Reported about 1 month ago
Hewlett Packard Enterprise (HPE) is experiencing a drop in shares despite exceeding third quarter earnings expectations, partially due to cyclicality in its networking business. HPE CEO Antonio Neri highlighted strong revenue growth in AI but noted a decline in overall gross margins. He emphasized a disciplined approach towards pricing and operating expenses as the competition heats up in the AI market. Neri also discussed the anticipated benefits of HPE's upcoming acquisition of Juniper Networks, which is expected to dramatically enhance HPE's networking revenue and margins.
Source: YAHOO