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Hewlett Packard Enterprise: Major Highlights in Fiscal 2Q16

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HPE gains market share in the storage space

In its earnings call, Hewlett Packard Enterprise (HPE) stated that it is the only major vendor to have gained share in the external disk business segment over the last two years. In comparison, companies such as EMC (EMC), NetApp (NTAP), IBM (IBM), and Dell have lost market share YoY (year-over-year).

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Networking revenues grow impressively for HPE

In HPE’s networking business, revenues grew 57% YoY and were up 17% YoY when adjusted for its Aruba acquisition. In May 2015, HP acquired Aruba Networks for $3 billion in hopes of enhancing its role in the WLAN (wireless local area network) market.

Driven by its partnership with Unisplendour, HPE is seeing an acceleration in this business. In May 2015, HP officially announced the sale of a 51% share in H3C to Unisplendour, a subsidiary of the Chinese (FXI) company Tsinghua Holdings. H3C includes HPE’s China-based server, storage, and technology services operations.

In the switching segment, HPE’s revenues rose 18% YoY. In comparison, revenues of market leader Cisco (CSCO) fell 3% YoY in the last reported quarter.

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