HPE hybrid IT revenue falls 11% triggering share slump
HPE missed analyst estimates in its fourth-quarter earnings report on Monday, largely driven by slowing demand for core products and wider economic uncertainty.
Shares slumped 4% in after-hours trading, prompted by a drop of 11% in the company's Hybrid IT division, by far HPE's largest unit comprising its servers, storage and data centre products. Revenue for the unit came in at $5.67 billion, just short of the $5.74 billion expected by analysts.
The company's Intelligence Edge unit, a field that HPE has aggressively targeted, also saw a revenue slump by 6.5%, falling from $773 million to $723 million year over year.
In September, HPE CEO Antonio Neri warned that turbulent economic factors, including trade tensions, were creating "uneven demand" and would rattle customer confidence for some time to come.
Commenting on this week's earnings, he said: "We had a very successful fiscal year, marked by strong and consistent performance. Through our disciplined execution, we improved profitability across the company and significantly exceeded our original non-GAAP earnings and cash flow outlook, while sharpening our focus, transforming our culture and delivering differentiated innovation to our customers as they accelerate their digital transformations.
"I am confident in our ability to drive sustainable, profitable growth as we continue to shift our portfolio to higher-value, software-defined solutions and execute our pivot to offering everything as a service by 2022," Neri continued. "Our strategy to deliver an edge-to-cloud platform-as-a-service is unmatched in the industry."
There were some positive signs for the company. Quarterly profit was slightly higher than analyst estimates, earning 49 cents per share compared to the 46 cents per share that was anticipated, as reported by Reuters.
HPE also gave a positive outlook for the year ahead, estimating a $1.01 to $1.17 per share in profits and $1.78 to $1.94 per share in adjusted profits.
The earnings report brings to an end a year marked by a series of strategic acquisitions that will likely serve to further diversify HPE's earnings in 2020. In May the company acquired supercomputing giant Cray, a deal that came as somewhat of a surprise but will certainly lead to more developments in its high-performance computing division.
HPE also acquired the intellectual property of big data analytics specialist MapR in August. This deal included a bunch of AI technology and expertise that HPE said would be put towards its Intelligent Data Platform.
source cloudpro
Industry: Data Center / Data Centre / Cloud Computing
Latest Jobs
-
- Senior Penetration Tester - UK - Ability to achieve security clearance.
- United Kingdom
- To attract the right person
-
Senior Penetration tester, who has the ability to achieve security clearance. (Visa sponsorships NOT available - sorry) UK based - remote first - occasional travel. Red teaming experience desirable. The successful person needs to have a history of engaging directly with customers (consultancy experience) technical delivery of penetration tests AND report writing. Limited travel - company operates a remote first approach. Must be living in the UK. Not one of the usual names in the pen testing industry. Looking for someone highly technical but looking to grow and develop their skills. Apply here or Reach out to me on chris.holt@dclsearch.com or 07884666351 All details kept discreet
-
- Cloud Architect- German Speaker
- Hungary
- Upto €48000 per year + bonus + benefits
-
As a Senior Pre-Sales Solutions Architect, you will play a pivotal role in driving our sales success by translating complex technical solutions into compelling proposals that resonate with our clients. You will collaborate closely with our sales teams to understand customer needs, design tailored solutions, and negotiate successful deals. Responsibilities: Solution Design: Develop comprehensive technical solutions that align with customer business objectives and industry best practices. Proposal Development: Create compelling proposals, including requirements gathering questionnaires, presentation materials, and Statements of Work (SOWs). Customer Engagement: Build strong relationships with clients, understanding their technical, business, and commercial requirements. Collaboration: Work closely with sales teams, delivery teams, and third-party partners to ensure successful project execution. Pricing Strategy: Define and deliver pricing strategies that align with customer needs and company objectives. Requirements: Experience in technical pre-sales or sales support roles. Proven track record in designing and delivering successful customer solutions. Strong technical foundation in areas such as VMware, Azure, AWS, cloud computing, and data center technologies. Excellent understanding of sales principles, account management, and negotiation techniques. Ability to explain complex technical concepts clearly and concisely. Experience working in international teams and supporting clients across multiple regions. Fluency in German and English is essential. Benefits: Competitive salary and benefits package Opportunity to work on challenging and rewarding projects Collaborative and supportive work environment Potential for career growth and advancement Please note that this role is focused on supporting German clients, but will also involve global client support as needed.
-
- Solution Architect - OUTSIDE IR35 - Contract- SC / DV - London
- London
- OUTSIDE IR35
-
Solution Architect For a London based Contract This is an Outside IR35 project. MUST have a minimum of an ACTIVE - SC clearance and be willing to be put through DV clearance. 6 month rolling Immediate Experience delivering technical Security Architecture design / assurance of security design. Cross domain experience desirable HLD / LLD London commutable Immediately interviewing.
-
- Microsoft Sentinel Architect
- Netherlands
- discussed on applications
-
Microsoft Sentinel Architect We're seeking a talented and experienced Microsoft Sentinel Architect to be responsible for the design, deploy of a new Sentinel solution into an expanding Services business. As a key member of our team, you'll play a vital role in driving security operations and protecting clients' assets. Responsibilities: Solution Design:Develop comprehensive Microsoft Sentinel architectures aligned with our clients' specific needs and industry best practices. Deployment and Configuration:Oversee the deployment and configuration of Sentinel components, including data connectors, analytics rules, and playbooks. Integration:Integrate Sentinel with other security tools and platforms within our MSSP ecosystem. Tuning and Optimization:Continuously monitor and optimize Sentinel performance to ensure maximum effectiveness and efficiency. Training and Mentoring:Mentor junior team members and provide training on Sentinel technologies and best practices. Required Skills and Experience: Proven experience as a Microsoft Sentinel Architect with a deep understanding of its capabilities and limitations. Strong technical skills in Azure, security operations, and data analytics. Experience designing and implementing complex security solutions, into a services environment Knowledge of threat intelligence, incident response, and compliance frameworks. Excellent communication and problem-solving skills.