HPE Reports Q1 Results
HPE News, March 3rd, 2020
March 3, 2020,
Volume 264, Issue 1

Revenue: $6.9 billion with growth in areas of investment, including Intelligent Edge and as-a-Service offerings

Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for its fiscal 2020 first quarter, ended Jan. 31, 2020.

'HPE's first quarter results demonstrate continued progress against our strategic priorities to shift our company to higher-margin and more recurring revenues against a dynamic market backdrop,' said Antonio Neri, president and CEO of Hewlett Packard Enterprise. 'While our overall revenue declined for the quarter, primarily due to our Compute business, we grew our ARR by 19 percent and saw profitable growth in key areas of investment, including Intelligent Edge, High Performance Compute, Hyperconverged Infrastructure, Big Data Storage and Operational Services orders.'

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