HPE: Fiscal 4Q18 Financial Results

Hewlett Packard Enterprise Development LP announced financial results for its fiscal 2018 and the fourth quarter, ended October 31, 2018.

For the full-year, the company grew global revenue 7% at $30.9 billion

Storage revenue was up 6% Y/Y for the most recent quarter (up 4% when adjusted for currency), -2% Q/Q, as customers embraced HPE’s intelligent storage offerings embedded with AI-based predictive analytics InfoSight platform and the company improved it go-to-market execution.

It represents 15% of hybrid IT sales (hybrid IT business, includes compute, storage, data center networking and Pointnext services business) that had Y/Y growth in FY18 of 6%, and only 12%  of  total sales .

Antonio Neri, president and CEO in his first fiscal year, commented:
“Entry storage growth was also solid. Looking forward into FY19, we are pleased with our full portfolio across Nimble and 3PAR and we expect to gain share in the external storage market.
“We expect to gain share in external storage and that’s driven by a cohesive strategy with both Nimble and 3PAR enabled by a phenomenal platform called HPE InfoSight, which provides predictive analytics for storing and managing that data.
“The customer sees the value of predictive analytics, fix the problems before they happen and obviously now we keep adding features to both the InfoSight and the two platforms both Nimble and 3PAR with the availability of new flash storage and so forth. If you are the hyperconverged part of that on top of storage, well, actually we will be growing almost 20%, 19% and so the combination of different infrastructure for different use cases plus our IP is paying off.“

To read the earnings call transcript