Hewlett Packard Enterprise beats quarterly revenue estimates
June 3 (Reuters) - Hewlett Packard Enterprise (HPE.N), opens new tab 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% 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 (NVDA.O), opens new tab 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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