Hewlett Packard Enterprise Co Stock Price, News & Analysis

11:11 Systems has been named North America Service Provider of the Year by Hewlett Packard Enterprise (HPE) for the second consecutive year. The award celebrates 11:11 Systems' success in delivering innovative and resilient cyber and cloud services. Announced at HPE Discover 2024, the award recognizes outstanding financial performance, innovative solutions, and significant business results. 11:11 Systems leverages HPE's technology, including HPE GreenLake, to protect critical applications and data from threats like cybercrime and hardware failure. Chief Strategy Officer Dante Orsini highlighted 11:11 Systems' mission to secure customers' applications and data while embracing technological advancements.

Hewlett Packard Enterprise (NYSE: HPE) will live broadcast its HPE Discover 2024 keynote and a live webcast of its Investor Relations Summit on June 18, 2024. The keynote, featuring HPE President & CEO Antonio Neri and NVIDIA CEO Jensen Huang, will be held at Sphere, Las Vegas, starting at 11 a.m. CT (9 a.m. PT). Following the keynote, HPE's executive leadership, including Fidelma Russo, Neil MacDonald, and Phil Mottram, will host a live investor Q&A session from 1:45 p.m. to 2:30 p.m. CT (11:45 a.m. to 12:30 p.m. PT). Investors can find webcast details on HPE’s Investor Relations website, with replays available for about a year.

FC Barcelona and Hewlett Packard Enterprise (HPE) have signed a four-season partnership, running until June 30, 2028, making HPE the Official Edge-to-Cloud Partner for Espai Barça. This collaboration aims to enhance the fan experience at Barça's new facilities through advanced technologies including HPE Aruba Networking and HPE GreenLake cloud. The partnership will enable real-time analytics, integrated security, gamification, and virtual reality. HPE will implement advanced cloud and networking solutions to bolster security and connectivity at the stadium, enhancing the overall match-day experience for fans and optimizing game performance through advanced analytics.

Hewlett Packard Enterprise (NYSE: HPE) announced that Blue Diamond Growers, the leading U.S. brand for almonds and almond milk, has modernized its wireless networking infrastructure using HPE Aruba Networking Wi-Fi 6E. This upgrade supports Blue Diamond's three California-based manufacturing facilities, which process around a billion pounds of almonds annually. The new infrastructure improves mobile and IoT device connectivity, speeding up troubleshooting by 50%. Blue Diamond relies on Wi-Fi for various operations, including crop delivery and product tracking. The network, managed with HPE Aruba Networking Central, has reduced IT overhead and saved the company over $250,000 annually. Future growth and R&D efforts are expected to benefit from this advanced networking solution.

Hewlett Packard Enterprise (HPE) reported its fiscal Q2 2024 results, showcasing strong performance. Revenue reached $7.2 billion, a 3% year-over-year increase, while AI systems revenue doubled sequentially. The company achieved an annualized revenue run-rate (ARR) of $1.5 billion, up 37%. Despite this growth, gross margins decreased to 33.0%, and GAAP EPS dropped to $0.24, down 25% from last year. The company's free cash flow increased by $322 million to $610 million. HPE raised its full-year revenue and non-GAAP EPS guidance and expects Q3 revenue between $7.4 billion and $7.8 billion. The board declared a $0.13 dividend per share, payable on July 18, 2024.

Hewlett Packard Enterprise (NYSE: HPE) has launched HPE Aruba Networking Enterprise Private 5G. This solution aims to simplify and speed up the deployment of private 5G networks, providing reliable wireless coverage for large campuses and industrial environments. It integrates comprehensive Wi-Fi and private 5G solutions, catering to industries like manufacturing, healthcare, public venues, and education. Key features include end-to-end offerings, new 4G/5G small cell radios, cloud-native management, and expanded AI data capabilities. This launch follows HPE's acquisition of Athonet in 2023, enhancing HPE's private cellular technology portfolio.

HCLTech announces its acquisition of specific assets from Hewlett Packard Enterprise's (HPE) Communications Technology Group (CTG). This move aims to bolster HCLTech's telecom services by integrating industry-leading intellectual property, engineering talent, and client relationships with major global Communication Service Providers (CSPs). The acquisition includes assets focused on Business Support Systems (BSS), network applications, service cloudification, and data intelligence, enhancing HCLTech’s AI, IoT, and data-driven services. The transaction, expected to close in 6 to 9 months pending regulatory approvals, will transfer approximately 1,500 CTG employees to HCLTech. HPE will retain its Operations Support Systems (OSS) business, continuing its focus on OSS, orchestration, assurance, and 5G networking.

The City of Carmel, Indiana is enhancing its infrastructure with HPE Aruba Networking's Wi-Fi 6E and AI technology. This upgrade aims to support public Wi-Fi across 60 venues and improve municipal operations efficiency by up to 50%. Carmel's commitment to a smart city includes public safety systems, free parking, and seasonal festivals, attracting over 130 corporate headquarters. The robust network supports indoor and outdoor activities, including a popular winter skating rink. The AI-powered solution from HPE Aruba improves public and staff mobility, reduces IT labor costs by 30%, and cuts troubleshooting time by 50%. Enhanced cybersecurity measures, like zero trust policies, have also been implemented. This modernization aims to boost civic life quality and operational efficiency, making Carmel a more attractive destination for residents and businesses alike.

Hewlett Packard Enterprise (HPE) has announced new solutions within its HPE GreenLake cloud platform to enhance how enterprises manage storage and data. The key offerings include HPE GreenLake Block Storage for AWS, which allows seamless management across hybrid cloud environments. The platform now supports NVMe capacity scaling up to 5.6PB, and HPE Infosight AIOps for enhanced performance and resource optimization.

Other announcements include the HPE Timeless Program, providing investment protection and financial flexibility, and new private cloud solutions with HPE Alletra MP and HPE SimpliVity Gen11. These innovations are geared towards simplifying IT and storage management, improving data mobility, and providing cost-effective solutions for enterprises.

HPE GreenLake Block Storage for AWS will be available by May 2024, the HPE Timeless Program in Q3 2024, and HPE GreenLake for Private Cloud Business Edition with HPE Alletra MP or HPE SimpliVity Gen11 from July 2024.