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HPE: disappointing forecasts, savings program launched
(CercleFinance.com) - Hewlett Packard Enterprise fell by 15% on the New York Stock Exchange on Friday, after unveiling disappointing forecasts and presenting a plan targeting $350 million in savings between now and 2027.
In a financial notice, the American group specializing in servers and networks for business specifies that these cost reductions will be achieved through job cuts. HPE also announced a lower-than-expected outlook for its 2024/2025 financial year, forecasting sales growth of 7% to 11% at constant exchange rates. For its first fiscal quarter, which ended at the end of January, the Houston-based group saw its sales increase by 16% to $7.9 billion, including 17% growth at constant exchange rates. The stock fell by 15% on Wall Street in the wake of this publication. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
01/08/2025 17:59
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