Feb 28, 09:55 PM

HP and HPE CEOs Optimistic on Market Growth, Q1 Earnings Show Mixed Performance with EPS of $0.81, Sales of $13.19B

HP CEO Enrique Lores expresses optimism about the PC market growth in 2024, expecting a stronger second half of the year. HP shows signs of stabilization with a slowdown in revenue decline and PC market share gain. HP's Q1 earnings report includes EPS of $0.81 (meeting estimates) and sales of $13.19B (below estimates). Despite lagging PC numbers, there is optimism with AI PC and strong client numbers from ARM, INTC, and AMD. HPE reports mixed Q1 performance, with challenges in YoY compares, slowing network demand, limited GPU supply, and delayed HPC acceptance testing. AI server backlog stands at about $3 billion, and HPEGreenLake ARR is up 40% YoY to $1.4B.

#HP #Enrique Lores #ARM #INTC #AMD

Written with ChatGPT (GPT-3).

Sources

Matt Eastwood@matteastwood
2 years ago
Listening to @HPE's Q1 earnings. This is the first earnings call for incoming CFO Marie Myers (formerly of @HP) https://t.co/5y182B5rIe
CRN@CRN
2 years ago
HP is in an interesting space as it works out how to improve its business in a very competitive PC and print market. @ChannelWritrGuy breaks down five key takeaways on where the company is headed based on CEO @EnriqueJLores’ pitch to investors this week: https://t.co/339pUdS3Cr
Matt Eastwood@matteastwood
2 years ago
Next up @HPE Earnings. Mixed Q1 Performance: - Difficult YoY compares, - Slowing campus network demand - Limited GPU supply - Impact of delayed HPC acceptance testing. AI server backlog now at about $3 billion. @HPEGreenLake ARR up 40% YoY to $1.4 B. https://t.co/DyRH4YX0FD

HP and HPE CEOs Optimistic on Market Growth, Q1 Earnings Show Mixed Performance with EPS of $0.81, Sales of $13.19B

Sources

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