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Could Hewlett Packard Enterprise Beat Analyst Estimates in 4Q17?

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Part 4
Could Hewlett Packard Enterprise Beat Analyst Estimates in 4Q17? PART 4 OF 11

What Drove HPE’s Hardware Revenue Growth in 3Q17

Enterprise Group’s revenue rises 3% in fiscal 3Q17

In fiscal 3Q17, Hewlett Packard Enterprise’s (HPE) Enterprise Group saw its revenue rise 3% YoY (year-over-year) to $6.8 billion. Revenue, excluding that of Tier 1 (telecom and cloud companies), rose 9% YoY in fiscal 3Q17. While server revenue was flat, it rose 12% YoY—again excluding Tier-1 sales.

Revenue from HPE’s High Performance Computing vertical rose 40% YoY and 10% YoY after adjusting for acquisitions. HPE is also gaining traction in the space with its SGI portfolio.

What Drove HPE&#8217;s Hardware Revenue Growth in 3Q17

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Storage revenue rises 11% YoY in 3Q17

While Servers revenue accounts for 49% of Enterprise Group’s revenue, Storage revenue makes up 12%. Storage revenue rose 11% YoY, with all-flash array (or AFA) storage revenue rising over 30% in 3Q17, driven by the Nimble Storage acquisition. In early 2017, HPE launched the HPE SimpliVity, a hyper-converged offering, and saw a 200% rise among its customer base in the SME (small and medium enterprise) segment.

HPE’s acquisition of Aruba saw its WLAN (wireless local area network) revenue rise 30% in 3Q17, and the company is gaining market share from tech giants such as Cisco Systems (CSCO) in this vertical. Enterprise Group is HPE’s largest business segment and accounted for over 80% of its revenue in fiscal 3Q17.

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