HPE, Cisco achieved better revenue growth than IBM

Networking majors Hewlett Packard Enterprise ( #HPE ), #IBM and #Cisco have shared their quarterly financial results in the recent weeks.

While HPE and Cisco achieved marginal growth in quarterly revenue in their latest quarter, IBM showed lack of stability in its business.

Hewlett Packard Enterprise

Excellent performance in servers, storage, networking and converged infrastructure and enterprise services has helped Hewlett Packard Enterprise (HPE) to raise its revenue in the fiscal 2016 second quarter, ended April 30, 2016.

HPE net revenue increased 1 percent to $12.7 billion.  It has generated $7 billion from Enterprise Group, up 7 percent from the previous year.

Enterprise Services revenue decreased 2 percent to $4.7 billion and software revenue dropped 13 percent to $774 million. Revenue from financial services was down 2 percent to $788 million.

Within Enterprise Group, HPE’s server revenue was up 7 percent, Storage revenue was up 2 percent, networking revenue was up 57 percent, and Technology Services revenue was down 6 percent.

http://www.infotechlead.com/networking/hpe-cisco-achieved-better-revenue-growth-ibm-40119