HPE revenue jumps 7% to $7.9 bn in Oct quarter

Hewlett Packard Enterprise (HPE) announced financial results for the fourth quarter and full-year, ended October 31, 2022.
HPE
HPE is expecting revenue of $7.2-$7.6 billion in Q1 fiscal 2023.

HPE has reported revenue of $7.9 billion (+7 percent) in fourth quarter fiscal 2022 and $28.5 billion (+3 percent) in the last 12 months.

HPE said this is the second-highest quarterly revenue on record for the company on a continuing operations basis.

Antonio Neri, president and CEO of Hewlett Packard Enterprise, said: “We are producing strong financial results as we meet new customer needs with the edge-to-cloud portfolio that only we can deliver.”

Fourth Quarter

HPE has reported revenue of $965 million (+18 percent) from Intelligent Edge, $862 million (–14 percent) from High Performance Computing & Artificial Intelligence (HPC & AI), $3.7 billion (+16 percent) from Compute, $1.3 billion (+4 percent) from Storage and $857 million (flat) from Financial Services business.

HPE’s Aruba Services revenue was up high single-digits.

HPC & AI market share is 37 percent and includes four of the global top-10 supercomputers and three of the top five.