Hewlett Packard forecasts weak quarterly revenue, shares fall

Hewlett Packard forecasts weak quarterly revenue, shares fall

The Star Online - Tech·2025-12-05 08:10

Dec 4 (Reuters) - Hewlett Packard Enterprise forecast first-quarter revenue below Wall Street estimates on Thursday, due to cautious enterprise spending amid economic uncertainty, sending its shares down 5% in extended trading.

Enterprise customer spending has remained weak due to cost-optimization efforts in the wake of economic uncertainty and high interest rates, hitting companies such as HPE.

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