Hewlett Packard Enterprise Co Stock Price, News & Analysis

Hewlett Packard Enterprise (HPE) announces that its Aruba ESP network has been deployed at the new TQL Stadium for FC Cincinnati, a state-of-the-art venue designed for soccer. Spanning 500,000 square feet, the stadium enhances game day experiences with cashless transactions and seamless connectivity. Aruba's solutions support a fully digitalized environment, including mobile ticketing and rapid food service transactions. The $250 million facility has a capacity of 26,000 and meets FIFA and CONCACAF event requirements, establishing itself as a leading sports venue.

Hewlett Packard Enterprise (HPE) has appointed Fidelma Russo as its new Chief Technology Officer to spearhead the company's innovation agenda. Her role will focus on developing the HPE Greenlake edge-to-cloud platform. With over 30 years of experience in technology leadership and a background at VMware, Dell EMC, and other firms, Russo's expertise in cloud services and infrastructure is expected to enhance HPE's transformation into a cloud services company. This strategic hire aims to accelerate HPE's market offerings and improve customer experiences.

Hewlett Packard Enterprise (HPE) reported strong Q3 2021 results with net revenue of $6.9 billion, up 3% sequentially and 1% year-over-year. Intelligent Edge revenue increased 27% to $867 million, while HPC & MCS revenue grew 11% to $741 million. Diluted GAAP EPS was $0.29, exceeding guidance, and non-GAAP EPS rose 31% to $0.47. Free cash flow reached $1.5 billion, up $1.1 billion year-to-date. HPE raised FY21 EPS guidance to $0.80-$0.88 and free cash flow guidance to $1.5-$1.7 billion.

Hewlett Packard Enterprise (HPE) has finalized the acquisition of Zerto for $374 million, enhancing its HPE GreenLake cloud services portfolio with advanced data management and protection capabilities. The deal positions HPE in the growing data protection market, aiming to generate over $130 million in run-rate revenue with significant software gross margins. This acquisition is expected to boost HPE's recurring revenue and positively impact non-GAAP operating profit starting in FY 2023.

Hewlett Packard Enterprise (NYSE: HPE) has secured a $2B contract with the National Security Agency (NSA) for a period of 10 years. This partnership will leverage HPE's high performance computing (HPC) technology via the HPE GreenLake platform, aiming to enhance the NSA's capabilities in handling AI and data needs efficiently. Starting in 2022, the collaboration will utilize HPE Apollo systems and ProLiant servers, hosted at a QTS data center, to support intensive data processes.

Hewlett Packard Enterprise (NYSE: HPE) announced the deployment of a new supercomputer at the University of Hyogo, Japan, aimed at enhancing research capabilities in areas like meteorology, medicine, and physics. This third-generation supercomputer utilizes HPE Apollo systems and advanced AI technologies to support complex data analysis and modeling. It is designed to meet the increasing demands of research institutions and collaborations. The initiative promises improved accuracy in research outcomes and addresses significant societal challenges through enhanced computational power.

Hewlett Packard Enterprise (NYSE: HPE) partners with Patrick Terminals, Australia's largest container terminal operator, to implement the HPE GreenLake edge-to-cloud platform. This collaboration aims to enhance automation and agility in terminal operations by leveraging a private cloud model. Patrick Terminals seeks to address aging IT infrastructure issues and improve operational efficiency across its terminals located in Brisbane, Sydney, Melbourne, and Western Australia. The partnership also emphasizes scalability, allowing the company to adapt to changing business demands while managing costs effectively.

Argonne National Laboratory's Polaris, developed by HPE, aims to enhance AI and scientific projects for the upcoming Aurora exascale supercomputer.

This new testbed supercomputer will provide up to 44 petaflops of double precision performance and nearly 1.4 exaflops of theoretical AI performance. Polaris is built using 280 HPE Apollo Gen10 Plus systems and will support complex research areas, including clean energy and health sciences. Scheduled to be operational in early 2022, it will facilitate user communities in the Exascale Computing Project to tackle significant scientific challenges.

Hewlett Packard Enterprise (HPE) will hold a live audio webcast on September 2, 2021, at 5:00 p.m. ET to discuss its third-quarter financial results for fiscal 2021, which ended on July 31, 2021. Interested parties can access the webcast at www.hpe.com/investor/2021Q3Webcast. A replay will be available for one year after the event. HPE focuses on providing edge-to-cloud platform solutions that enhance organizational outcomes by leveraging data effectively.