Hewlett Packard beats Q2 revenue estimates on AI demand; records $1.36 billion charge
Hewlett Packard Enterprise
beat Wall Street revenue estimates for the second quarter on Tuesday, driven by demand for its artificial-intelligence servers and hybrid cloud segment.
Shares of the server-maker, which also recorded an impairment charge of $1.36 billion in the reported quarter, were up 3.2% 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.
"In a very dynamic macro environment, we executed our strategy with discipline," CEO Antonio Neri said.
HPE was focusing on achieving efficiencies and streamlining operations across its businesses, said CFO Marie Myers.
For the quarter ended April 30, HPE posted revenue of $7.63 billion, ahead of analysts' average estimate of $7.45 billion, according to data compiled by LSEG.
Adjusted profit per share came in at 38 cents, beating an estimate of 32 cents per share.
It forecast third-quarter revenue between $8.2 billion and $8.5 billion, compared to an estimate of $8.17 billion.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
6 hours ago
- NDTV
OpenAI Academy & NxtWave (NIAT) Launch India's Largest GenAI Innovation Challenge for Students
New Delhi, Delhi, India - Business Wire India OpenAI Academy and NxtWave (NIAT) have come together to launch the OpenAI Academy X NxtWave Buildathon, the largest GenAI innovation challenge aimed at empowering students from Tier 1, 2, and 3 STEM colleges across India. This landmark initiative invites the country's brightest student innovators to develop AI-powered solutions addressing pressing issues across key sectors, including healthcare, education, BFSI, retail, sustainability, and agriculture, and more under the themes "AI for Everyday India, AI for Bharat's Businesses, and AI for Societal Good." A Hybrid Challenge Driving Real-World AI Innovation The Buildathon will be conducted in a hybrid format, combining online workshops and activities with regional offline finals, culminating in a grand finale where the best teams pitch live to expert judges from OpenAI India. The participants will first complete a 6-hour online workshop focused on GenAI fundamentals, intro to building agents, OpenAI API usage training, and responsible AI development best practices. This foundational sprint ensures all participants are well-prepared to develop innovative and impactful AI solutions using OpenAI's cutting-edge technologies. The Buildathon unfolds over three competitive stages: Stage 1: Screening Round - Post-workshop, teams submit problem statements, project ideas, and execution plans online. A panel of mentors reviews submissions to shortlist the most promising entries. Stage 2: Regional Finals - Shortlisted teams participate in an intensive 48-hour offline Buildathon held across 25-30 STEM colleges, with hands-on mentor support. Regional winners are announced following this stage. Stage 3: Grand Finale - The top 10-15 teams from regional finals compete in the Grand Finale, pitching their solutions live to expert judges. Build with the Best Tools in AI Participants will have access to the latest in AI innovation, including GPT-4.1, GPT-4o, GPT-4o Audio, and GPT-4o Realtime models, supporting multimodal inputs like text, image, and audio. Additionally, tools like LangChain, vector databases (Pinecone, Weaviate), MCPs, and the OpenAI Agents SDK. These tools will empower students to build high-impact, multimodal, action-oriented GenAI applications. Hands-on mentorship and structured support will guide participants throughout the process. Widespread Reach, Diverse Participation The Buildathon aims to empower 25,000+ students across seven states - Telangana, Karnataka, Maharashtra, Andhra Pradesh, Tamil Nadu, Rajasthan, and Delhi NCR. The Grand Finale will be hosted in Hyderabad or Delhi. With coverage across all major zones of India, the event ensures nationwide representation and diversity. Evaluation Criteria Across All Stages The participants will be evaluated in three stages. In the Screening Round, mentors will assess submissions based on problem relevance, idea feasibility, and the proposed use of OpenAI APIs. During the Regional Finals, on-ground judges will evaluate the prototypes for innovation, depth of OpenAI API integration, societal impact, and business viability. Finally, in the Grand Finale, an expert panel will judge the top teams using the same criteria, with greater weightage given to execution quality and the effectiveness of live