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Hewlett Packard Enterprise (HPE) is a global technology leader that develops intelligent solutions enabling customers to seamlessly capture, analyze, and act upon data from edge to cloud . The company offers a range of products and services across various segments, including general-purpose and workload-optimized servers, high-performance computing systems, data storage solutions, networking products, and financial services . HPE's Compute and Intelligent Edge segments are among the top contributors to its consolidated net revenue .
- Compute - Offers general-purpose servers and workload-optimized servers, which are significant revenue sources for HPE .
- Intelligent Edge - Focuses on networking products and services, contributing significantly to HPE's revenue .
- High Performance Computing & Artificial Intelligence (HPC & AI) - Provides integrated systems for high-performance computing and AI workloads, including products like HPE Cray EX and HPE NonStop .
- Storage - Delivers data storage and management solutions .
- Financial Services - Provides leasing and financing solutions to support HPE's product sales .
- Corporate Investments and Other - Encompasses various corporate investments and other business activities .
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
Antonio F. Neri ExecutiveBoard | President and CEO | Director at Elevance Health, Inc. | Antonio Neri has been with HPE since 1996 and became CEO in February 2018. He has led HPE's transformation into a leader in edge-to-cloud platforms and consumption-based IT models. | February 2018 |
Fidelma Russo Executive | EVP, CTO, and GM of Hybrid Cloud | Board Member at Equinix, Inc. | Fidelma Russo joined HPE in September 2021 as CTO and became GM of Hybrid Cloud in November 2023. She has extensive experience in cloud services, AI, and advanced technology development. | November 2023 |
Gerri A. Gold Executive | EVP, President, and CEO of HPE Financial Services | None | Gerri Gold has been with HPE and its predecessors for years. She became CEO of HPE Financial Services in February 2023, leading global financing and asset management operations. | February 2023 |
John F. Schultz Executive | EVP, Chief Operating and Legal Officer | None | John Schultz joined HP in 2008 and has held various legal and operational roles. He became Chief Operating and Legal Officer in July 2020, overseeing HPE's operations and legal strategies. | July 2020 |
Kristin Major Executive | EVP and Chief People Officer | None | Kristin Major joined HPE in 2011 and became Chief People Officer in February 2024. She has led HR for key divisions and focuses on fostering a high-performance culture and inclusive leadership. | February 2024 |
Marie Myers Executive | EVP and CFO | None | Marie Myers joined HPE as CFO in January 2024. She previously served as CFO at HP Inc. and has driven strong financial performance at HPE, including record revenue in fiscal 2024. | January 2024 |
Neil B. MacDonald Executive | EVP and GM of Server Business and HPC & AI | None | Neil MacDonald has been with HPE since 1996. He became EVP and GM of the Server Business in February 2024 and also leads the HPC & AI segment, driving HPE's AI strategy and GreenLake integration. | February 2024 |
Ann M. Livermore Board | Director | Director at QUALCOMM Incorporated and Samsara Inc. | Ann Livermore has been a director at HPE since 2015. She previously served as EVP of HP's Enterprise Business and has extensive experience in technology, marketing, and business management. | 2015 |
Bethany J. Mayer Board | Director | Chair of the Board at Box Inc.; Board Member at LAM Research Corporation, Sempra Energy, and Astera Labs, Inc. | Bethany Mayer joined the HPE Board in 2023. She is a technology leader with experience as CEO of Ixia and SVP at HP, focusing on networking and cybersecurity. | June 2023 |
Charles H. Noski Board | Director | Board Member at Booking Holdings Inc. | Charles Noski has been a director at HPE since 2020. He brings expertise in finance, accounting, and governance from his leadership roles at Bank of America, Northrop Grumman, and AT&T. | 2020 |
Frank A. D’Amelio Board | Director | Director at Humana Inc., Zoetis, Inc., and Catalent, Inc. | Frank D’Amelio joined the HPE Board in 2023. He brings extensive financial and operational expertise from his previous roles as CFO at Pfizer and other major corporations. | 2023 |
