Acquisition ImpactThe 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 Sector PerformanceCloud orders grew more than 50% sequentially and triple digits year-over-year, driven by AI initiatives, indicating a strong overall environment.
Revenue GrowthSequential revenue growth was reported across cloud, enterprise, and service provider sectors, with cloud performing better than expected.