Hewlett Packard Enterprise Reports Fiscal 2023 Third Quarter Results
HPE News, Tuesday, August 29,2023
Edge momentum and portfolio mix shift drive revenue growth and gross margin expansion; reiterating GAAP diluted net EPS and raising non-GAAP diluted net EPS guidance for the full-year
HPE announced financial results for the third quarter ended July 31, 2023.
'HPE delivered another solid quarter in Q3, powered by standout performances in the Intelligent Edge and HPE GreenLake,' said Antonio Neri, president and CEO of Hewlett Packard Enterprise. 'Demand improved sequentially across all key business segments, with particular strength in our HPC & AI segment as customers discover HPE's unique capabilities to power unprecedented levels of performance for AI at scale. Our strategic shift toward edge, hybrid cloud and AI delivered through our HPE GreenLake platform is working."
'The pivot in our portfolio toward higher-growth, higher-margin markets is clearly visible in our year-over-year expansion of gross margins,' said Jeremy Cox, senior vice president, interim CFO, corporate controller and chief tax officer of Hewlett Packard Enterprise. 'Our differentiated edge-to-cloud strategy is fueling strong results in an uneven market.'