24-02-2017 17:49 via telecoms.com

HPE had a nightmare Q1

HPE has reported its earnings for the first period of 2017, ending January 31, with revenues of $11.4 billion, a 10% year-on-year decrease.
Wall Street was looking for earnings of $12.07 billion in revenue, with HPE missing the market by roughly $600 million resulting in a 6% drop in share price. If you don’t like the sound of those numbers, brace yourself, it isn’t going to get any better.
In the Enterprise Group revenues stood at $6.3 billion, down 12% year-on-year. Server revenues
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