Gary M. Reiner Board | Director | Operating Partner at General Atlantic LLC; Director at Citigroup, Inc. | Gary Reiner has been a director at HPE since 2015. He brings expertise in corporate strategy, IT, and governance from his roles at GE and General Atlantic. | 2015 |
Jean M. Hobby Board | Director | Director at Integer Holdings Corporation and Texas Instruments Incorporated | Jean Hobby has been a director at HPE since 2019. She brings deep expertise in finance and strategic planning from her career at PwC, where she served as CFO and Global Strategy Partner. | 2019 |
Pamela L. Carter Board | Director | Director at Enbridge Inc. and Broadridge Financial Solutions, Inc. | Pamela Carter has been a director at HPE since 2015. She brings expertise in global trade, corporate transformations, and legal/regulatory matters, having served as Indiana's first African American female attorney general. | 2015 |
Raymond E. Ozzie Board | Director | CEO of Blues Wireless Inc. | Raymond Ozzie has been a director at HPE since 2015. He is a technology pioneer, known for his work as the creator of Lotus Notes and his leadership roles at Microsoft and Blues Wireless. | 2015 |
Raymond J. Lane Board | Director | Managing Partner at GreatPoint Ventures; Director at Beyond Meat, Inc.; Board Member at Special Olympics International | Raymond Lane has been a director at HPE since 2015. He is a seasoned executive with expertise in corporate strategy, venture capital, and technology innovation. | 2015 |
Regina E. Dugan Board | Director | President and CEO of Wellcome Leap Inc.; Board Member at Siemens AG | Regina Dugan joined the HPE Board in 2022. She is a former DARPA director and a leader in advanced technology development, currently heading Wellcome Leap and serving on Siemens' board. | September 2022 |
- You mentioned debooking a large $700 million AI systems order due to concerns with a specific customer; can you provide more details on what led to this decision and how it might affect future AI systems orders?
- Given that AI systems orders can be "lumpy" and net orders were approximately $500 million after the debooking, how confident are you in the sustainability of AI systems revenue growth, and what measures are you taking to manage the volatility in this segment?
- With the AI systems business contributing to lower gross margins due to competitive pressures, what strategies do you have to improve profitability in this area, and are there specific gross margin thresholds you aim to maintain when pursuing AI deals?
- As you transition to next-generation GPUs like Blackwell, what challenges do you foresee in maintaining your AI systems revenue momentum, and how might this transition impact your operating margins in the upcoming quarters?
- The Intelligent Edge business experienced a 20% year-over-year revenue decline and continued prolonged sales cycles; what specific actions are you taking to address these challenges, and when do you anticipate a return to growth in this segment?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Primary competitors in the Hybrid Cloud segment, which includes private cloud services solutions like HPE's GreenLake and Storage solutions, and associated private cloud software offerings. | |
Competes in both the Hybrid Cloud segment and the Intelligent Edge segment, which involves networking and connectivity infrastructure. | |
Competes in the Hybrid Cloud segment and the Server business, which involves enterprise data center infrastructure and high performance supercomputing. | |
Competes in the Hybrid Cloud segment and also through its captive financing company, IBM Global Financing, in the Financial Services segment. | |
Competes in the Hybrid Cloud segment. | |
Competes in the Hybrid Cloud segment. | |
Competes in the Hybrid Cloud segment. | |
Amazon Web Services | Competes as a public cloud vendor in the Hybrid Cloud segment. |
Competes as a public cloud vendor in the Hybrid Cloud segment. | |
Competes as a public cloud vendor in the Hybrid Cloud segment. | |
Competes in the Intelligent Edge segment, which involves networking and connectivity infrastructure. | |
Competes in the Intelligent Edge segment, which involves networking and connectivity infrastructure. | |
Competes in the Intelligent Edge segment, which involves networking and connectivity infrastructure. | |
