HPE, Inc. has announced Q2 FY2024 financial results that show a year-on-year revenue increase of 3.3% but significant variance by business unit. The new Server reporting segment increased revenues by 18% at $3.9 billion, while Intelligent Edge was down 19% at $1.1 billion and Hybrid Cloud was down 8% at $1.3 billion, year-on-year. Sales of AI-enabled servers clearly saved HPE’s quarter.
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