quotes.freerealtime.com/quotes/HPE/News
www.marketwatch.com/press-release/...friday-2020-12-02?siteid
Hewlett Packard Enterprise ( HPE Stock Report ) is another tech stock that is bucking the trend in the stock market. This came after the company reported better than expected financial results for the fourth quarter, ended October 31, 2020. HPE reported revenue near to pre-pandemic levels of $7.2 billion, up 6% from the prior quarter and flat from the prior-year period. The company also raised guidance for the 2021 fiscal year.
“The global pandemic has forced businesses to rethink everything from remote work and collaboration to business continuity and data insight”, “Over the last several months, customers have increasingly turned to HPE for our unique capabilities from edge to cloud that help them empower their workforces, deploy resilient new IT solutions and extract insights from critical data, while consuming these solutions more flexibly as a service.”- Antonio Neri, president, and CEO of Hewlett Packard Enterprise
Apart from reporting strong fiscal results, the company also announced that it's moving its corporate headquarters to Houston from San Jose, California. That's an unconventional shift for a company with deep roots in the Bay Area. The company joins a list of other tech companies that are moving out of California."....