Hewlett Packard Enterprise (HPE) delivered fiscal fourth-quarter earnings that beat analysts’ expecta𝓡tions, driven by growth in server rev🌺enue.

The server maker posted record revenue of $8.5 billion, up 15% year-over-year and above the analyst consensus compiled by Visible Alpha. Net income was $1.34 billion, o𝔉r 99 cents per share, up from $642 million♓, or 49 cents per share, a year earlier.

HP Enterprise server revenue jumped 32% to $4.7 billion, above analysts' estimates. In October, the company unveiled 澳洲幸运5官方开奖结果体彩网:new servers powered by Advanced Micro Devices (AMD) chips and designed to support 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) clusters for tasks like training 澳洲幸运5官方开奖结果体彩网:large language models.

Revenue from the company's Intelligent Edge segment fell 20% year-over-year to $1.1 billion, while revenue in its cloud segment rose 18% to $1.6 billion. 

Looking ahead, HP Enterprise expects first-quarte♓r revenue growth in the mid-teens. The analyst co🀅nsensus is 14% growth.

Shares of HP Enterprise rose slightly in recent after-hours trading. The stock was up about 27% in 2024 through Thursday’s close, in line with the S&P 500's gain over the period.