Competes in the Intelligent Edge segment, which involves networking and connectivity infrastructure. | |
Competes in the Intelligent Edge segment, which involves networking and connectivity infrastructure. | |
Ruckus Networks | Competes in the Intelligent Edge segment, which involves networking and connectivity infrastructure. |
Competes in the Intelligent Edge segment, which involves networking and connectivity infrastructure. | |
Nile | Competes as a networking-as-a-service vendor in the Intelligent Edge segment. |
Meter | Competes as a networking-as-a-service vendor in the Intelligent Edge segment. |
Competes in the Server business, which involves enterprise data center infrastructure and high performance supercomputing. | |
Lenovo Group Ltd. | Competes in the Server business, which involves enterprise data center infrastructure and high performance supercomputing. |
Fujitsu Network Communications, Inc. | Competes in high performance infrastructure, which involves solutions for super-compute and AI workloads. |
Atos Information Technology Incorporated | Competes in high performance infrastructure, which involves solutions for super-compute and AI workloads. |
Competes in the Financial Services segment as a captive financing company. | |
Dell Financial Services | Competes in the Financial Services segment as a captive financing company. |
Cisco Capital | Competes in the Financial Services segment as a captive financing company. |
ERI | Competes in the IT Asset Disposition (ITAD) segment. |
Ingram Micro | Competes in the IT Asset Disposition (ITAD) segment. |
Sage Sustainable Electronics | Competes in the IT Asset Disposition (ITAD) segment. |
Sims Recycling Solutions | Competes in the IT Asset Disposition (ITAD) segment. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Distributor 1 (FY 2024) | Major distribution partner | Intelligent Edge and Server | Represented 14% of HPE’s total net revenue in fiscal 2024 |
Distributor 2 (FY 2024) | Major distribution partner | Intelligent Edge and Server | Represented 11% of HPE’s total net revenue in fiscal 2024 |
Distributor (FY 2023) | Major distribution partner | Intelligent Edge and Server | Represented 11% of HPE’s total net revenue in fiscal 2023 |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Juniper Networks, Inc. | 2025 | HPE’s proposed acquisition of Juniper Networks, Inc. is designed to enhance its edge-to-cloud strategy by expanding its portfolio with a full networking IP stack and AI-driven capabilities; however, it faces regulatory challenges including a DOJ lawsuit and pending clearance in the U.S. and Israel despite approvals in 14 jurisdictions. |
Athonet | 2023 | HPE acquired Athonet to strengthen its private networking capabilities, particularly in private 5G, by integrating its technology into the HPE GreenLake platform for a seamless WiFi and private 5G as-a-service offering; this move was part of a broader transaction valued at approximately $490 million. |
OpsRamp, Inc. | 2023 | HPE completed the acquisition of OpsRamp, Inc. on May 2, 2023, for about $307 million in cash, integrating its IT operations management solutions into the GreenLake edge-to-cloud platform to enhance hybrid and multi-cloud monitoring and automation; associated goodwill and intangible assets are being amortized over five years. |
Axis Security | 2023 | HPE’s acquisition of Axis Security, completed on March 15, 2023 for approximately $412 million, aimed at expanding its edge-to-cloud security by incorporating the SSE platform into its SASE solution, thereby bolstering its Intelligent Edge segment and supporting its shift toward higher-margin, software-intensive recurring revenue. |
Recent developments and announcements about HPE.
Earnings
New Earnings (Q1 2025)
·5 days agoView full earnings summary →AI systems orders doubled quarter-over-quarter to $8.3B, fueling HPE’s top-line. Yet server margins face pricing challenges, pressuring FCF to ~$1B. Management targets normalized EPS and a 10% server margin by Q4 FY25.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMRegulation FD DisclosureExit CostsView full 8-K filing →HPE reported Q1 fiscal 2025 results with revenue of $7.9B, up 16% YoY, and GAAP diluted EPS of $0.44—up 52% YoY. Server revenue reached $4.3B, growing 29% YoY. A $0.13 dividend per share was declared.