Hewlett Packard Enterprise Company - HPE STOCK NEWS

Deloitte has announced a collaboration with Hewlett Packard Enterprise (HPE) and NVIDIA to develop Generative AI solutions aimed at transforming industry-specific challenges. Revealed at HPE Discover 2024, the collaboration focuses on using the new NVIDIA AI Computing by HPE portfolio to accelerate digital transformation through AI-driven applications.

The first use case targets manufacturing simulations, leveraging NVIDIA Omniverse and HPE GreenLake technologies. This initiative aims to enhance data extraction and management, enabling the creation of digital twins and improving decision-making in manufacturing processes.

This partnership aligns with Deloitte's IndustryAdvantage strategy, which commits to addressing industry-specific issues through innovation and co-investment. By utilizing HPE's Private Cloud AI and NVIDIA's accelerated computing capabilities, the collaboration seeks to simplify AI adoption and deliver significant business value to enterprises.

Hewlett Packard Enterprise (HPE) and NVIDIA have announced the launch of 'NVIDIA AI Computing by HPE' to accelerate the adoption of generative AI in enterprises. This solution integrates NVIDIA AI computing, networking, and software with HPE's AI storage, compute, and the HPE GreenLake cloud.

The main product, HPE Private Cloud AI, offers energy-efficient and scalable AI solutions, supported by OpsRamp AI copilot for enhanced IT operations. It includes a range of configurations and support from global system integrators like Deloitte and Infosys. The offerings feature NVIDIA's latest GPUs and CPUs, providing robust support for complex AI workloads. Available in the fall, these solutions aim to boost productivity and unlock new revenue streams for enterprises.

Hewlett Packard Enterprise (NYSE: HPE) has introduced new AI and hybrid cloud programs aimed at enhancing partner profitability. In collaboration with NVIDIA, the initiatives include comprehensive AI channel enablement tools, certifications, and training to advance partner expertise in AI, compute, storage, networking, and hybrid cloud. The programs are designed to support partners in developing advanced AI practices, deploying tailored AI solutions, and boosting revenue streams through HPE’s GreenLake offerings. The HPE Partner Ready Vantage program has also been enriched, showcasing a potential 4.9x revenue multiplier for partners integrating HPE solutions. Notable competencies introduced include AI readiness workshops, AI skills development, and HPC support for enterprise clients, focusing on sustainable and efficient technologies.

Hewlett Packard Enterprise (HPE) and Danfoss have announced a partnership to launch HPE IT Sustainability Services – Data Center Heat Recovery. This initiative introduces an off-the-shelf heat recovery module to help organizations manage and reuse waste heat from data centers, aiming to enhance sustainability and reduce energy consumption.

HPE's new Modular Data Center (MDC) uses direct liquid cooling, improving energy efficiency by 20%. Danfoss contributes with heat reuse modules and Turbocor® compressors to enhance cooling efficiency by 30%. This solution allows for quicker deployment, reduces energy loss, and offers a lower power usage effectiveness (PUE) of 1.14.

The collaboration aims to address the growing energy demands of AI technologies and contribute to decarbonization efforts by transforming waste heat into a renewable energy source for various applications. The new services are available for immediate order.

11:11 Systems has been named North America Service Provider of the Year by Hewlett Packard Enterprise (HPE) for the second consecutive year. The award celebrates 11:11 Systems' success in delivering innovative and resilient cyber and cloud services. Announced at HPE Discover 2024, the award recognizes outstanding financial performance, innovative solutions, and significant business results. 11:11 Systems leverages HPE's technology, including HPE GreenLake, to protect critical applications and data from threats like cybercrime and hardware failure. Chief Strategy Officer Dante Orsini highlighted 11:11 Systems' mission to secure customers' applications and data while embracing technological advancements.

Hewlett Packard Enterprise (NYSE: HPE) will live broadcast its HPE Discover 2024 keynote and a live webcast of its Investor Relations Summit on June 18, 2024. The keynote, featuring HPE President & CEO Antonio Neri and NVIDIA CEO Jensen Huang, will be held at Sphere, Las Vegas, starting at 11 a.m. CT (9 a.m. PT). Following the keynote, HPE's executive leadership, including Fidelma Russo, Neil MacDonald, and Phil Mottram, will host a live investor Q&A session from 1:45 p.m. to 2:30 p.m. CT (11:45 a.m. to 12:30 p.m. PT). Investors can find webcast details on HPE’s Investor Relations website, with replays available for about a year.

FC Barcelona and Hewlett Packard Enterprise (HPE) have signed a four-season partnership, running until June 30, 2028, making HPE the Official Edge-to-Cloud Partner for Espai Barça. This collaboration aims to enhance the fan experience at Barça's new facilities through advanced technologies including HPE Aruba Networking and HPE GreenLake cloud. The partnership will enable real-time analytics, integrated security, gamification, and virtual reality. HPE will implement advanced cloud and networking solutions to bolster security and connectivity at the stadium, enhancing the overall match-day experience for fans and optimizing game performance through advanced analytics.

Hewlett Packard Enterprise (NYSE: HPE) announced that Blue Diamond Growers, the leading U.S. brand for almonds and almond milk, has modernized its wireless networking infrastructure using HPE Aruba Networking Wi-Fi 6E. This upgrade supports Blue Diamond's three California-based manufacturing facilities, which process around a billion pounds of almonds annually. The new infrastructure improves mobile and IoT device connectivity, speeding up troubleshooting by 50%. Blue Diamond relies on Wi-Fi for various operations, including crop delivery and product tracking. The network, managed with HPE Aruba Networking Central, has reduced IT overhead and saved the company over $250,000 annually. Future growth and R&D efforts are expected to benefit from this advanced networking solution.

Hewlett Packard Enterprise (HPE) reported its fiscal Q2 2024 results, showcasing strong performance. Revenue reached $7.2 billion, a 3% year-over-year increase, while AI systems revenue doubled sequentially. The company achieved an annualized revenue run-rate (ARR) of $1.5 billion, up 37%. Despite this growth, gross margins decreased to 33.0%, and GAAP EPS dropped to $0.24, down 25% from last year. The company's free cash flow increased by $322 million to $610 million. HPE raised its full-year revenue and non-GAAP EPS guidance and expects Q3 revenue between $7.4 billion and $7.8 billion. The board declared a $0.13 dividend per share, payable on July 18, 2024.