Hewlett Packard Enterprise Co. shares soared by the most ever after the company gave an outlook for annual sales that topped Wall Street’s estimates, citing massive growth in AI-fueled demand for its servers and networking.
Revenue will increase about 31% in the fiscal year ending in October, and about 10% in the year ending in October 2027, the company said Monday in a statementBloomberg Terminal. Both are significantly higher than analyst growth expectations — 19% and 5.3% for fiscal years 2026 and 2027, respectively.
