Hpe Raises Fy 2022 Outlook After Q1 Revenue Doubled Year Over Year
The company’s Intelligent Edge segment was once again a star of this quarter’s revenue production, rising 11% from the prior-year period to contribute $901 million. High Performance Computing & Artificial Intelligence, meanwhile, grew a more modest 4% to drive $790 million in Q2 revenues. More: HPE buys Determined AI, aims to meld model training with its HPC portfolio Despite the relatively minor spikes in segment and overall revenues, earnings shot up to $513 million on decreasing expenses and interest costs, more than doubling the $223 posted for the same period in the previous year and producing earnings per share of $0....