HPE Reports Sales in Line With Estimates as Supply Constraints Persist
- Company reduces high end of profit forecast on currency issues
- Hardware maker is moving toward more services, cloud offerings
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Hewlett Packard Enterprise Co.’s quarterly revenue rose 1%, propped up by strong demand for its newer subscription-based products, though the company continues to be hampered by supply-chain disruptions.
Sales increased to $6.95 billion and profit, excluding some items, was 48 cents a share, the Spring, Texas-based company said Tuesday in a statement. Both figures were in line with analysts average estimates, according to data compiled by Bloomberg.