Hewlett Packard beats Q2 results estimates on AI demand; records $1.36 billion charge


FILE PHOTO: Figurines with computers and smartphones are seen in front of Hewlett Packard Enterprise logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Hewlett Packard Enterprise beat Wall Street's second-quarter revenue and profit estimates on Tuesday, driven by demand for its artificial-intelligence servers and hybrid cloud segment.

Shares of the server-maker, which also recorded an impairment charge of $1.36 billion in the reported quarter, rose 3.2% in extended trading.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Virtual reality opens doors for older people to build closer connections in real life
A gaming tour de force that is very, very French
Coupang announces $1.18 billion compensation to South Korean users for data leak
‘Marvel Cosmic Invasion’ revives an arcade beat-’em-up experience
Understanding personal cyber insurance: what it covers and what it doesn't
Louis Gerstner, former IBM CEO who revitalized 'Big Blue,' dies at 83
Amazon halts plans for drone delivery in Italy
Coupang founder Kim Bom apologises for data leak, pledges compensation
Sam Altman hints at the radical design choices behind OpenAI’s upcoming devices
Opinion: Enable Wi-Fi calling if your house has dead zones

Others Also Read