Hewlett Packard Enterprise reported Q2 2024 revenue of $7.2 billion, up 3.3% year-over-year, driven by higher server average unit prices. However, net earnings declined 24.9% to $314 million, with earnings per share falling from $0.32 to $0.24.Gross profit margin decreased 3 percentage points to 33.0% due to a higher mix of lower-margin products. The Server segment saw 17.6% revenue growth, while Intelligent Edge revenue fell 19.2%. HPE noted uneven demand softening across its portfolio as customers take longer to work through prior orders.The company maintained its quarterly dividend of $0.13 per share. HPE highlighted market trends toward AI, hybrid cloud, and edge computing. It also provided updates on its pending $14 billion acquisition of Juniper Networks and plans to sell its stake in H3C. Looking ahead, HPE expects the mixed macroeconomic environment to continue limiting revenue growth in the near term.

Hewlett Packard Enterprise reported Q2 2024 revenue of $7.2 billion, up 3.3% year-over-year, driven by higher server average unit prices. However, net earnings declined 24.9% to $314 million, with earnings per share falling from $0.32 to $0.24.Gross profit margin decreased 3 percentage points to 33.0% due to a higher mix of lower-margin products. The Server segment saw 17.6% revenue growth, while Intelligent Edge revenue fell 19.2%. HPE noted uneven demand softening across its portfolio as customers take longer to work through prior orders.The company maintained its quarterly dividend of $0.13 per share. HPE highlighted market trends toward AI, hybrid cloud, and edge computing. It also provided updates on its pending $14 billion acquisition of Juniper Networks and plans to sell its stake in H3C. Looking ahead, HPE expects the mixed macroeconomic environment to continue limiting revenue growth in the near term.