HPE CEO Antonio Neri discusses earnings, growth, Juniper deal, and Elliott Management's $1.5B stake

Financial Performance - HPE delivered above commitments for the quarter, including the server business, with results at the high end of guidance for revenue, operating profit, and operating margins [2] - HPE achieved its fifth consecutive quarter of year-over-year revenue growth across the company [3] - HPE is on track to deliver server operating margins back to 10% by the exit of Q4 [3] - HPE is raising its bottom range of non-GAAP EPS guidance by 8 cents [3] - HPE has almost $12 billion in cash on its balance sheet, about 50% of its market cap [14] - HPE aims to achieve $350 million in cost savings by the 2026 fiscal year [10] Business Strategy and Market Dynamics - HPE took swift, targeted, and aggressive actions to address challenges in the server business [2] - One-third of HPE's AI orders came from the enterprise market, which tends to have higher margins due to more software and services [4] - GreenLake grew 47% year-over-year, driven by the stickiness of that experience through storage and private cloud [7] - HPE believes the Juniper deal is the fastest way to generate shareholder value and is committed to delivering at least $450 million of synergies [15]