Wall Street liked what it saw in Hewlett-Packard Enterprise’s third-quarter earnings, sending HPE shares up more than 5% in after-hours trading based on better-than-expected results.
Analyst Patrick Moorhead, founder of Moor Strategies & Insights, commended HPE on achieving double-digit growth in networking, storage, and financial services. Those are all “very positive signs” in his view. On the flip side he expressed concern over a 1% decline in server revenue.
Here are a few key threads from the HP Enterprise’s earnings call on Tuesday night.