Hewlett Packard Enterprise Company - HPE STOCK NEWS

Hewlett Packard Enterprise (HPE) has secured a contract exceeding $160 million from the European High Performance Computing Joint Undertaking (EuroHPC JU) to develop one of the world's fastest supercomputers, known as LUMI, in Finland. This pre-exascale system will achieve a theoretical peak performance of over 550 petaflops, equating to the power of 1.5 million laptops. The system, featuring AMD EPYC CPUs and AMD Instinct GPUs, will enhance research in diverse fields, including healthcare, AI, and weather forecasting, and is expected to be operational by mid-2021.

Hewlett Packard Enterprise (HPE) has secured a $48 million contract from the Pawsey Supercomputing Centre in Australia to develop a new supercomputer as part of the $70 million Pawsey Capital Refresh Program funded by the Australian government. The new system, HPE's Cray EX supercomputer, boasts 30X more compute power and 10X energy efficiency than its predecessor, Magnus. It will feature capabilities of 50 petaflops, facilitating advancements in research areas such as astronomy and drug discovery, supporting over 1,600 researchers.

Hewlett Packard Enterprise (HPE) held its virtual Securities Analyst Meeting, unveiling strategies aimed at sustainable growth. CEO Antonio Neri emphasized the need for digital transformation, accelerated by the pandemic. HPE plans to stabilize its core businesses while doubling down on growth areas such as Intelligent Edge and High-Performance Compute. The company targets a non-GAAP diluted net EPS of $1.56 to $1.76 for FY21 and anticipates free cash flow of $0.9 billion to $1.1 billion, marking a 65% year-over-year increase. HPE also aims for a long-term revenue growth rate of 1-3% adjusted for currency.

Hewlett Packard Enterprise (HPE) has been selected by IT4Innovations National Supercomputing Center to build the Czech Republic's most powerful supercomputer, part of the EuroHPC initiative. This supercomputer, titled 'EURO_IT4I', will enhance capabilities for modeling and simulations, targeting areas like weather forecasting and drug discovery. HPE's solutions will include the Apollo 2000 and 6500 systems, featuring over 500 NVIDIA A100 GPUs. The installation is set for 2021, with the supercomputer aiming for a performance peak of 15 petaflops.

The latest research from Aruba, a Hewlett Packard Enterprise company, reveals that organizations are increasingly reliant on Edge technologies to manage and analyze data effectively. With 72% of IT decision-makers currently using these technologies, and another 16% planning to adopt them, the trend highlights a shift towards real-time data processing. The report indicates that 78% of companies with mature Edge deployments see significant improvements in decision-making capabilities. However, challenges like skill gaps and security concerns persist. The full study is titled 'At the Edge of Change: Navigating the New Data Era.'

Hewlett Packard Enterprise (HPE) has announced that Kern County, California, has chosen HPE GreenLake for its digital transformation, enhancing IT operations and centralizing services across various departments. HPE GreenLake enables the county to benefit from cloud agility while maintaining compliance and cost control. Currently, over 75% of departments utilize the service, aiming for full integration. Additionally, the platform has facilitated immediate increases in Virtual Desktop Infrastructure (VDI) capabilities during the COVID-19 pandemic, providing significant operational flexibility and efficiency.

Hewlett Packard Enterprise (HPE) has announced an expansion of its supply chain security through the launch of the HPE Trusted Supply Chain initiative. This initiative aims to provide U.S. federal and public sector customers with industry-standard servers produced in the U.S., featuring robust security measures. The new HPE ProLiant DL380T server is the first to be built under this initiative. HPE leverages silicon root of trust technology to enhance security and aims to extend this initiative across its entire server portfolio in 2021.

Hewlett Packard Enterprise (NYSE: HPE) will hold its 2020 virtual Securities Analyst Meeting on October 15 at 3:15 p.m. ET. The event features CEO Antonio Neri and CFO Tarek Robbiati, who will discuss HPE's vision, strategy, and financial outlook. Interested participants can join the live webcast at www.hpe.com/investor/SAM2020. For more information, visit investors.hpe.com.