CEO Antonio Neri: Competitors Are Not ‘Ahead’ of HPE In AI Race
Here are the five “key differentiators” Neri pointed to that give HPE a competitive advantage in the AI Market
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Juniper Networks
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.