HPE declares Juniper deal a 'home run' as AI and networking fuel record quarter
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Networking orders surged, AI demand showed little sign of slowing, and HPE used the occasion to take a victory lap over its $14 billion Juniper bet
HPE just posted its biggest earnings beat since 2018, and CEO Antonio Neri wasted little time taking a victory lap for the company's $14 billion Juniper acquisition.
The infrastructure giant posted record quarterly revenue of $10.7 billion on Monday, up 40 percent year over year, while networking revenue surged to $2.7 billion and AI systems orders reached $1.8 billion. Investors liked what they saw, sending shares sharply higher after the results landed.
If there was a theme to Neri's remarks, it was that HPE's networking strategy has gone from an expensive gamble to an apparent success story. "The Juniper acquisition in my mind has been a home run," he said. “We believe the strategy is working.”
That is a notably different...
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