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HPE CEO Antonio Neri On HPE Versus Cisco’s Edge Computing Strategies

HPE CEO Antonio Neri says the HPE edge computing strategy is ‘solution-driven’ versus Cisco's ‘product- driven’ edge strategy.

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A Strong Demand Environment For Enterprise IT Spending

With a growing need for businesses to manage the astronomical increases in data that is being created, Hewlett Packard Enterprise CEO Antonio Neri told CRN that he continues to see strong enterprise IT solutions demand.

"Data continues to explode around us," Neri told CRN after HPE reported better-than-expected earnings for its first fiscal quarter and raised its earnings per share outlook for the current fiscal year. "That is why I would say I am very confident that the demand will stay strong. Ultimately, it is not just about the political environment. It is about what is happening with us and the data we are creating."

HPE posted earnings of 42 cents per share for its first fiscal quarter ended Jan. 31, 7 cents per share above the Wall Street consensus of 35 cents per share.

HPE raised its earnings projections for the full year by 5 cents per share to a range of $1.56 to $1.66 per share.

Sales for the quarter were $7.6 billion, which was down 2 percent from the year-ago period of $7.67 billion, but up 1 percent excluding the commodity Tier 1 hyper-scale server business, which HPE exited at the end of 2017.

Neri predicted accelerating sales growth for the remainder of the fiscal year. "Our strategy is on point," he said. "The enterprise of the future will be edge-centric, cloud-enabled and data-driven. We are proud to be the company who can best help our customers connect all their data wherever it lives. Near term, we expect the demand environment to remain healthy and our differentiated software-defined solutions to continue to gain traction with customers driving accelerated revenue growth starting in Q2."

 
 
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