Hewlett Packard Enterprise reports fiscal 2024 fourth quarter results

Hewlett Packard Enterprise (HPE) announced its fiscal 2024 fourth-quarter results, reporting $8.5 billion in revenue, surpassing expectations of $8.3 billion. Server sales grew 32% year-over-year to $4.7 billion, driven by strong demand for AI applications. The hybrid cloud segment delivered $1.6 billion in revenue, exceeding the forecasted $1.3 billion. Earnings per share (EPS) reached $0.58, higher than the predicted $0.56. Free cash flow was $1.5 billion, significantly above the anticipated $944 million. These results highlight HPE’s robust performance and its continued focus on hybrid cloud, AI, and networking solutions