Marie Myers, CFO of Hewlett Packard Enterprise (HPE) participated in the BofA Securities 2024 Global Technology Conference where she discussed various aspects of the company’s performance and strategy. Myers highlighted her transition to HPE from HP Inc. due to the exciting opportunities in AI that HPE offers. The recent earnings report showed a strong performance in revenue, cash flow, and EPS.
Myers discussed the divestiture of H3C with Unisplendour, clarifying the $3.5 billion deal structure. She emphasized HPE’s strong position in the AI server market and highlighted the acquisition of Juniper, which is expected to bring significant revenue and cost synergies.
The conversation with Ruplu Bhattacharya delved into HPE’s focus on enterprise AI and the unique partnership with Microsoft. Myers emphasized the importance of liquid cooling expertise in the context of AI workloads. The discussion also covered Gen11 servers, GreenLake, and the growth potential of AI and GreenLake business.
Regarding financials, Myers addressed free cash flow guidance, inventory management, OpEx management, and investments in CapEx and R&D. She provided insights into HPE’s participation in various segments of the AI market, including model builders, sovereigns, and enterprises. Myers also highlighted HPE’s role in delivering sovereign AI services and its unique qualities that cater to the demands of sovereign entities.
Overall, Myers expressed optimism about HPE’s future prospects in the AI server market and other segments, showcasing a strong strategy and potential for growth.
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