2024-03-16 09:22:25 ET
Summary
- Hewlett Packard Enterprise faces challenges in FY24 as customers are slow to implementing server infrastructure purchased in FY23, impacting revenue growth.
- Bottlenecks resulting from high demand for Nvidia accelerators may not resolve until late 2024 as Taiwan Semiconductor brings new capacity online in the tail-end of 2024.
- HPE anticipates stronger margins from as-a-service offerings and forecasts significant ARR growth, but server revenue is expected to decline.
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Hewlett Packard Enterprise Company's Downward Trajectory Is Just Beginning