HPE revenue boosted by digitisation drive
Summary
“We delivered a very impressive Q3 performance, marked by strong order growth, expanded margins and record free cashflow,” said Antonio Neri, president and CEO of HPE. “I am pleased to see how our differentiated portfolio is resonating with the market, and our edge-to-cloud strategy is driving improved momentum across our businesses.” Neri added: “The impacts of the pandemic continue to accelerate the shift we predicted years ago to an edge-centric, cloud-enabled and data-driven world. We expect those trends to continue.” According to the transcript of the earnings call, posted on the Seeking Alpha financial blogging site, Neri believes the company has benefited from demand for digital transformation. “To help our customers transform their businesses and be future-ready today, we have been focused on doubling down in key areas that are resonating strongly in the market. “As always, configurations that are richer play a big role in the AUP.” However, Robbiati acknowledged that due to the constrained supply environment, HPE needed to manage pricing of products across its Compute business.