pitching. Exciting Rewards & Career-Boosting Opportunities Participants in the Buildathon will gain access to a wide range of exclusive benefits designed to boost their skills, visibility, and career prospects. All selected teams will receive hands-on training along with mentorship from leading AI experts across the country. Top-performing teams will earn certificates, GPT+ credits for prototyping, and national-level recognition. They'll also gain a rare opportunity to pitch directly to the OpenAI Academy's India team during the Grand Finale. Winners will receive prize money worth Rs 10,00,000 in total along with Career opportunities in the OpenAI ecosystem. A National Movement for GenAI Talent Driven by NxtWave (NIAT), the Buildathon aligns with India's mission to skill its youth in future technologies. With OpenAI Academy bringing in expert guidance, branding, and cutting-edge tools, this initiative is poised to become a defining moment in India's AI journey along with offering students across the country a real chance to build and shine on a national stage. This landmark initiative aims to position OpenAI Academy at the forefront of India's AI talent development, activating over 25,000 students across 500+ campuses and generating more than 2,000 AI projects tackling real-world challenges. Through collaborative efforts, OpenAI Academy and NxtWave seek to foster a vibrant community of AI builders ready to drive innovation and impact across India. By enabling thousands of OpenAI-powered projects, the OpenAI Academy x NxtWave Buildathon sets the stage for a new wave of AI builders ready to innovate for India and beyond. NIAT website -
Mint
9 hours ago
- Mint
OpenAI Academy & NxtWave (NIAT) Launch India's Largest GenAI Innovation Challenge for Students
New Delhi, Delhi, India – Business Wire India OpenAI Academy and NxtWave (NIAT) have come together to launch the OpenAI Academy X NxtWave Buildathon, the largest GenAI innovation challenge aimed at empowering students from Tier 1, 2, and 3 STEM colleges across India. This landmark initiative invites the country's brightest student innovators to develop AI-powered solutions addressing pressing issues across key sectors, including healthcare, education, BFSI, retail, sustainability, and agriculture, and more under the themes 'AI for Everyday India, AI for Bharat's Businesses, and AI for Societal Good.' A Hybrid Challenge Driving Real-World AI Innovation The Buildathon will be conducted in a hybrid format, combining online workshops and activities with regional offline finals, culminating in a grand finale where the best teams pitch live to expert judges from OpenAI India. The participants will first complete a 6-hour online workshop focused on GenAI fundamentals, intro to building agents, OpenAI API usage training, and responsible AI development best practices. This foundational sprint ensures all participants are well-prepared to develop innovative and impactful AI solutions using OpenAI's cutting-edge technologies. The Buildathon unfolds over three competitive stages: Stage 1: Screening Round — Post-workshop, teams submit problem statements, project ideas, and execution plans online. A panel of mentors reviews submissions to shortlist the most promising entries. Stage 2: Regional Finals — Shortlisted teams participate in an intensive 48-hour offline Buildathon held across 25–30 STEM colleges, with hands-on mentor support. Regional winners are announced following this stage. Stage 3: Grand Finale — The top 10–15 teams from regional finals compete in the Grand Finale, pitching their solutions live to expert judges. Build with the Best Tools in AI Participants will have access to the latest in AI innovation, including GPT-4.1, GPT-4o, GPT-4o Audio, and GPT-4o Realtime models, supporting multimodal inputs like text, image, and audio. Additionally, tools like LangChain, vector databases (Pinecone, Weaviate), MCPs, and the OpenAI Agents SDK. These tools will empower students to build high-impact, multimodal, action-oriented GenAI applications. Hands-on mentorship and structured support will guide participants throughout the process. Widespread Reach, Diverse Participation The Buildathon aims to empower 25,000+ students across seven states — Telangana, Karnataka, Maharashtra, Andhra Pradesh, Tamil Nadu, Rajasthan, and Delhi NCR. The Grand Finale will be hosted in Hyderabad or Delhi. With coverage across all major zones of India, the event ensures nationwide representation