HPE's sales shrink as compute arm falls by double-digits

Josh Budd
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HPE's sales shrink as compute arm falls by double-digits

Infrastructure vendor plagued by Intel chip issues and coronavirus uncertainty

HPE has suffered declining revenues in Q1 after its compute business was ravaged by Intel's chip shortage and supply chain issues stemmping from the coronavirus. For the quarter ending 31 January, HPE's sales fell by eight per cent year on year to $6.9bn, while earnings from operations sank by 24 per cent to $348m. Its Compute business, which lumps together datacentre and networking products, was the main problem child for HPE, with revenues falling by 15 per cent year on year to $3bn. HPE...

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