Analyst Commentary

HPE endures revenue attrition as it transforms to embrace hybrid IT

In CY4Q16, HPE endured near-term internal and external challenges as it executed long-term modernization strategies
In 4Q16, Hewlett Packard Enterprise (HPE) NYSE: HPE) achieved $11.4 billion in revenue, representing a 10% year-to-year decline. This performance reflects HPE’s status as an incumbent vendor in a challenging market, with multiple internal and external challenges preventing top-line gains. For example, HPE’s converged storage business — a large and mature piece of its overall storage business — experienced a...

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