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Adam_a

HPE Reports 4Q17 & Full Year Earnings

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The numbers overall look pretty good, however, for the fourth quarter, the company reported that its enterprise group revenue was flat. Sever revenue was down 5%. On the flip side, networking revenue was up 21% and technology services were up 2%. The seemingly abrupt announcement of the CEO stepping down also jarred the price of the stock. Whitman has been the CEO since September 22, 2011. As recently as July, Whitman said, “We have a lot of work still to do at HPE and I am not going anywhere."* So her announcing that she is stepping down is a bit of a shock

 

HPE Reports 4Q17 & Full Year Earnings

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