Hewlett Packard Enterprise raised its annual profit forecast on Wednesday, as demand for artificial intelligence servers continues to pick up owing to higher investments in AI infrastructure by businesses.However, shares of HPE fell nearly 3 per cent in extended trading.
FILE PHOTO: Figurines with computers and smartphones are seen in front of Hewlett Packard Enterprise logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File PhotoHewlett Packard Enterprise raised its annual profit forecast on Wednesday, as demand for artificial intelligence servers continues to pick up owing to higher investments in AI infrastructure by businesses.
The company leaving its full-year revenue forecast unchanged has also weighed on shares, he added, as expectations for AI-linked companies remain high. HPE reported third-quarter server revenue of $4.3 billion, a rise of 35 per cent from the prior year. HPE raised its forecast for annual adjusted earnings per share to a range of $1.92 and $1.97, from $1.85 and $1.95.
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