Hewlett Packard Enterprise beats quarterly revenue estimates
Hewlett Packard Enterprise beat Wall Street revenue estimates for the second quarter on Tuesday and said it recorded an impairment charge of $1.36 billion in the quarter.
Shares of the server-maker were up 4 per cent in extended trading.
HPE has benefited from a surge in spending on advanced data center architecture, designed to support the complex processing needs of generative AI.
The boom in GenAI has bumped up demand for HPE's AI-optimized servers, which are powered by Nvidia processors and can run complex applications.
For the reported quarter, HPE posted revenue of $7.63 billion, ahead of analysts' average estimate of $7.45 billion, according to data compiled by LSEG.
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