Hewlett Packard Enterprise's first quarter results are mixed, with network sales surging over 151%

Golden Ten Data, March 10｜Server and cloud software company Hewlett Packard Enterprise announced that for the fiscal quarter ended January, revenue increased by 18% year-on-year to $9.3 billion, slightly below analysts' expectations of $9.35 billion; net profit was $423 million, and adjusted earnings per share were $0.65, higher than analysts' expectations of $0.59. During the period, network sales surged by more than 151% to $2.706 billion. Cloud and artificial intelligence revenue fell by 2.7% to $6.334 billion, mainly due to a decline in server sales. Looking ahead to fiscal year 2026, the company reaffirmed its full-year overall revenue growth forecast of 17% to 22%, and raised its network revenue growth forecast to 68% to 73%; adjusted earnings per share are expected to be between $2.3 and $2.5, an increase of $0.05 from the previous guidance, while analysts expect $2.35.