Hewlett Packard Enterprise (HPE) reported a significant 29% rise in AI systems backlog, reaching $3.1 billion, alongside total server revenue of $4.29 billion. Intelligent Edge revenue dipped 5% year-over-year to $1.1 billion, while Hybrid Cloud revenue increased by 10% to $1.4 billion. Additionally, HPE's proposed $14 billion acquisition of Juniper Networks is under scrutiny from the U.S. Justice Department, with concerns over market competition. HPE expressed confidence that the merger will enhance competition and generate significant annual synergies for shareholders before fiscal 2025 ends. HPE is also navigating U.S. tariff negotiations with foreign countries.
AI systems backlog rose 29% quarter over quarter to $3.1 billion and total server revenue totaled $4.29 billion, Myers said.
The DOJ analysis of the market is fundamentally flawed. We strongly believe this transaction will positively change the dynamics in the networking market by enhancing competition.
We believe we have a compelling case and expect to be able to close the transaction before the end of fiscal 2025.
Like other industry players, HPE is trying to negotiate the tariffs that the U.S. has threatened to or implemented against China, Mexico, and other countries.
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