HP Enterprise (HPE) announced updates to Catalyst, a set of initiatives to enhance growth opportunities while driving structural cost savings. Designed to make the company faster, smarter, and more efficient, these cost-reduction and efficiency actions position HPE for improved operating leverage and higher long-term profitability. The company anticipates that by fiscal year 2028, Catalyst will deliver at least $350M in gross savings. The company also still expects to achieve at least $600Min cost savings from Juniper-related synergies during that time. These savings will impact both cost of sales and operating expenses, improving non-GAAP gross profit, enhancing non-GAAP operating profit, while supporting investments vital for long-term sustainable growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HPE:
- HP Enterprise falls 5% to $23.83 after issuing outlook at analyst meeting
- HP Enterprise sees FY26 adjusted EPS $2.20-$2.40, consensus $2.42
- HP Enterprise price target raised to $29 from $25 at BofA
- HP Enterprise price target raised to $28 from $26 at Citi
- Positive Outlook for Hewlett Packard Enterprise: Buy Rating Driven by Juniper Acquisition and AI Growth