The company’s net revenue for Q3 FY21 was $6.89bn, a 1% increase compared to $6.81bn in the same quarter of the previous fiscal year

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Rendering of the Houston campus of HPE, which will open early 2022. (Credit: Hewlett Packard Enterprise Development LP)

Hewlett Packard Enterprise (HPE) has reported a net income of $392m for the fiscal 2021 third quarter (Q3 FY21), compared to a net income of $9m in the same period of the previous fiscal year.

For the reported quarter that ended 31 July, the US-based enterprise IT company registered diluted net earnings per share (EPS) of $0.29. In Q3 FY20, the company had reported diluted EPS of $0.01.

HPE’s net revenue for Q3 FY21 was $6.89bn, a 1% increase compared to $6.81bn in the same quarter of the previous fiscal year.

The company’s revenue from Intelligent Edge was $867m during the reported quarter. This is an increase of 27% from the prior year period.

Its revenue from high performance compute and mission-critical systems (HPC & MCS) was up by 11% from the prior-year period to $741m.

Compute revenue of HPE came down by 9% year-over-year (YoY) to $3.1bn in Q3 FY21.

HPE’s revenues from its storage and financial services businesses were both up by 4% YoY to $1.2bn and $844m, respectively.

HPE president and CEO Antonio Neri said: “I am pleased to see how our differentiated portfolio is resonating with the market, and our edge-to-cloud strategy is driving improved momentum across our businesses.

“The impacts of the pandemic continue to accelerate the shift we predicted years ago to an edge-centric, cloud-enabled and data-driven world.

“Now, more than ever, companies need secure connectivity, faster insights from data, and a cloud experience everywhere. We expect those trends to continue.”

Towards the end of the third quarter, HPE signed a $374m deal to acquire Zerto, a cloud data management and protection platform.

Earlier this week, the company won a $2bn worth contract from the US National Security Agency (NSA). Under the 10-year contract, the company will provide high-performance computing (HPC) technology as a service through the HPE GreenLake platform.