Hewlett Packard Enterprise Company (NYSE:HPE) shares are trading higher Wednesday after the company reported better-than-expected first-quarter results.
The Details: Hewlett Packard Enterprise reported quarterly earnings of 42 cents per share, which beat the analyst consensus estimate of 39 cents by 7.69%.
Quarterly sales clocked in at $7.2 billion which beat the analyst consensus estimate of $6.823 billion by 5.53% and represents growth of 3.26% over sales of $6.973 billion from the same period last year.
Antonio Neri, CEO of Hewlett Packard Enterprise, highlighted growth in AI systems orders which more than doubled from the previous quarter.
"Our deep expertise in designing, manufacturing, and running AI systems at scale fueled growth of cumulative AI systems orders to $4.6 billion, with enterprise AI orders representing more than 15%. HPE's AI advantage, increased HPE ...