Reported about 1 month ago
Hewlett Packard Enterprise Co. has reported disappointing margins in its AI server business, with fiscal third-quarter adjusted gross margins declining to 31.8%, below analyst expectations. The increase in AI server revenue, which reached $1.3 billion, has not offset the impact of high semiconductor costs. Despite healthy sales growth and a projected increase in sales for the upcoming quarter, concerns over margins persist, leading to a 3% decline in share prices.
Source: YAHOO