Hewlett Packard Enterprise Company - HPE STOCK NEWS

Hewlett Packard Enterprise (NYSE: HPE) is building a new supercomputer for Thailand's National Science and Technology Development Agency (NSTDA) that is 30X faster than its existing system. The HPE Cray EX system will enhance research in pharmaceuticals, renewable energy, and weather forecasting. This supercomputer aims to boost Thailand's economy and self-reliance by supporting public and private R&D. It features advanced technologies including 496 3rd Gen AMD EPYC processors and NVIDIA A100 GPUs, delivering 13 petaflops of peak performance, and is scheduled for installation in 2022.

Hewlett Packard Enterprise (NYSE: HPE) has partnered with RMIT University to implement the HPE GreenLake platform, enhancing the university's data storage capabilities in response to increased online learning demands. This solution eliminates substantial upfront data storage costs and reduces service delivery resources by 50%. RMIT, which serves 95,000 students, aims to shift from managing infrastructure to enabling value for students. The partnership is expected to foster innovation and improve the educational experience through advanced hybrid cloud infrastructures.

Hewlett Packard Enterprise's Aruba has been recognized as a Leader for the sixteenth consecutive year in Gartner's Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure. In addition, Aruba achieved the highest scores in three out of five use cases in Gartner's Critical Capabilities report, outperforming all competitors. This recognition reinforces Aruba's commitment to a 'customer first, customer last' philosophy and its focus on innovation through Aruba ESP and as-a-service initiatives, signaling strong market leadership and sustained value for enterprises.

Hewlett Packard Enterprise (NYSE: HPE) has announced the construction of 'Adastra,' one of Europe's most powerful supercomputers at CINES, France, as part of a partnership with GENCI. Utilizing the HPE Cray EX system and 3rd Gen AMD EPYC processors, Adastra aims to provide over 70 petaflops, significantly enhancing performance by more than 20X compared to existing systems. This initiative will bolster research in renewable energy, material science, and medical advancements, propelling France's R&D capabilities forward.

Hewlett Packard Enterprise (NYSE: HPE) will host a live audio webcast on November 30, 2021, at 4:30 p.m. ET to discuss its fourth quarter financial results for fiscal 2021, which concluded on October 31, 2021. Investors can access the webcast at www.hpe.com/investor/2021Q4Webcast. A replay will be available shortly after the live event and will remain accessible for one year.

Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), announced the deployment of an Aruba ESP network at WIPTEC's new 1.7 million-square-foot distribution center in Longueuil, Quebec. WIPTEC, a leader in order fulfillment, processes 85 million parcels annually and sought a robust network to support 10,000 devices, ensuring real-time data access for optimal operations. The upgrade aims to enhance automation, minimize downtime, and improve labor efficiency, vital amidst rising e-commerce demand. WIPTEC plans further upgrades and the establishment of additional fulfillment centers, including a refrigerated one in 2023.

Ficomirrors has adopted the HPE GreenLake edge-to-cloud platform to enhance efficiency in automotive manufacturing. This move aims to support just-in-sequence (JIS) manufacturing, improving production cycles and reducing inventory costs. HPE GreenLake’s flexible IT consumption model allows for scaling operations without large investments. The platform is expected to deliver benefits such as increased resource efficiency, reduced total cost of ownership, and improved data management. HPE GreenLake has over $5.2 billion USD in total contract value and serves around 1200 enterprise customers globally.

Hewlett Packard Enterprise (HPE) provided its outlook for FY22 during a recent virtual Securities Analyst Meeting. The company forecasts a non-GAAP operating profit growth of 10-15% and expects diluted net earnings per share between $1.96-$2.10. Additionally, HPE anticipates free cash flow of $1.8-$2.0 billion in FY22, with a commitment to return at least 60% to shareholders in dividends and share repurchases. HPE projects revenue growth of 3-4% and long-term financial goals include a compound annual revenue growth of 2-4% through FY24.

Hewlett Packard Enterprise (NYSE: HPE) has expanded its partnership with Oil and Natural Gas Corporation Limited (ONGC), India's largest oil and natural gas company, through the deployment of the HPE GreenLake edge-to-cloud platform. The platform will host ONGC's SAP S/4 HANA workloads, enhancing performance, analytics, and transaction processing. This collaboration aims to support ONGC's digital transformation and compliance with regulatory requirements while providing a pay-per-use model for scalability with minimal upfront investment.