HP Enterprise Posts Strong Earnings Beat, Lifts Guidance

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Hewlett Packard Enterprise

posted better-than-expected financial results for its fiscal first quarter ended Jan. 31 and raised its full-year guidance, a nice surprise amid a cascade of cautious commentary this week from other tech companies about the outlook for enterprise tech spending.

The company, which among other things owns the old Cray supercomputing business, also said it plans to offer a cloud-based supercomputing service for training artificial intelligence large learning models.