Antonio Neri

Antonio Neri welcomes NVIDIA Founder and CEO Jensen Huang for the keynote at Sphere

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Join Antonio Neri, HPE President and CEO, when he takes the stage at Sphere with special guest NVIDIA Founder and CEO Jensen Huang for an epic keynote. HPE leaders, including Fidelma Russo, EVP and GM, Hybrid Cloud, and HPE CTO; Neil MacDonald, EVP and GM, Compute and HPC & AI; and Phil Mottram, EVP and GM, HPE Intelligent Edge business as they share the latest announcements, partnerships, and innovations coming from HPE and customers around the globe.…

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

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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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