Hewlett Packard Enterprise Company - HPE STOCK NEWS

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.

Hewlett Packard Enterprise (NYSE: HPE) has launched HPE Aruba Networking Enterprise Private 5G. This solution aims to simplify and speed up the deployment of private 5G networks, providing reliable wireless coverage for large campuses and industrial environments. It integrates comprehensive Wi-Fi and private 5G solutions, catering to industries like manufacturing, healthcare, public venues, and education. Key features include end-to-end offerings, new 4G/5G small cell radios, cloud-native management, and expanded AI data capabilities. This launch follows HPE's acquisition of Athonet in 2023, enhancing HPE's private cellular technology portfolio.

HCLTech announces its acquisition of specific assets from Hewlett Packard Enterprise's (HPE) Communications Technology Group (CTG). This move aims to bolster HCLTech's telecom services by integrating industry-leading intellectual property, engineering talent, and client relationships with major global Communication Service Providers (CSPs). The acquisition includes assets focused on Business Support Systems (BSS), network applications, service cloudification, and data intelligence, enhancing HCLTech’s AI, IoT, and data-driven services. The transaction, expected to close in 6 to 9 months pending regulatory approvals, will transfer approximately 1,500 CTG employees to HCLTech. HPE will retain its Operations Support Systems (OSS) business, continuing its focus on OSS, orchestration, assurance, and 5G networking.

The City of Carmel, Indiana is enhancing its infrastructure with HPE Aruba Networking's Wi-Fi 6E and AI technology. This upgrade aims to support public Wi-Fi across 60 venues and improve municipal operations efficiency by up to 50%. Carmel's commitment to a smart city includes public safety systems, free parking, and seasonal festivals, attracting over 130 corporate headquarters. The robust network supports indoor and outdoor activities, including a popular winter skating rink. The AI-powered solution from HPE Aruba improves public and staff mobility, reduces IT labor costs by 30%, and cuts troubleshooting time by 50%. Enhanced cybersecurity measures, like zero trust policies, have also been implemented. This modernization aims to boost civic life quality and operational efficiency, making Carmel a more attractive destination for residents and businesses alike.

Hewlett Packard Enterprise (HPE) has announced new solutions within its HPE GreenLake cloud platform to enhance how enterprises manage storage and data. The key offerings include HPE GreenLake Block Storage for AWS, which allows seamless management across hybrid cloud environments. The platform now supports NVMe capacity scaling up to 5.6PB, and HPE Infosight AIOps for enhanced performance and resource optimization.

Other announcements include the HPE Timeless Program, providing investment protection and financial flexibility, and new private cloud solutions with HPE Alletra MP and HPE SimpliVity Gen11. These innovations are geared towards simplifying IT and storage management, improving data mobility, and providing cost-effective solutions for enterprises.

HPE GreenLake Block Storage for AWS will be available by May 2024, the HPE Timeless Program in Q3 2024, and HPE GreenLake for Private Cloud Business Edition with HPE Alletra MP or HPE SimpliVity Gen11 from July 2024.

Hewlett Packard Enterprise (HPE) delivered the world's second exascale supercomputer, Aurora, to the U.S. Department of Energy’s Argonne National Laboratory. Aurora achieved 1.012 exaflops, making it the world's second-fastest supercomputer. This collaboration with Intel showcases HPE's leadership in supercomputing. Aurora is the largest AI-capable system globally, enabling breakthrough scientific discoveries and solving complex problems.

Hewlett Packard Enterprise (NYSE: HPE) will host a live audio webcast of its fiscal 2024 second quarter earnings conference call on June 4, 2024, to review financial results ending April 30, 2024. The webcast will be available at www.hpe.com/investor/2024Q2Webcast, with a replay accessible for about a year.

The University of Tennessee has enhanced game day experiences for fans by providing wireless connectivity to all 102,000 seats using Wi-Fi 6E and AI-powered infrastructure from HPE Aruba Networking. This initiative marks the first time Neyland Stadium is fully covered with Wi-Fi, enabling fans to enjoy unlimited content streaming and modern touchless mobile experiences. The deployment includes Wi-Fi 6E for indoor areas, outdoor Wi-Fi, and support for various applications, enhancing the overall fan experience during NCAA Division I football games and other events.

In a research report commissioned by Hewlett Packard Enterprise (HPE), critical gaps were identified in organizations' AI strategies, such as lack of alignment between processes and metrics, low data maturity levels, and overlooking ethics and compliance considerations. Only 7% of organizations can run real-time data pushes/pulls, with 26% having set up data governance models. Less than half of IT leaders understand the demands of AI workloads, leading to potential delivery issues. AI ethics and compliance are being ignored, posing risks to proprietary data and brand reputation. Businesses risk developing ineffective models due to low data maturity levels and lack of understanding of AI infrastructure demands.