HPE's CFO Discusses Impact of Cloud Trends and Lower Memory Prices [TheStreet.com]
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Source: TheStreet.com
HPE's CFO Discusses Impact of Cloud Trends and Lower Memory Prices Some data center workloads just aren't good fits for being hosted on public clouds and HP Enterprise ( HPE Get Report mixed earnings report HPE's Numbers HPE reported The IT hardware giant also guided for July quarter EPS of $0.40 to $0.44, which compares with a consensus of $0.41, and it hiked its fiscal 2019 (ends in Oct. 2019) EPS guidance by $0.06 to a range of $1.62 to $1.72. At the same time, the company reiterated full-year free cash flow guidance of $1.4 billion to $1.6 billion. As of the time of this article, HPE's shares are up 1.9% in Friday trading to $14.60. They went into earnings down 9% over the prior 12 months, and roughly flat over the prior two years. Following HPE's report, I had a chance to talk with Tarek Robbiati, who last September became HPE's CFO after having previously served as Sprint's ( The Impact of Public Cloud Adoption Robbiati asserted that the migration of enterprise workloads, which
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