Hewlett Packard Enterprise Company - HPE STOCK NEWS

Hewlett Packard Enterprise (NYSE: HPE) reported strong Q3 FY2024 results, with revenue up 10% to $7.7 billion. The company's AI system conversion drove impressive growth, particularly in the Server segment, which saw a 35% increase. EPS exceeded guidance, with GAAP EPS at $0.38 (up 9% YoY) and non-GAAP EPS at $0.50 (up 2% YoY). Annualized revenue run-rate (ARR) grew 35% to $1.7 billion. However, gross margins declined, and free cash flow decreased. HPE raised its FY2024 EPS guidance and expects Q4 revenue between $8.1-$8.4 billion. The company also received $2.1 billion from the partial sale of its H3C Technologies stake.

Nobu Hotels is upgrading its AI-powered network infrastructure using an end-to-end HPE Aruba Networking solution from Hewlett Packard Enterprise. This upgrade enhances secure connectivity at select properties worldwide, supporting luxury services like an AI Concierge. The deployment improves mobile, IoT device, and AI-driven application connectivity while providing operational efficiencies and strengthening data security.

Key features of the implementation include:

• Native IoT support for streamlined deployment of hospitality solutions
• Zero Trust security principles to safeguard the connectivity-driven environment
• HPE Aruba Networking Central for unified network management
• HPE Aruba Networking ClearPass for robust access policies
• HPE Aruba Networking User Experience Insight for proactive network monitoring

This upgrade allows Nobu Hotels to continue innovating and delivering iconic hospitality experiences while adapting to future technological and market developments.

Toyo Tire has selected HPE GreenLake cloud to deliver its seventh-generation high-performance computing (HPC) system, which is three times more powerful than its predecessor. This upgrade significantly accelerates Toyo Tire's ability to process structural tire data and conduct complex simulations for next-generation tire development.

The new system, leveraging HPE Cray XD systems, enables Toyo Tire to:

• Reduce time for large-scale design simulations
• Accelerate AI model training
• Improve performance of critical CAE applications
• Enhance capabilities for digitized simulation

This advancement supports Toyo Tire's innovation in addressing global trends, including the transition to electric vehicles and improving tire performance to minimize environmental impact.

Hewlett Packard Enterprise (NYSE: HPE) has announced its plan to acquire Morpheus Data, a pioneer in hybrid cloud management and platform operations software. This strategic move aims to enhance HPE GreenLake cloud by providing multi-vendor, multicloud application provisioning, orchestration, automation, and FinOps capabilities for cloud cost optimization.

The acquisition will complement HPE's previous acquisition of OpsRamp, positioning HPE as the first vendor to offer a full suite of enterprise-grade capabilities across the hybrid cloud stack. This integration is expected to simplify IT complexity, accelerate innovation, and make HPE GreenLake the future-proof hybrid cloud destination for enterprises.

The transaction is anticipated to close in early Q4 of HPE's 2024 fiscal year, subject to customary conditions. Morpheus Data's technology will be integrated with HPE GreenLake cloud and HPE's private cloud portfolio, while continuing to be offered as standalone software.

Hewlett Packard Enterprise (HPE) has announced a live audio webcast of its fiscal 2024 third quarter earnings conference call. The event is scheduled for Wednesday, September 4, at 4:00 p.m. CT (5:00 p.m. ET). The webcast will be accessible at www.hpe.com/investor/2024Q3Webcast, where investors and interested parties can review HPE's financial results for the quarter ended July 31, 2024. For those unable to attend the live event, a replay of the audio webcast will be available on the same website shortly after the call and will remain accessible for approximately one year.

HPE Aruba Networking has expanded its security-first, AI-powered networking portfolio with new behavioral analytics-based network detection and response (NDR) capabilities and enhanced cloud-based universal Zero Trust Network Access (ZTNA). The NDR solution uses AI models to monitor IoT devices for unusual activity, addressing the growing need to secure these devices as they become increasingly important for business processes and AI model training. HPE is also extending its ZTNA approach to campus-based local area networks, ensuring consistent access control policies across cloud and on-premises environments.

These new tools aim to protect users, devices, and applications at scale, particularly as AI assets become potential attack targets. The enhancements follow HPE Aruba Networking's recent unveiling of AI-powered security observability and monitoring capabilities within HPE Aruba Networking Central and the company's first SSE firewall-as-a-service at the RSA Conference.

Hewlett Packard Enterprise (NYSE: HPE) has appointed Jennifer Temple as Executive Vice President and Chief Marketing & Communications Officer (CMCO), effective August 1, 2024. Temple, who joined HPE in 2018 as Chief Communications Officer, will oversee all aspects of HPE's global brand, marketing, and communications strategy. She will focus on ensuring clear value propositions, creating immersive experiences showcasing innovation, and advancing HPE's market position as a leader in hybrid cloud with Enterprise AI and networking.

Temple succeeds Jim Jackson, who is retiring after over two decades with the company and more than six years as Chief Marketing Officer. Under Jackson's leadership, HPE achieved notable firsts, including the brand launch of HPE GreenLake and a simplification of product brands.

Hewlett Packard Enterprise (HPE) announced a partnership with Japan's National Institute of Advanced Industrial Science and Technology (AIST) to build a new supercomputer, ABCI 3.0, powered by NVIDIA. This supercomputer will be the fastest AI system in Japan with a theoretical maximum of 6.2 exaflops of half-precision performance. The system will use HPE Cray XD systems and NVIDIA H200 Tensor Core GPUs, interconnected by NVIDIA Quantum-2 InfiniBand networking.

ABCI 3.0 will provide AI-as-a-service to various public and private sectors, supporting generative AI models and facilitating research, development, and innovation. The collaboration aims to meet the rising demand for AI computational resources, enhancing the accessibility and inclusivity of AI across different industries. This initiative is expected to significantly boost Japan's AI capabilities and contribute to the country's innovation and economic growth.

Converge Technology Solutions (TSX: CTS) was named North America Storage Partner of the Year by Hewlett Packard Enterprise (HPE) during the 2024 HPE Discover conference. This award is part of HPE's Partner of the Year Awards 2024, which recognizes partners for exceptional financial performance, innovative solutions, and significant business results. Converge's CEO, Greg Berard, expressed gratitude for the award, highlighting the successful and ongoing collaboration between Converge and HPE.

HPE’s VP of Worldwide Channel & Partner Ecosystem, Simon Ewington, emphasized the importance of partnerships in delivering successful customer outcomes. This recognition underscores the value that Converge brings to its customers in their digital transformation journeys.