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HPE's CFO Discusses Impact of Cloud Trends and Lower Memory Prices

Eric Jhonsa

HPE reported April quarter (fiscal second quarter) revenue of $7.15 billion (down 4% annually) and non-GAAP EPS of $0.42 (up 31%). HPE's shares closed up .49% on Friday to $14.39. Robbiati asserted that the migration of enterprise workloads, which often rely heavily on internally-designed servers and storage rather than hardware developed by traditional IT giants, to public clouds, hasn't accelerated relative to prior rates.