HPE CEO Antonio Neri On GreenLake’s Lowest Cost-Per-Workload Advantage And Why It Is ‘Better Than Public Cloud’

A Growing Hybrid Cloud Market Opportunity

The HPE hybrid cloud market opportunity is growing 1.8 times from about $150 billion to more than $250 billion by 2025 as GreenLake expands into new market segments.

Not only that, but hybrid cloud adoption is growing from 50 percent of customers preferring hybrid multi-cloud today to about 70 percent of customers within three years, according to a Bain and Company survey, said Neri.

Neri, in fact, was one of the first to predict the hybrid cloud opportunity with HPE, as far back as six years ago declaring the hybrid cloud mandate. “In 2016 we declared the world would be hybrid,” he said. “Thank about it—more than six years ago!”

Furthermore, HPE committed in 2019 to shift its entire portfolio to an as-a-service model by 2022. HPE, in fact, this year followed through on that pledge, completing the as-a-service transition with its entire portfolio.

“We have shifted both our product and services mix as well as how we deliver that mix to our customers,” said Neri. “I am personally incredibly proud that we have taken decisive and important actions to transform HPE. Our evolution to a platform-based model fueled by a software- and services-rich portfolio is already delivering strong results that translate into value for our shareholders.”

HPE’s total orders—including as-a-service bookings—are the highest ever this year, said Neri, “demonstrating enduring demand for our differentiated edge-to-cloud platform.”

HPE is on track to deliver its largest annualized revenue run rate ever with the highest earnings per share based on continuing operations since HPE became an independent company in 2015.