Revenue of $6.95B (-8.1% Y/Y) misses by $260M... blaming "microenvironment” issues... Come-on. That might be kind-of accepted for Q2, but for Q1? Our "Leaders" don't have a clue of where this ship is going. I thought our HP, Inc. peers were doomed, but we are even worse...
Expected, I guess... DXC, doomed... MicroFocus, doomed, HP, Inc., doomed, HPE, doomed... Meg, am I missing any other?
Oracle should buy HPE and save it before going bankrupt
BUT LE will not give it up, so what would he gain by bringing in HPE?
I can't say that I've heard a single rumor of such an acquisition. Not gonna happen.
I wouldn't wish Oracle on HPE. They have already both been impacted by MH in the past., Even though he is no longer on this planet, his impact along with LE & SC at Oracle, has really messed up that company, and there would be no solace in HPE being absorbed by them. Morale at Oracle is low, with folk there looking over shoulders for layoffs. Oracle's cloud offerings are not mainstream, their financial reporting on the offering is suspect - BUT LE will not give it up, so what would he gain by bringing in HPE?
Interesting thought about oracle... perhaps a HPE/Oracle merger?
Oracle might grab HPE with the right incentives from the government. Since they lost the big "cloud" DOD RFP, that is doubtful now. Oracle cloud is actually coming around, but it is 5 years behind the time, too little too late? Timing is everything. The rapid mergers of various HPC vendors SGI, Cray won't bring in the revenue required nor the margins. HPE needs to get a larger foothold in ENTERPRISE, aka Oracle.
C-ap products and services... only people surprised by this are the employees.
Any rumors of a merger for HPE? I would think they would be looking for something to help them.
Worst company with coward executives back stabbing each other and those who reported to them. Eric the clown
Layoffs expected in July- August after the CEO pledges expire in 60-90 days. This pandemic will last for 12-18 months or 2-3 years. Travel, retailers, restaurants, car sales, oil industry and banks are all affected. State governments are running out of cash. Many are taking it easy thinking that Economy will return to normal within 3 months. They need to wake up !!
few others are down too ... netpp is almost gone .. dell seems do well , ibm is off to their new quantum-computers before they can recover , Lenovo and Huawei win thanks to copy/paste and cheap labor ...
Oracle recently posted its quarterly numbers and beat expectations, with sales and profit up. Why can't HPE do the same?
The mergers with SGI, Cray will not integrate well.....the government is going to have to step in, step up and fund the problems.
As for HPE, I don't know where they can go.
For while I wondered of Oracle would pick HPE's bones, but they're already have their own legacy enterprise business. Actually, from what I have heard SPARC system sales are up. Is the same true for HP-UX?
Revenue of $6.95B (-8.1% Y/Y) misses by $260M
So, not only was revenue way down, they didn't even meet the greatly diminished expectations.
Truly sad to see both HP's swirl the bowl like this.
Meg Whitman made her 100 ?millions. I’m just happy I’m not as ugly - inside and out ;) - a lot less wealthy but financially secured.
But that’s the point. The once at the top make their $$$ and couldn’t care less on making all the strategic mistakes, possible.
Will Meg read these comments? She can clearly be proud and see this a her biggest achievement.
Pulled out of early Cloud offerings, surrendered that market to Microsoft in return they would continue to order hardware kit from her, seperated the company into the various pieces and now we know this was a huge mistake and she is gone screwing it up somewhere else.
Impossible only affected former employees are seeing this and the market still considers to bring her in and fullfil a diversity quota.
Sad sad ... sad
F**ing failure of a company that only benefits a few at the top.
The results, the constant under performance, the idea that you can compete with bunch of H1-B fresh grads, rejected by the competition - it all boils down to $11.5/share and market cap smaller than many recent IPOs with 5% of HPE’s revenue.
It is funny that HP Inc was considered a future failure but HPI did better ... for awhile. I think at this point, Both HPI and HPE are on a path to go up in vapor. Whether or not the "HP" name lives on remains to be seen but it's not looking good. Xerox is now likely to take over HPI, The "HP" name could become a brand a la Compaq. As for HPE, I don't know where they can go.
But things change and we are seeing the end.
I worked there for over 10 years. I never saw a good quarterly result reported. No raises, no bonuses, constant layoffs. Getting out was the best thing I ever did. Embarrassed to admit I wasted that much time there.