Key Takeaways
- Hewlett Packard Enterprise reported fiscal third-quarter sales that beat analysts' expectations, buoyed by a surge in server revenue driven by artificial intelligence demand.
- Diluted earnings per share missed estimates compiled by Visible Alpha, though adjusted earnings came ahead of projections.
- The company raised and narrowed its outlook for full-year earnings.
Hewlett Packard Enterprise (HPE) posted fiscal third-quarter sales that beat analysts' expectations, buoyed by a surge in server revenue driven by demand for 澳洲幸运5开奖号码历史查询:artificial intelligence (AI).
The server and storage maker reported third-quarter revenue jumped 10% year-over-year to $7.7 billion, above analysts’ expectations. Server revenue was up 35% from the year-ago quarter to $4.3 billion. Revenue from HP Enterprise's Intelligent Edge and cloud segments fell year-over-year, while revenue in its financial services segment rose 1%.
Diluted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of 38 cents missed analysts' estimates compiled by Visible 🌄Alpha, though adjusted EPS of 50 cents came ahead of projeꦛctions.
“These results reflect our momentum in delivering on our edge-to-cloud strategy across networking, hybrid cloud, and AI," HP Enterprise CEO Antonio Neri said in a release.
The company raised its full-year EPS outlook to between $1.68 and $1.73, up from $1.61 to $1.71 previously, and maintained its revenue growth estimate of 1% to 3%.
HP Enterprise shares were down about 1.9% at $18.42 in extended trading Wednesday following the company's earnings release.