The company is continuing to invest in these areas to increase recurring revenue and further expand margins. When combined, HPE’s largest growth businesses – Intelligent Edge, HPC & AI, and the company’s future Hybrid Cloud segment – are expected to exceed 50% of the company’s total segment revenue by fiscal year 2026. HPE is successfully shifting its portfolio to higher-growth, higher-margin businesses, increasing its long-term profitability potential. As we unlock greater growth from these markets, our investors are poised to share in higher returns.”
“HPE’s strategy is aligned to significant market trends around edge, hybrid cloud and AI – all of which create profitable market expansion opportunities that we expect will fuel our growth. “With a growing addressable market, a proven strategy, and a differentiated portfolio, HPE is in a strong competitive position,” said Antonio Neri, president and CEO. Neri detailed the company’s winning strategy and financial progress, which has established HPE as the leading edge-to-cloud company. Together with other members of the management team, they illustrated how the expansion of the software- and services-rich portions of HPE’s portfolio will continue to accelerate value for shareholders over the next three years. NEW YORK – October 19, 2023 – Hewlett Packard Enterprise (NYSE: HPE) today hosted its Securities Analyst Meeting (“SAM”) at the New York Stock Exchange, where Antonio Neri, HPE president and CEO, and Jeremy Cox, senior vice president and interim CFO, provided the financial outlook for fiscal year 2024.
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