HPE Surprises With Revenue Gain After Slimming Down
- Sales rose 2.5 percent in the quarter, topping estimates
- Storage, networking gear bolstered results during period
IDC's Del Prete Says HPE Is More Focused and Leaner
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Hewlett Packard Enterprise Co. is emerging from an aggressive effort to slim down, reporting stronger-than-projected quarterly sales on healthier demand for servers and storage gear that help run data centers.
Revenue rose 2.5 percent to $8.2 billion in the fiscal third quarter, marking the first time in five quarters the corporate technology company beat analysts’ sales estimates. Adjusted profit was 30 cents a share, the Palo Alto, California-based company said Tuesday in a statement.