Hewlett Packard Enterprise (HPE) reported revenue of $6.7 billion, up 9 percent from the prior-year period, for the second quarter, ended April 30, 2021.
Antonio Neri, president and CEO of Hewlett Packard Enterprise, said: “We are strengthening our core compute and storage businesses, doubling down in our growth Intelligent Edge and HPC businesses and accelerating our pivot to as-a-service, while also advancing our cloud-first innovation agenda to become the edge-to-cloud platform as-a-service choice for our customers and partners.”
Annualized revenue run-rate (ARR) of $678 million, up 30 percent from the prior-year period and total as-a-Service orders were up 41 percent from the prior-year period.
HPE Aruba Central SaaS platform continued to grow, up triple-digits from the prior-year period.
Intelligent Edge revenue was $799 million, up 17 percent, with 15.5 percent operating profit margin, compared to 12.3 percent from the prior-year period.
Switching was up 17 percent, WLAN was up 16 percent, and Aruba SaaS offering was up triple-digits from the prior-year period and is now a meaningful contributor to HPE’s overall ARR.
High Performance Compute & Mission Critical Systems (HPC & MCS) revenue was $685 million, up 13 percent, with 2.8 percent operating profit margin, compared to 7.6 percent from the prior-year period. HPE remains on track to achieve full year and 3-year revenue growth CAGR target of 8 percent to 12 percent.
Compute revenue was $3.0 billion, up 10 percent, with 11.3 percent operating profit margin, compared to 5.8 percent from the prior-year period.
Storage revenue was $1.1 billion, up 3 percent, with 16.8 percent operating profit margin, compared to 15.7 percent from the prior-year period.
HPE said notable strength in software-defined solutions, including Nimble, up 17 percent, with strong momentum in dHCI growing triple-digits. All flash Arrays grew 20 percent led by Primera, up triple-digits from the prior-year period.
Financial Services revenue was $839 million, down 3 percent, with 10.8 percent operating profit margin, compared to 9.2 percent from the prior-year period.
