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HP Enterprise profits rise on the back of artificial intelligence

HP Enterprise profits rise on the back of artificial intelligence

Hewlett Packard Enterprise (HPE) revealed that new orders for artificial intelligence systems reached $4.6 billion at the end of April, adding that revenue and profit growth will spread in the second half, thanks in part to “continuous improvement in the traditional infrastructure market, including… That's servers, storage and networking.”

Artificial Intelligence is becoming more prevalent in the daily life of companies and is enhancing the results obtained. Evidence of this is the recent growth recorded by HP Enterprise, a company derived from HP, in 2015. It has benefited economically from the expansion of artificial intelligence servers, according to the American newspaper The Street.

As companies increase their spending on technology and demand for new products accelerates, HP Enterprise, the services-focused division that spun out of the former Hewlett Packard, has focused on developing artificial intelligence capabilities under CEO Antonio Neri.

Hewlett Packard Enterprise (HPE) revealed that new orders for artificial intelligence systems reached $4.6 billion (€4.3 billion) at the end of April, adding that revenue and profit growth will extend into the second half of the year, thanks in part to “continuous improvements.” . In the traditional infrastructure market, including servers, storage and networking.

Second-quarter revenues prove this, with an increase of 6.3 percent compared to the same period last year, reaching $7.2 billion (6.7 billion euros), and AI systems product revenues more than doubled to $900 million.

Currently, the group is also in negotiations to form a partnership with NVIDIA, the market leader in artificial intelligence chips and processors, with the aim of designing and developing systems that use HPE data.

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“AI is creating growing demand across our portfolio and we see significant opportunities across all client and business segments,” Neri told investors on a conference call this week.