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Bloomberg Businessweek
HPE Earnings Recap, Wells Fargo Money Study Results
Mar 1, 2024
Podcast discusses HPE's challenges with reduced sales growth, profit decline, and chip shortages. They analyze HPE's quarterly performance, market positioning, and future outlook. The contrast between Dell and HPE, cyber preparedness, and wealth management services are also explored. Additionally, they unpack the Wells Fargo Money Study findings on financial worries, literacy, and changing attitudes towards financial goals.
16:41
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Quick takeaways
- HPE sees slowdown in networking growth, emphasizes AI bookings and GPU availability for future success.
- Wells Fargo Money Study reveals young affluent individuals prioritize financial planning, literacy, and breaking negative money habits.
Deep dives
HPE Facing Network Business Challenges
HPE saw a slowdown in its networking business growth after a period of success, with their intelligent edge business experiencing only a 3% growth compared to the previous 30% range. Additionally, the company's total growth fell below expectations, down 14%, primarily due to weakness in the server space. Despite cost reductions and margin defense efforts, HPE's CEO emphasized the importance of AI bookings and anticipated improved GPU availability in the second half of the fiscal year.
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Discover
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