HPE Rises to Record on Strong Sales With Boost From AI Servers
- Revenue from systems for artificial intelligence jumped 16%
- Server market is ‘pretty competitive environment,’ CFO says
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Hewlett Packard Enterprise Co. reached a record high after reporting better-than-expected quarterly revenue and a jump in sales of servers to power artificial intelligence work.
Demand for high-powered computing to run AI workloads has led to a boom for hardware makers, including HPE, Dell Technologies Inc. and Super Micro Computer Inc. HPE reported that revenue from AI systems increased 16% to $1.5 billion in the period ended Oct. 31. Server unit sales jumped 32% to $4.71 billion.