Hewlett Packard Enterprise Co Stock Price, News & Analysis

Hewlett Packard Enterprise (HPE) held its annual Securities Analyst Meeting, where executives presented the company's financial outlook for FY2023 and discussed its growth strategy. CEO Antonio Neri highlighted HPE's edge-to-cloud strategy, anticipating revenue growth of 2-4% for FY2023 and strong margins. The HPE GreenLake platform shows significant promise with over 120,000 users and $7.7 billion total contract value. HPE aims for $1.9 billion to $2.1 billion in free cash flow and a non-GAAP diluted EPS between $1.96 and $2.04 for FY2023.

Aruba, a Hewlett Packard Enterprise company, has partnered with OmniClouds by signing a strategic Managed Service Provider (MSP) agreement during GITEX Global 2022 in Dubai. This collaboration aims to enhance digital transformation and promote HPE GreenLake for Aruba Network as a Service (NaaS) in the Middle East and Africa. The partnership focuses on enabling organizations to efficiently deploy critical use cases such as hybrid work and connected retail. A recent survey indicates that 86% of companies in MESA are interested in NaaS, emphasizing its growing significance.

Hewlett Packard Enterprise (NYSE: HPE) announced the construction of a new supercomputer for the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) in Dubai, aimed at enhancing AI research capabilities and supporting the UAE's ambition to lead globally in AI by 2031. The supercomputer will utilize advanced HPE technologies, including AMD EPYC™ processors and NVIDIA A100 GPUs, alongside a four petabyte storage system. This initiative is expected to drive significant advancements in various sectors, including healthcare and sustainability.

Hewlett Packard Enterprise (NYSE: HPE) has been selected by AG, Belgium's leading insurance provider, to modernize its IT infrastructure. HPE will migrate AG's applications from aging mainframe systems to a more flexible, cost-effective open systems solution using HPE Synergy and HPE Primera. This transition aims to reduce operating costs by 75%, enhance agility, and support digital transformation. AG insures around three million policyholders and seeks to improve customer experience by ensuring high availability and resilience in service delivery.

Aruba, a Hewlett Packard Enterprise company, announces that Chase Center, home of the Golden State Warriors, has become the first arena in North America to implement Wi-Fi 6E technology. This deployment significantly enhances bandwidth for fans during events, supporting high-bandwidth activities like streaming and in-seat ordering. The installation includes over 250 Wi-Fi 6E access points, operational since September 3, 2022. The venue's network can handle tremendous data usage, evidenced by peak traffic of over 4.05 TB during events.

Hewlett Packard Enterprise (NYSE: HPE) will conduct its Securities Analyst Meeting on October 19, 2022, at 2:30 p.m. CT (3:30 p.m. ET). The event will feature presentations by Antonio Neri, CEO, and Tarek Robbiati, CFO, discussing HPE’s strategic vision and financial outlook. A live Q&A session will follow the presentations. Participants can access the live webcast at www.hpe.com/investor/SAM2022, with a replay available for a year post-event.

Hewlett Packard Enterprise (NYSE: HPE) announced that Maincare, a top French healthcare software provider, has adopted the HPE GreenLake edge-to-cloud platform to enhance its Maincare Hosting Services. This collaboration aims to address the growing demand for secure, healthcare-certified cloud solutions. Maincare, with over 20 years of experience, emphasizes compliance with stringent regulations for sensitive data storage. This partnership aims to deliver cost-effective, scalable solutions while improving data security and sustainability for healthcare organizations.

Hewlett Packard Enterprise (NYSE: HPE) has announced a partnership with du, a telecommunications company in the UAE, to implement its next-generation Operations Support System (OSS). This deployment aims to accelerate du's digital transformation and enhance its 5G network capabilities. The new OSS will improve service offerings, customer experience, and time to market. HPE's orchestration software will integrate with du's existing systems, ensuring scalability and future readiness for advanced services. This collaboration is expected to solidify du's position in the competitive 5G landscape.

Hewlett Packard Enterprise (NYSE: HPE) has been chosen by King Abdullah University of Science and Technology (KAUST) to develop the Shaheen III supercomputer, set to be the most powerful in the Middle East. Shaheen III will be 20 times faster than its predecessor, enhancing research in critical areas such as clean combustion, Red Sea ecosystems, and climate modeling. Utilizing HPE Cray EX technology, it aims to support AI-at-scale and complex scientific research. The supercomputer is expected to be operational in 2023 and will significantly boost KAUST's capacity for data processing and model generation.