Welcome to our dedicated page for Hewlett Packard Enterprise Company news (Ticker: HPE), a resource for investors and traders seeking the latest updates and insights on Hewlett Packard Enterprise Company stock.
Hewlett Packard Enterprise Company (HPE) is an American multinational information technology enterprise specializing in business-focused solutions. Founded in 2015 after its split from HP Inc., HPE's core operations span across servers, storage, networking, containerization software, and consulting and support services. The company leverages its extensive portfolio to facilitate hybrid cloud solutions and hyperconverged infrastructure, making it a pivotal entity in the IT sector.
HPE's product lines are centered around compute servers, storage arrays, and networking equipment. The company aims to lead the edge-to-cloud market, helping businesses transition seamlessly to hybrid cloud environments. This strategic focus has led to significant advancements in high-performance computing and edge computing solutions.
Recent achievements for HPE include strategic partnerships and innovative projects aimed at enhancing its service offerings. Notable collaborations have been forged in communications and media solutions, furthering its footprint in these dynamic sectors. Additionally, HPE's investments in cutting-edge technologies have bolstered its market presence and client base globally.
Financially, HPE employs a largely outsourced manufacturing model and operates with a workforce of approximately 60,000 employees worldwide. This approach ensures efficiency and scalability, allowing HPE to meet the evolving demands of its enterprise clients.
For the latest updates on HPE, including recent news and financial performance, visit the official HPE news source or trusted financial news platforms.
Hewlett Packard Enterprise (NYSE: HPE) will host a live audio webcast on March 2, 2021, at 5:00 p.m. ET to discuss its Q1 fiscal 2021 financial results, which cover the period ending January 31, 2021. The webcast can be accessed at www.hpe.com/investor/2021Q1Webcast. A replay will be made available shortly after the call and will remain accessible for about a year. HPE focuses on delivering edge-to-cloud solutions to help organizations optimize data value and enhance operational performance.
Hewlett Packard Enterprise (HPE) announced a $35+ million contract to develop a new supercomputer for the National Center for Atmospheric Research (NCAR). This advanced system will utilize HPE's high performance computing technologies and is set to offer nearly 3.5X faster processing capabilities. The supercomputer will assist in climate change research, forecasting extreme weather, and improving predictions for events like droughts and wildfires. Installation is planned for late 2021, with operational use beginning in 2022.
Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), has partnered with Ingles Market to upgrade its network infrastructure to support modern retail needs. This includes the installation of Aruba's Wi-Fi 5 and Wi-Fi 6 access points, enhancing wireless connectivity across nearly 200 stores in six Southeastern states. With growing demands for contactless services post-COVID-19, the upgrade facilitates curbside pickup and efficient inventory management. To date, 10 stores have successfully integrated the new technology, enhancing performance and preparing for future demands.
Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), has announced that its ClearPass identity-based access control solution has been recognized by the Cyber Catalyst program from Marsh for its ability to reduce cyber risk. This designation allows customers to qualify for better cyber insurance terms. The global cost of cybercrime is estimated at $1 trillion, with cybersecurity spending expected to reach $230 billion by 2025. ClearPass, along with the Aruba Policy Enforcement Firewall, provides organizations with a comprehensive security solution essential for implementing Zero Trust and SASE frameworks.
Hewlett Packard Enterprise (HPE) announced that the National Tree Company has upgraded its IT infrastructure with HPE Nimble Storage dHCI, improving order processing efficiency by 70%. This transition supports their digital transformation and meets growing customer demands, allowing order processing within 20 minutes compared to overnight. HPE Nimble Storage dHCI recorded a remarkable 280% revenue growth year-over-year. National Tree Company's IT overhaul enables faster decision-making and eliminates backorders, thereby enhancing overall workflow.
Aruba, part of Hewlett Packard Enterprise (HPE), unveiled new capabilities for its SD-WAN portfolio at AWS re:Invent 2020. The integration with AWS Transit Gateway Connect enhances monitoring and management of branch connectivity to AWS, improving performance, security, and ease of use. Key benefits include automated connectivity, reduced setup time, and operational cost savings. This collaboration allows enterprises to better manage distributed networks, responding effectively to modern business needs and enabling optimized cloud transitions for customers like Verisk Analytics.
Hewlett Packard Enterprise (HPE) has announced a significant advancement in high-performance computing (HPC) by introducing its HPC solutions as a service through HPE GreenLake. This innovation allows enterprises to access powerful computing capabilities on a pay-per-use basis, expediting deployment by up to 75% and reducing capital expenditures by 40%. The service addresses the rising demand for HPC driven by AI and data analysis, aiming to simplify complex traditional HPC setups. Initial offerings will be available in spring 2021, facilitating rapid deployment of computing resources.
Hewlett Packard Enterprise (HPE) reported Q4 results for FY20 with net revenue of $7.2 billion, flat year-over-year, but up 6% sequentially. GAAP diluted EPS was $0.12, down from $0.36 last year, yet above expectations. Non-GAAP diluted EPS was $0.37, down from $0.49, exceeding guidance. Intelligent Edge revenue increased by 6%, and High-Performance Compute revenue surged 25%. HPE raised FY21 EPS guidance to $0.38-$0.56, and non-GAAP EPS to $1.60-$1.78. The company is relocating its headquarters to Houston, Texas, and declared a dividend of $0.12 per share.