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Hewlett Packard Enterprise Q3: Business Executing Flawlessly (NYSE:HPE) ...Middle East
JHVEPhoto/iStock Editorial via Getty Images Summary Readers may find my previous coverage via this link. My previous rating was a buy, as I believed Hewlett Packard Enterprise (NYSE:HPE) core compute and storage businesses would once again experience growth. I am reiterating my buy rating for HPE as the business continues to grow as expected, demonstrating flawless execution. Financials / Valuation HPE’s revenue for 3Q23 was $7 billion, with the Intelligent Edge being the best performer while Compute and storage saw declines. HPC & AI were flattish vs last year. One key takeaway is that quarterly orders improved across all business segments. Positively, operating margins increased to 1
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