March 2024

HPE advances long-term strategy, delivering strong profitability and scaling recurring revenue against market headwinds

Well-positioned to capture explosion of AI demand and continued opportunities in hybrid cloud and edge

Today, HPE reported first quarter financial performance for fiscal year 2024. It was a mixed story for us, with some results to be proud of and some disappointments.

Key takeaways from the quarter’s performance:

  • We achieved strong profitability, while advancing our long-term strategy.
  • We continued to scale our recurring revenue, achieving the second-highest year-over-year growth rate since we started tracking ARR [1] in late 2019 – which is a promising indicator for our ongoing portfolio shift to higher-margin revenues.
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Shifting cloud first strategy and pursuing hybrid cloud approach incorporating HPE GreenLake

There was an interesting slice of news that came out during the HPE Discover event in Barcelona late November. It was about improve ways to automate ITOps, which announced the foundational APIs for the HPE GreenLake edge-to-cloud platform. The HPE GreenLake platform now enables users to automate operations via APIs to achieve velocity, get consistent results, reduce costs, and scale. Today, many enterprises are shifting their cloud first strategy and are now pursuing hybrid cloud approach and incorporating HPE GreenLake.…

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Calling all developers…well actually calling all technologist.

One of our best kept secrets at HPE is our vibrant Developer Community where you can map into community knowledge to find out about all things software at HPE. One of the coolest programs within the dev community is our monthly Munch & Learn Technology Talks where you can join in a one-hour free webinars to hear from and engage with renowned technologists as they share thought-leadership insights on popular HPE and open source technologies. …

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