- March 1, 2024
- Posted by: Larry Walsh
- Category: Analyst Notes
Despite a dip in quarterly revenue, HPE's strategic acquisitions and focus on recurring-revenue streams from its GreenLake services signal a resilient pivot toward growth in the competitive tech landscape.
By Larry Walsh
Hewlett Packard Enterprise (HPE) saw its stock decline sharply following the announcement of its fiscal first-quarter results. Despite a notable drop in quarterly revenue, HPE showcased an improvement in earnings, painting a complex picture of its current financial health and future trajectory in the data center and networking segments.
HPE's fiscal first-quarter report noted a 14% decrease in sales, going to $6.76 billion from $7.8 billion in the corresponding quarter of the previous year. This decline was juxtaposed with an earnings report that, while showing a decrease from the previous year's $501 million, or 38 cents a share, to $387 million, or 29 cents a sh...
