Reported about 1 month ago
Hewlett Packard Enterprise (HPE) raised its annual profit forecast due to a surge in demand for AI servers powered by Nvidia technology. While HPE's third-quarter server revenue reached $4.3 billion, a 35% increase year-over-year, its shares fell nearly 3% following a drop in quarterly revenue from its data analysis and traditional cloud segments. The company expects adjusted earnings per share for the year between $1.92 and $1.97 and forecasts fourth-quarter revenues of $8.1 billion to $8.4 billion, slightly above analyst predictions.
Source: YAHOO