate and interest rates decline, although it may not experience explosive growth like other AI-driven stocks [8]

Core Viewpoint - The article discusses the potential financial implications of a specific investment strategy and highlights the importance of understanding market dynamics and individual stock performance [1] Group 1 - The article emphasizes the significance of thorough research and analysis before making investment decisions [1] - It mentions that the author, Parkev Tatevosian, is affiliated with The Motley Fool and may receive compensation for promoting its services, which could influence his opinions [1] - The article underscores the necessity for investors to be aware of the affiliations and potential biases of analysts when considering investment advice [1]