There was one particular juicy tidbit during Hewlett Packard Enterprise’s (HPE’s) fourth quarter earnings call with financial analysts last week. The company announced it had “de-booked” a $700 million order for AI equipment due to what was described by CEO Antonio Neri as a “concern with a specific customer.”
During the call on Thursday, chief financial officer Marie Myers said that, while revenue from AI systems orders were in-line with expectations of an estimated $1.2 billion, “we had an order de-book in Q4, leaving our net orders for the quarter at approximated $500 million. Subsequent to the end of the quarter, we have received orders that bring our current backlog to over $3.5 billion. As we have mentioned before, AI systems orders can be lumpy [defined as revenues that come in at sporadic intervals] and this is an example of that.”
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Source: News