Hewlett Packard Enterprise

Hewlett Packard Enterprise is a global edge-to-cloud company that provides a comprehensive portfolio of technology and services. It was formed on November 1, 2015, as part of the split of the original Hewlett-Packard into two separate publicly traded entities, with the other being HP Inc.. The company focuses on helping organizations accelerate outcomes by unlocking value from all their data, across the cloud and at the edge.

History

The company's lineage traces directly to the iconic Silicon Valley startup founded in a Palo Alto garage in 1939 by Bill Hewlett and David Packard. For decades, Hewlett-Packard grew into a diversified technology giant. In October 2014, Meg Whitman, then CEO of Hewlett-Packard, announced a plan to separate the company's enterprise-facing and PC/printer businesses. This corporate split was completed on November 1, 2015, creating Hewlett Packard Enterprise and HP Inc.. Under the leadership of Antonio Neri, who became CEO in 2018, HPE has pursued a strategic shift towards an as-a-service model, notably through its HPE GreenLake platform. Significant acquisitions have shaped its evolution, including the purchase of Aruba Networks in 2015, Nimble Storage in 2017, Cray in 2019, and the communications technology assets of Silver Peak in 2020.

Products and services

Hewlett Packard Enterprise offers a broad portfolio of integrated products, solutions, and services. Its core infrastructure offerings include HPE ProLiant and HPE Apollo servers, HPE Synergy composable infrastructure, and high-performance computing systems from Cray. Data storage solutions span the HPE Nimble Storage, HPE 3PAR, and HPE Alletra portfolios. Networking products are led by the Aruba Networks portfolio of wireless, switching, and SD-WAN solutions. The flagship HPE GreenLake platform delivers its entire portfolio and third-party services via a unified cloud experience, operating on a pay-per-use model. The company also provides extensive consulting, financial, and operational services through HPE Pointnext.

Business segments

Hewlett Packard Enterprise organizes its operations into several distinct reporting segments. The **Compute** segment includes industry-standard servers for multi-cloud and edge environments. The **High Performance Computing & Artificial Intelligence (HPC & AI)** segment offers supercomputing systems, like those from Cray, and related software and services for complex computational workloads. The **Storage** segment provides a full range of data storage platforms and software-defined storage solutions. The **Intelligent Edge** segment, largely comprising the Aruba Networks business, offers networking solutions for campus, branch, IoT, and data center environments. The **Financial Services** segment, operated by HPE Financial Services, provides leasing, financing, and asset management services to customers and partners.

Corporate affairs

Hewlett Packard Enterprise is headquartered in Spring, Texas, within the Houston metropolitan area, having relocated its official headquarters from Palo Alto in 2022. The company is a constituent of the S&P 500 and is listed on the New York Stock Exchange under the ticker symbol "HPE". Antonio Neri serves as President and CEO, and the board is chaired by Pat Russo. HPE maintains a significant global presence with operations and customers in over 170 countries. The company is actively involved in several industry consortia and standards bodies, and it emphasizes initiatives in sustainability, including energy-efficient product design and circular economy principles through its technology renewal program.

Financial performance

For its fiscal year ending October 31, 2023, Hewlett Packard Enterprise reported annual revenue of US$29.1 billion, representing growth over the prior year. The company's strategic focus on its as-a-service offerings, particularly the HPE GreenLake platform, has been a key driver of its financial narrative, with annualized revenue run-rate for this platform showing consistent double-digit growth. Its profitability metrics, including operating margin and non-GAAP earnings per share, are closely watched by Wall Street analysts. The company provides regular financial guidance and reports quarterly results, with its performance influenced by enterprise IT spending trends, competitive dynamics with rivals like Dell Technologies and Cisco Systems, and execution of its strategic transition.