HPE revenue grows 3% due to strong server business

Hewlett Packard Enterprise (HPE) reported 3 percent increase in its revenue to $7.95 billion in its fourth quarter of fiscal 2018.
HPE revenue growth in recent quartersHPE has generated revenue of $814 million (+15 percent) from Intelligent Edge, $6.4 billion (+4 percent) from Hybrid IT and $939 million (–5 percent) from Financial Services during the fourth quarter.

HPE achieved 15 percent increase in Aruba Product revenue and 16 percent increase in HPE Aruba Services revenue.

HPE achieved 7 percent increase in compute revenue and 4 percent growth in storage business.

HPE’s DC Networking revenue fell 1 percent and HPE Pointnext revenue dropped 3 percent in Q4.

HPE generated 35 percent of its total revenue from America, 7 percent from Canada and Latin America, 36 percent from EMEA and 22 percent from Asia Pacific including India, China and Japan.

HPE, which competes with IBM, Cisco, Oracle, Microsoft, Dell, among others, indicated that its revenue grew substantially in the US and Americas, rose marginally in EMEA and dropped in Asia Pacific region.