and diversity. Evaluation Criteria Across All Stages The participants will be evaluated in three stages. In the Screening Round, mentors will assess submissions based on problem relevance, idea feasibility, and the proposed use of OpenAI APIs. During the Regional Finals, on-ground judges will evaluate the prototypes for innovation, depth of OpenAI API integration, societal impact, and business viability. Finally, in the Grand Finale, an expert panel will judge the top teams using the same criteria, with greater weightage given to execution quality and the effectiveness of live pitching. Exciting Rewards & Career-Boosting Opportunities Participants in the Buildathon will gain access to a wide range of exclusive benefits designed to boost their skills, visibility, and career prospects. All selected teams will receive hands-on training along with mentorship from leading AI experts across the country. Top-performing teams will earn certificates, GPT+ credits for prototyping, and national-level recognition. They'll also gain a rare opportunity to pitch directly to the OpenAI Academy's India team during the Grand Finale. Winners will receive prize money worth ₹ 10,00,000 in total along with Career opportunities in the OpenAI ecosystem. A National Movement for GenAI Talent Driven by NxtWave (NIAT), the Buildathon aligns with India's mission to skill its youth in future technologies. With OpenAI Academy bringing in expert guidance, branding, and cutting-edge tools, this initiative is poised to become a defining moment in India's AI journey along with offering students across the country a real chance to build and shine on a national stage. This landmark initiative aims to position OpenAI Academy at the forefront of India's AI talent development, activating over 25,000 students across 500+ campuses and generating more than 2,000 AI projects tackling real-world challenges. Through collaborative efforts, OpenAI Academy and NxtWave seek to foster a vibrant community of AI builders ready to drive innovation and impact across enabling thousands of OpenAI-powered projects, the OpenAI Academy x NxtWave Buildathon sets the stage for a new wave of AI builders ready to innovate for India and beyond. NIAT website - Note to the Reader: This article is part of Mint's promotional consumer connect initiative and is independently created by the brand. Mint assumes no editorial responsibility for the content.
Hindustan Times
9 hours ago
- Hindustan Times
AMD Radeon RX 9060 XT released globally: What you need to know before you buy?
The AMD Radeon RX 9060 XT is the latest release in the midrange GPU market. It is positioned as a direct competitor to NVIDIA's RTX 5060 Ti GPU and targets gamers looking for strong 1080p or 1440p gaming performance without spending too much. Here is a breakdown of what you need to know before considering this GPU for your next purchase. The AMD Radeon RX 9060 XT delivers solid 1080p and 1440p gaming performance. It matches the performance of the NVIDIA RTX 5060 Ti but at a much lower price. In benchmarks, it performs significantly better than the previous RX 7600 XT and matches the RTX 5060 Ti at 1440p. It is capable of running most modern titles at about 70 FPS at 1440p, which is commendable at this price point. The RX 9060 XT can also run modern titles up to 4K at playable frame rates, thanks to the FSR 4 upscaling technology released earlier this year. Ray tracing has substantially improved over the years in AMD's GPUs but still lags behind NVIDIA's DLSS 4 and frame generation technology for ray-traced workloads. It can deliver playable frame rates at 1440p with ray tracing enabled, but performance significantly drops at 4K with path tracing enabled. The RX 9060 XT features FSR 4, powered by second-generation AI accelerators, which boosts frame rates and image quality. The HYPR-RX suite includes Radeon Super Resolution and Fluid Motion Frames for even smoother gameplay. This GPU is ideal for anyone looking for high frame rates at 1080p and 1440p, along with extra VRAM for future titles. It suits gamers who want to save money without compromising on modern features like AI upscaling and ray tracing. AI hobbyists can also benefit from the card's robust AI acceleration capabilities. The Radeon RX 9060 XT was officially launched globally on June 5, 2025, with two models varying in VRAM. Official AIB partners like ASUS, MSI and Sapphire may release the GPU with pricing between ₹44,999 and ₹49,999 in India.
