Acquisition BenefitsThe all cash, $40/share deal is expected to double HPE’s networking business and yield $450M in operating synergies within 36 months of closing.
Cloud GrowthCloud orders grew more than 50% sequentially and triple digits year-over-year, driven by AI initiatives, indicating a strong overall environment.
Service Provider SectorService provider customers have largely absorbed excess inventory and are returning to more normal ordering patterns, which is encouraging progress.