HPE posts record $10.7B quarterly revenue as AI demand and Juniper acquisition drive growth
By
Carly Page
Plain bagel done well. Pleasantly substantive.
Summary
HPE reported record quarterly revenue of $10.7 billion (up 40% YoY), its biggest earnings beat since 2018. CEO Antonio Neri celebrated the $14 billion Juniper acquisition as a key driver, with networking revenue surging to $2.7 billion and AI systems orders reaching $1.8 billion. The strong results, fueled by AI demand and networking growth, sent HPE shares sharply higher.
Key quotes
· 3 pulledHPE just posted its biggest earnings beat since 2018, and CEO Antonio Neri wasted little time taking a victory lap for the company's $14 billion Juniper acquisition.
The infrastructure giant posted record quarterly revenue of $10.7 billion on Monday, up 40 percent year over year, while networking revenue surged to $2.7 billion and AI systems orders reached $1.8 billion.
If there was a theme to Neri's remarks, it was that HPE's networking strategy has gone
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