Hewlett Packard Enterprise Co (NYSE:HPE, ETR:2HP) (HPE) shares were up more than 5% in early trading on Thursday after the enterprise technology provider reported better-than-expected financial results for its third quarter 2025, boosted by strong demand in its artificial intelligence (AI) server and networking divisions.
HPE reported revenue for the quarter that rose 19% to $9.14 billion, surpassing the analyst consensus estimate of $8.53 billion, according to data compiled by LSEG.
Its earnings for the period, meanwhile, came in at $0.44 per share, edging past the $0.43 expected by Wall Street.
“HPE delivered record-breaking revenue and improved profitability this quarter as we marked a major milestone by closing our acquisition of Juniper Networks,” said HPE CEO Antonio Neri said in a statement.
“Customer demand stretched broadly across our portfolio and was particularly strong in our Server and Networking segments.”
HPE also noted that it now expects revenue growth of 14% to 16% in fiscal year 2025, compared with its previous forecast of growth of 7% to 9%.
HPE share have gained about 12% year to date to its current price of $24 a share.