Hewlett Packard Enterprise Gives Upbeat 2019 Profit Forecast
HPE gave an earnings forecast for fiscal 2019 that beat some analysts’ estimates, signaling the vendor's drive into new areas will boost customer demand
• CEO Antonio Neri has sought to diversify HPE into faster-growing businesses
• Its networking and services arms have shown traction, but they remain too small to meaningfully impact the company’s overall performance
• In HPE’s main business of servers and storage, rival Dell has generated rapid sales growth this year, increasing pressure on Neri