Hewlett Packard Enterprise Co Stock Price, News & Analysis

Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), in partnership with reelyActive, launched an open-source data converter, Pareto Anywhere for Azure. This tool allows data from IoT devices to be integrated efficiently with Microsoft Azure applications, significantly reducing the time and cost typically associated with custom engineering for IoT data integration. The converter reformats data from various legacy IoT devices to be compatible with Azure without the need for additional gateway hardware. This innovation enables businesses to quickly adapt to changing IoT needs while maintaining their existing infrastructure.

Hewlett Packard Enterprise (HPE) reported a record Q1 fiscal 2023, with revenue reaching $7.8 billion, a 12% increase year-over-year, and for the first time, annualized revenue run-rate (ARR) surpassed $1 billion, rising 26% year-over-year. Gross margins improved, with GAAP at 34.0% and non-GAAP at 34.2%. While GAAP EPS declined 3% year-over-year to $0.38, non-GAAP EPS increased 19% to $0.63. HPE raised its fiscal 2023 revenue growth outlook to 5%-7% and expects Q2 revenue between $7.1 billion and $7.5 billion.

Hewlett Packard Enterprise (NYSE: HPE) has announced its definitive agreement to acquire Axis Security, enhancing its edge-to-cloud security capabilities with a unified Secure Access Services Edge (SASE) solution. This acquisition aims to address the rising demand for integrated networking and security solutions. Axis Security's cloud-native Security Services Edge (SSE) platform will complement HPE's existing SD-WAN and firewall offerings. The deal is expected to close by the end of the second quarter of HPE's 2023 fiscal year and will integrate Axis's technology into HPE's GreenLake platform, offering customers flexible, subscription-based services.

Hewlett Packard Enterprise (NYSE: HPE) has acquired Athonet, a provider of private cellular network technology, enhancing HPE's edge-to-cloud offerings. This acquisition aims to accelerate 5G deployments for enterprises and communication service providers, tapping into a projected market worth over $1.6 billion by 2026, as per IDC. Athonet's solutions will merge with HPE’s existing portfolios, particularly in telco and Aruba networking, promising improved network capabilities and new revenue streams. The transaction is expected to close in Q3 2023, pending regulatory approvals.

Mavenir has expanded its partnership with Hewlett Packard Enterprise (HPE), validating its Open vRAN DU software on the HPE ProLiant DL110 Telco server. This collaboration aims to enhance network deployment and interoperability, particularly for 5G applications. Mavenir's Open vRAN solution is compliant with O-RAN standards and supports multiple fronthaul splits. The HPE server is optimized for edge applications, addressing telco concerns on total cost of ownership (TCO) with improved power performance. This partnership underlines a shared vision for a future-proof network infrastructure.

Hewlett Packard Enterprise (HPE) has partnered with OL Groupe to modernize its IT infrastructure, focusing on energy efficiency and performance enhancements. Utilizing the HPE GreenLake edge-to-cloud platform, OL Groupe aims to reduce its power consumption by 20% annually and cut energy costs by 50%. The new infrastructure will quadruple the data center's performance at Groupama Stadium, supporting various events and improving visitor safety through enhanced surveillance capabilities. This strategic move is expected to bolster OL Groupe's entertainment offerings and environmental commitment.

Expedient launched Expedient Edge, a comprehensive platform integrating operational and information technology into a cloud operating model. This initiative caters to a wide array of industries and organizations, featuring consumption-based managed services such as virtual machines, containers, and disaster recovery. Expedient Edge facilitates easy setup by non-IT staff and is optimized for remote environments. Partnering with Hewlett Packard Enterprise (HPE) and VMware (VMW), the platform ensures high availability and powerful performance at less than one-tenth the cost of comparable services. Available immediately, Expedient Edge starts at $2,000 per site per month.

Hewlett Packard Enterprise (NYSE: HPE) will host a live audio webcast to discuss its first-quarter fiscal 2023 financial results on March 2, 2023, at 5:00 p.m. CT (6:00 p.m. ET). The financial period ended on January 31, 2023. Investors can access the webcast at www.hpe.com/investor/2023Q1Webcast. A replay will be available shortly after the call and accessible for one year. HPE emphasizes its commitment to providing innovative technology solutions that drive operational performance across various sectors.

Hewlett Packard Enterprise (NYSE: HPE) announced its collaboration with Unimed Grande Florianópolis, Brazil's largest medical cooperative, to enhance healthcare services through the HPE GreenLake edge-to-cloud platform. The platform enables a scalable private cloud, improving patient access and operational efficiency. Unimed Floripa serves over 220,000 individuals across 20 hospitals and 1,700 doctors, addressing pandemic-induced pressures by digitizing patient records and streamlining data sharing. Features include 24/7 telemedicine kiosks and a patient app for remote healthcare management.