HPE advances long-term strategy, delivering strong profitability and scaling recurring revenue against market headwinds Antonio NeriMarch 11, 20240126 views 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.… Read more