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HPE raises FY27 Networking revenue growth outlook to high teens-low-20s pct; secures $1.2B Vultr order
HPEHewlett Packard Enterprise Co
Hewlett Packard Enterprise raised its fiscal 2027 Networking segment revenue growth outlook to between high teens and low-20s percent, with operating margins expected in the mid-to-high 20s percent range. The company also increased its target for Juniper Networks-related cost synergies to $800 million in annual run-rate savings by fiscal 2028, up from a previous target of at least $600 million. Additionally, HPE announced it secured a $1.2 billion order from cloud infrastructure provider Vultr for AMD Helios AI Rack systems, marking the first system order for this new platform. The company outlined long-term growth expectations, projecting Networking revenue to grow at a high-teens percent CAGR through fiscal 2029. Hewlett Packard Enterprise operates in the enterprise technology sector, providing hardware, software, and services for data centers, networking, and edge computing.