Core Insights - Hewlett Packard Enterprise (HPE) reported revenue of $7.2 billion for the quarter ended April 2024, reflecting a year-over-year increase of 3.3% [1] - Earnings per share (EPS) for the quarter was $0.42, down from $0.52 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $6.81 billion by 5.72%, while the EPS surpassed the consensus estimate of $0.38 by 10.53% [1] Financial Performance Metrics - Revenue from Financial Services was $867 million, slightly below the estimated $872.26 million, marking a year-over-year increase of 1.1% [2] - Revenue from Corporate Investments and other segments was $252 million, exceeding the estimate of $240.27 million, but showing a significant decline of 14.9% year-over-year [2] - Hybrid Cloud revenue was reported at $1.26 billion, close to the estimated $1.27 billion [2] - Intelligent Edge revenue was $1.09 billion, slightly below the estimated $1.11 billion, representing a year-over-year decrease of 16.7% [2] - Server revenue reached $3.87 billion, surpassing the average estimate of $3.47 billion [2] - Earnings from Operations in Financial Services were $81 million, exceeding the estimate of $72.27 million [2] - Earnings from Operations in Intelligent Edge were $237 million, below the estimate of $254.06 million [2] - Corporate Investments and other segments reported a loss of $9 million, better than the estimated loss of $23.08 million [2] Stock Performance - HPE shares have returned +4.6% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

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Exhibit 99.1 Hewlett Packard Enterprise 1701 E. Mossy Oaks Road Spring, TX 77389-1767 hpe.com News Release Hewlett Packard Enterprise reports fiscal 2024 second quarter results AI systems revenue doubled sequentially, beating Q2 revenue guidance HOUSTON – June 4, 2024 – Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the second quarter ended April 30, 2024. "HPE delivered very solid results in Q2, exceeding revenue and non-GAAP EPS guidance. AI systems revenue more than doubled ...

Hewlett Packard Enterprise (HPE) has launched HPE Aruba Networking Enterprise Private 5G, a groundbreaking solution aimed at simplifying and accelerating private 5G network deployments. This initiative addresses the need for reliable wireless coverage in expansive industrial and campus environments, introducing new opportunities for private cellular use cases.For HPE Aruba Networking Enterprise Private 5G, the company has further plans to integrate it with Aruba Networking Central. This will further improve ...

Hewlett Packard Enterprise (HPE) is slated to report second-quarter fiscal 2024 results, after market close, on Jun 4.For the fiscal second quarter, Hewlett Packard Enterprise projects non-GAAP earnings per share between 36 cents and 41 cents. The Zacks Consensus Estimate for earnings is pegged at 38 cents, indicating a year-over-year decline of 26.9%.HPE expects second-quarter revenues between $6.6 billion and $7 billion. The consensus mark for quarterly revenues is pegged at $6.83 billion, suggesting a de ...

The upcoming report from Hewlett Packard Enterprise (HPE) is expected to reveal quarterly earnings of $0.38 per share, indicating a decline of 26.9% compared to the year-ago period. Analysts forecast revenues of $6.83 billion, representing a decrease of 2% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a compan ...

Here’s a technology-stock pick that’s totally out of left field, but it could be a major wealth builder. I’m talking about Hewlett Packard Enterprise (NYSE:HPE), a fast mover in the areas of cloud computing and supercomputers. Soon enough, Hewlett Packard Enterprise stock could be the market’s next multibagger that nobody saw coming.Just to be clear, the electronics producer formerly known as Hewlett-Packard split in late 2015 into two separate businesses. This “enterprise” company provides technology solut ...

Hewlett Packard Enterprise (HPE) has recently deployed Aurora supercomputer to Argonne National Laboratory. The supercomputer is developed through a private-public partnership with the U.S. Department of Energy, Argonne National Laboratory and Intel Corporation (INTC) .Aurora has demonstrated the performance of 1.012 exaflops on 87% of the system making it the second-fastest supercomputer in the world. Aurora has also secured the rank of being the largest AI-capable system in the world. Its performance of 1 ...

Hewlett Packard Enterprise (HPE) has introduced its latest Wi-Fi 7 access points (APs) called Aruba Networking 730 Series Campus APs. These APs are capable of delivering 30% more network capacity for wireless traffic compared with other products in the market. HPE also claims that its new APs will improve network security and upgrade location-based services. These features will enable the company's customers to enjoy uninterrupted connection for Internet of Things (IoT), enterprise AI, location and security ...

Key PointsWestern Digital supplies hard disk drives (HDDs) and solid state drives (SSDs) to data centers and retail customers with plans to split the two divisions into separate companies.Western Digital has seen AI accelerate the recovery in the storage device industry as it reraised its fiscal Q3 2024 EPS guidance.Seagate Technology is the largest HDD maker in the world and has bolstered HDD capacity up to 3X with its heat-assisted magnetic recording (HAMR) technology, which is integrated into its 30 TB H ...