HPE raises long-term targets after third-quarter profit jumps more than fivefold

  • HPE raised its long-term growth targets after third-quarter profit increased more than fivefold.
  • More than fivefold profit growth followed revenue gains across both HPE segments.
  • Marie Myers said artificial-intelligence adoption continues supporting demand for servers and networking solutions.

HPE lifted its long-term growth targets after revenue gains across both segments drove a more than fivefold increase in third-quarter profit. The company continues to benefit from broad-based artificial-intelligence adoption, as infrastructure investment and modernization support demand for its servers and networking solutions, Chief Financial Officer Marie Myers said.

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HPE raises long-term targets after third-quarter profit jumps more than fivefold - CoinPost Terminal