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ā¢ Hewlett Packard Enterprise beat estimates for quarterly profit, but gave a dour forecast for the current quarter due to unfavorable macroeconomic conditions.
ā¢ The company's fourth-quarter expenses fell nearly 17%, but sticky inflation and higher interest rates have led to reduced IT spending.
ā¢ HPE expects revenue in the first quarter of fiscal 2024 to be in the range of $6.90 billion to $7.30 billion, slightly below estimates.