HPE revenue dips 3% to $12.7 billion in Q1

Hewlett Packard Enterprise Hanover Street
Hewlett Packard Enterprise (HPE) said revenue fell 3 percent to $12.7 billion in its fiscal 2016 first quarter, ended January 31, 2016.

“During our first quarter as an independent company, we saw the progress that comes from being more focused and nimble,” said Meg Whitman, president and chief executive officer of Hewlett Packard Enterprise.

HPE generated revenue of $7.1 billion (+1 percent) from enterprise group, $4.7 billion (–6 percent) from enterprise services, $780 million (–10 percent) from software and $776 million (–3 percent) from financial services in Q1.

In the enterprise group of HPE, revenue from servers dipped 1 percent, storage fell 3 percent, networking rose 54 percent, and technology services declined 9 percent.

In the enterprise services of HPE, revenue from infrastructure technology outsourcing fell 8 percent, and Application and Business Services dipped 3 percent.

In HPE software business, revenue from license revenue dropped 6 percent, support dipped 13 percent, professional services declined 7 percent, and software-as-a-service (SaaS) fell 9 percent.

Baburajan K
[email protected]

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