Mark Cash: No-moat HPE reported first-quarter revenue below our expectations, but the company issued increased guidance for its 2019 earnings per share by $0.15 on a GAAP basis.
The company posted strong growth in nascent technology areas like edge computing, hyperconverged infrastructure, and all-flash array storage. As indicated by its lower revenue and margin profile expansion, the company is attempting to pivot away from lower cost sales, especially to the Tier 1 cloud service providers.
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