Hewlett Packard Enterprise reported Q2 revenue of $7.0 billion, up 4% from the prior-year period and 9% in constant currency. GAAP margin amounted to 36.0%, an all-time record for the company.
“Building on a great start to the fiscal year, HPE grew revenue, increased the contribution of recurring revenue through the HPE GreenLake edge-to-cloud platform, and delivered exceptional profitability to generate a strong second quarter performance,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. “Our shift to a higher-margin portfolio mix led by the Intelligent Edge segment, and the strong demand for our AI offering, further strengthen the investment opportunity for our shareholders.”
Some highlights:
* Intelligent Edge revenue was $1.3 billion, up 50% from the prior-year period in actual dollars and 56% in constant currency, with 26.9% operating profit margin, compared to 12.6% in the prior-year period.
* High Performance Computing & Artificial Intelligence revenue was $840 million, up 18% from the prior-year period in actual dollars and 22% in constant currency.
* Compute revenue was $2.8 billion, down 8% from the prior-year period in actual dollars and 3% in constant currency.
* Storage revenue was $1.0 billion, down 3% from the prior-year period in actual dollars and up 2% in constant currency. HPE Alletra revenue grew triple digits from the prior-year period.
* Financial Services revenue was $858 million, up 4% from the prior-year period in actual dollars and up 7% in constant currency.
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