HPE Has ‘Tough’ Quarter With 16% Sales Drop

Hewlett Packard Enterprise shares dipped in soon after-hours investing Thursday soon after the computing large documented a sixteen% drop in quarterly earnings, reflecting supply chain disruptions prompted by the coronavirus pandemic.

HPE’s earnings for the 2nd quarter declined to $six billion from $seven.one billion in the yr-back period. Analysts experienced predicted sales of $six.33 billion.

The company also posted a internet reduction of $821 million, or 64 cents a share. Just after adjustments for 1-goods, it earned 22 cents a share, lacking estimates of 30 cents a share.

“This was a rough quarter by each individual measure and I’m of

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HPE Revenue Plunges on COVID-19 Supply Chain Disruptions

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“This was a rough quarter by every single evaluate, and I’m of program disappointed in the final results.”

Hewlett Packard Enterprise (HPE) claimed this week that the pandemic has blown a gap in its earnings, as shipping backlogs damage revenues. The business mentioned it is slicing salaries as aspect of a “cost optimization and prioritization plan.”

HPE disclosed a really serious hit to its earnings this week, with internet profits down by 15 percent to $6 billion. The pandemic has induced a significant backlog in HPC, storage and compute deliveries to the tune of $1.5 billion.


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HPE, Dell Point the Finger at Western Digital

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Not patched by Oct 2020? Your drives could get bricked…

Various Solid-Point out Drives (SSDs) made by SanDisk experience from a flaw that can see them wiping out every thing saved on them at 40,000 hours (four a long time) — with HPE currently becoming a member of Dell in naming SanDisk proprietor Western Digital as responsible for the bug, which has seen system directors scramble to obtain and fix impacted servers.

Neglecting to get a firmware fix in “will final result in drive failure and information decline at 40,000 hours of procedure and involve restoration of

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