Company Overview
Hewlett Packard Enterprise (HPE) stands as a leading force in enterprise technology infrastructure, serving as the edge-to-cloud company that advances how organizations live and work. Founded on November 1, 2015, through the strategic split of the iconic Hewlett-Packard Company, HPE inherited the enterprise technology infrastructure, software, and services businesses while HP Inc. retained personal computers and printers. With headquarters in Spring, Texas, and approximately 61,000 employees worldwide, HPE generated $30.1 billion in revenue in fiscal year 2024, representing 3.4% growth year-over-year and exceeding analyst expectations.
HPE's business portfolio centers on helping companies connect, protect, analyze, and act on their data and applications wherever they reside—from edge to cloud. The company's flagship offering, HPE GreenLake, represents a paradigm shift in enterprise IT delivery, bringing cloud-like flexibility and consumption-based pricing to on-premises infrastructure. With annual recurring revenue (ARR) exceeding $1.6 billion and growing 30% year-over-year, GreenLake has become a cornerstone of HPE's transformation from a hardware vendor to a comprehensive hybrid cloud and AI solutions provider. The platform delivers dedicated hardware to customer locations with scalable, on-demand capabilities and pay-per-use pricing, addressing the critical need for data sovereignty and low-latency computing.
The company's product portfolio spans multiple critical technology domains. In compute, HPE offers industry-leading servers including ProLiant and Synergy systems that power mission-critical workloads. Storage solutions encompass HPE Alletra, Primera, Nimble, and the 3PAR platform, providing block, file, and object storage across performance tiers. Networking capabilities, significantly enhanced through the historic $14 billion acquisition of Juniper Networks completed in July 2025, position HPE to deliver comprehensive cloud-native, AI-driven networking solutions. High-performance computing leverages the Cray supercomputer technology acquired in 2019, enabling advanced research and AI model training at unprecedented scales.
Under the leadership of President and CEO Antonio Neri, who took the helm in 2018 as the company's first Latino chief executive, HPE has pursued an aggressive innovation and acquisition strategy. Beyond Juniper Networks, notable acquisitions include Aruba Networks for wireless and edge networking, Nimble Storage for predictive analytics-enabled storage, Morpheus Data for hybrid cloud management, and OpsRamp for AIOps capabilities. These strategic moves reflect HPE's vision of delivering a unified, intelligent platform spanning edge, core, and cloud environments. The company's partnership with NVIDIA, formalized as 'NVIDIA AI Computing by HPE,' positions it to capture the explosive growth in generative AI infrastructure demand.
HPE faces a competitive landscape dominated by technology giants including Dell Technologies, Cisco Systems, IBM, and cloud hyperscalers like AWS and Microsoft Azure. However, HPE differentiates through its hybrid cloud approach, recognizing that enterprises require flexibility across on-premises, colocated, and public cloud deployments. With a market capitalization of approximately $28.86 billion as of late 2024—up 27% during the year—and consistent recognition as a Great Place to Work with 83% employee satisfaction, HPE continues to evolve its business model while honoring the innovative spirit of founders Bill Hewlett and Dave Packard, whose partnership began in a Palo Alto garage in 1939.
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