Hewlett Packard Enterprise Company - HPE STOCK NEWS

Hewlett Packard Enterprise (HPE) reported strong fiscal 2024 fourth quarter results with record quarterly revenue of $8.5 billion, up 15% year-over-year. The company exceeded its full-year commitments for revenue, EPS, and free cash flow.

Key Q4 metrics include:

• GAAP EPS of $0.99, up 102% year-over-year
• Non-GAAP EPS of $0.58, up 12% year-over-year
• Annualized revenue run-rate (ARR) of $1.9 billion, up 49%
• Free cash flow of $1.5 billion

Server revenue grew 32% to $4.7 billion, while Hybrid Cloud revenue increased 18% to $1.6 billion. The company declared a quarterly dividend of $0.13 per share and provided guidance for Q1 2025, expecting mid-teens revenue growth.

RWE, a leading renewable energy company, has chosen HPE Private Cloud AI to enhance its weather data analysis capabilities. The solution will be utilized by RWE's AI Research Laboratory to evaluate and fine-tune weather models, aiming to improve forecast accuracy and optimize energy resource management. RWE targets implementation by end of 2024.

The initiative aligns with RWE's Growing Green strategy and commitment to becoming net zero by 2040. The HPE Private Cloud AI, co-developed with NVIDIA, offers a three-click deployment system and will be delivered through the HPE GreenLake cloud, enabling RWE's researchers to efficiently manage infrastructure and accelerate AI project development.

HPE announced major advancements to its GreenLake cloud platform, introducing three key solutions: HPE VM Essentials for unified virtualization management, promising up to 5x TCO savings; HPE Alletra Storage MP X10000 for high-performance object storage, delivering up to 6x faster performance versus competitors; and new disconnected management solutions for regulated environments.

The company also expanded its AI ecosystem through the Unleash AI program, adding six new partners: Codeium, Contextual.AI, Dataiku, IronYun, Securiti, and Writer. The X10000 storage solution offers up to 20x data reduction and will be generally available in December 2024.

Deloitte and Hewlett Packard Enterprise (HPE) have expanded their collaboration to implement HPE Private Cloud AI with NVIDIA, aiming to accelerate Generative AI adoption for enterprises. The solution combines HPE's AI storage, compute, and GreenLake cloud with NVIDIA's AI computing capabilities. According to Deloitte's research, most organizations have moved only 30% or fewer of their GenAI experiments into production. The collaboration focuses on enabling on-premises AI deployments, offering solutions like AI Factory as a Service, Hybrid By Design, C-Suite AI™, and Quartz AI™ Suite to help businesses implement industry-specific AI applications while maintaining data security and control.

Nationwide Building Society has selected HPE GreenLake cloud for its private cloud deployment as part of its hybrid cloud strategy. The implementation aims to improve operational resilience, ensure compliance, and enhance digital customer experience. The partnership includes HPE GreenLake Management Services to automate infrastructure management and deliver infrastructure as code. The consumption-based model is expected to reduce Nationwide's IT cost base by at least 30%. The solution also provides monitoring of energy consumption and emissions, while supporting infrastructure efficiency and environmental sustainability through asset recycling.

Hewlett Packard Enterprise (NYSE: HPE) has announced it will host a live audio webcast to discuss its fourth quarter and full year fiscal 2024 financial results. The conference call is scheduled for Thursday, December 5, at 4:00 p.m. CT (5:00 p.m. ET). The webcast will be accessible at www.hpe.com/investor/2024Q4Webcast, with a replay available for approximately one year after the event.

HPE announces new high-performance computing and AI infrastructure portfolio, including HPE Cray Supercomputing EX solutions and two systems for large language model training. The portfolio features industry's first 100% fanless direct liquid cooling system architecture and includes new compute blades, accelerator blades, interconnect solutions, and storage systems. The HPE ProLiant Compute XD server family introduces two new servers: XD680 with Intel Gaudi 3 AI accelerators and XD685 with NVIDIA H200 or Blackwell GPUs, designed for AI training and tuning workloads. Most new products will be available between early 2025 and fall 2025.

TEPCO SYSTEMS, the IT and engineering services company of Japan's leading power utility group, has chosen HPE GreenLake cloud to advance its data-driven decarbonization efforts. The company will leverage HPE's technology to harness data and AI for creating innovative business services supporting net-zero goals. The TEPCO Data Hub, built with HPE Ezmeral Software, processes data from operations serving approximately 29 million customers through 9,300 miles of power lines. The company expanded its TEPcube infrastructure-as-a-service into a platform-as-a-service business with TEPCO Data Hub, providing a foundation for organizations contributing to a lower-carbon footprint society.

HPE has unveiled the industry's first 100% fanless direct liquid cooling systems architecture to enhance energy and cost efficiency for large-scale AI deployments. This innovation was introduced at HPE's AI Day, showcasing the company's expertise in AI across various sectors. The new architecture aims to address the increasing power consumption in AI adoption by offering a more efficient cooling solution.

Key features of the system include:

• An 8-element cooling design
• High-density and high-performance system design
• Integrated network fabric design for massive scale
• Open system design for flexibility in accelerator choice

The architecture promises a 90% reduction in cooling power consumption compared to traditional air-cooled systems and a 37% reduction in cooling power required per server blade compared to hybrid direct liquid cooling. This innovation builds on HPE's experience in developing 7 of the top 10 supercomputers on the Green500 list.