HPE Announces Q4 FY2023 and Full Year Results

HPE Announces Q4 FY2023 and Full Year Results

Chris EvansData Practice: Data Storage, Enterprise, HPE, Individual Subscribers, Opinion, Processing Practice: CPU & System Architecture

HPE has announced Q4 FY2023 and full-year results with annual revenue up 2% and increased gross margins.  However, Compute (server) revenue is down 10% and Storage down 6% annually.  Intelligent Edge and HPC/AI continue to prop up the business with 42% and 23% growth, respectively.  Is HPE’s business pivoting away from its traditional core offerings?
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