HPE Raises Growth Expectations for Networking Business, Secures $1.2 Billion AI Server Order from Vultr

Techub News reports that Hewlett Packard Enterprise (HPE) has raised its revenue expectations for its networking business and announced a $1.2 billion order from cloud company Vultr. The company indicates that these signs show it is benefiting from the boom in AI infrastructure construction. HPE expects that the percentage sales growth of its networking business will reach the high single-digit to low double-digit range in the fiscal year 2027. The company also provided a long-term sales growth expectation of high single digits, with an operating margin target of up to the high double digits. HPE expanded its networking business last year through the acquisition of Juniper Networks. (Bloomberg Technology)