(Reuters) -Hewlett Packard Enterprise beat Wall Street’s revenue and profit estimates of Wall Street on Tuesday, driven by demand for his artificial intelligence servers and hybrid cloud segment. Shares of the server maker, who also recorded a $ 1.36 billion impairment in the reported quarter, increased by 3.2% by an extensive trade. The company has benefited from an increase in spending on advanced data centers, designed to support the complex processing needs of generative AI. The Genai boom has strengthened the demand for Hewlett Packard’s Ai-optimized servers, driven by Nvidia processors and execute complicated applications. For the quarter ended April 30, the company reported an revenue of $ 7.63 billion, before the average estimate of $ 7.45 billion analysts, according to the data set by LSEG. In the quarter, Hewlett Packard addressed the execution challenges he experienced in the previous quarter, which enabled it to achieve improved margin performance in the server business, CFO Marie Myers said during a call to earnings. The company did not see a significant benefit of tariff -related demand for demand, she said. The adjusted profit per share for the second quarter was 38 cents, beating an estimate of 32 cents per share. Server revenue rose 5.7% to $ 4.06 billion and revenue for the hybrid cloud segment grew by 13% to $ 1.45 billion. Hewlett Packard increased its annual revenue forecast growth by 7% to 9%, compared to the forecast of 7% to 11%. “We continue to navigate a complicated macroeconomic and geopolitical landscape and remain willing to take extra action in the back half of the year to deliver against our fiscal prospects of 2025,” Myers said. The company predicts the third -quarter revenue between $ 8.2 billion and $ 8.5 billion, compared to an estimate of $ 8.17 billion. (Reporting by Juby Babu in Mexico City; Editing by Pooja Desai)
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