HPE reports revenue of $7 bn in July quarter

Hewlett Packard Enterprise (HPE) announced revenue of $7 billion (+1 percent) for the third quarter, ended July 31, 2022.
HPE HPC as a service
“Our continued innovation and focus on execution resulted in revenue and profit growth, which are particularly noteworthy in such a dynamic market. Our growth in recurring revenue this fiscal year is evidence of customers’ strong response to our HPE GreenLake platform,” said Antonio Neri, president, and CEO of Hewlett Packard Enterprise.

“Customers continue to prioritize investments in IT and are finding HPE’s industry-leading edge-tocloud portfolio to be particularly relevant in today’s complex macroeconomic environment, where technology innovation is critical to accelerate business transformation and deliver important business outcomes.”

Segment Results

Intelligent Edge revenue was $941 million, up 8 percent
Aruba Services revenue was up double-digits
Intelligent Edge as-a-Service ARR was up more than 60 percent
High Performance Computing & Artificial Intelligence (HPC & AI) revenue was $830 million, up 12 percent
HPC market share expanded to 39 percent and includes four of the global top 10 supercomputers
Compute revenue was $3.0 billion, down 3 percent
Storage revenue was $1.2 billion, down 2 percent
Financial Services revenue was $817 million, down 3 percent

Hewlett Packard Enterprise announced in June that the company would proceed with a managed exit of its remaining business in Russia and Belarus. During the third quarter of 2022, HPE recorded a pre-tax charge of $36 million related to exit.