Hewlett Packard Enterprise Posts Earnings and Revenue Beats
Hewlett Packard Enterprise (HPE) outperformed analyst expectations with fiscal third-quarter earnings of $0.44 per share, surpassing the $0.42 consensus. Revenue reached $9.14 billion, exceeding forecasts of $8.84 billion, driven by strong performance in servers and networking. The company's server segment alone generated $4.94 billion, beating estimates of $4.72 billion.
The recent $14 billion acquisition of Juniper Networks, finalized on July 2, positions HPE to challenge Cisco Systems in the networking arena. Forward guidance suggests continued momentum, with projected earnings of $0.56 to $0.60 per share for the current quarter, above analyst expectations. Revenue forecasts of $9.7 billion to $10.1 billion slightly trail the $10.11 billion consensus.
