Hewlett Packard Enterprise Co - HPE STOCK NEWS

Dubai Islamic Bank selects HPE GreenLake and HPE Aruba Networking to modernize their core banking system and enhance connectivity and network security.

HPE deploys integrated private 5G and Wi-Fi network at the Ryder Cup, showcasing future of wireless connectivity

Pennsylvania Convention Center adopts Wi-Fi 6E from HPE Aruba Networking to enhance connectivity for events

Hewlett Packard Enterprise to host Securities Analyst Meeting on October 19, 2023

HPE Aruba Networking introduces new products to improve network performance for SMBs

Emerging technology like generative AI is seen as crucial for business innovation, but cybersecurity concerns are hindering investment, according to research by HPE Aruba Networking. 64% of IT leaders believe that cybersecurity concerns are negatively impacting their organization’s willingness to invest in innovative tech. However, 89% of IT leaders say their organization requires high levels of innovation, including generative AI, in the next 12 months to succeed. Organizations are turning to technologies like 5G, AI and machine learning, and IoT to drive innovation, but only 45% describe their organization as innovative and secure. IT leaders also have concerns about their ability to keep up with technology demands and their IT teams being stretched to capacity. The research highlights the role of the network in facilitating safer innovation and supporting cybersecurity effectiveness and innovation. Organizations are investing in network-based security solutions, but there is a need to tie these investments together to realize their benefits. A unified SASE approach is recommended to bring together all network technologies and support safe innovation.

HPE reports Q3 revenue of $7.0 billion, up 1% YoY and 3.5% in constant currency. Gross margins increase, but non-GAAP diluted net EPS decreases sequentially. Cash flow from operations and free cash flow also increase. Q4 revenue estimated to be $7.2 billion to $7.5 billion. FY2023 revenue growth expected to be 4% to 6% in constant currency. Reiterates FY2023 GAAP diluted net EPS guidance and raises non-GAAP diluted net EPS guidance. Provides FY2023 non-GAAP operating profit growth estimate. Reiterates FY2023 free cash flow guidance. Declares regular cash dividend of $0.12 per share. Returns approximately 60% of free cash flow to shareholders.

YMCA of Greater Boston modernizes networking infrastructure with Aruba Instant On, reducing network management costs by 50%

Cyxtera collaborates with HPE to offer Enterprise Bare Metal solution supported by HPE GreenLake platform, providing operational flexibility of the cloud with performance, control, cost-predictability, and security. Quick Start TCO Workshop program helps assess IT infrastructure and compare costs with colocation, bare metal, and public cloud. HPE buys back old hardware through Asset Upcycling Services. Benefits include quick provisioning, cost reduction, improved performance and security, maximum control, simplified capacity planning, and access to interconnection services and technology partners.