Story image

HPE NZ sees huge admin savings within 65% profit drop

06 Apr 2018

HPE NZ’s annual financial results have been filed showing a 65% drop in profit since the spin-off of HPE Enterprise Services.

While their 2016 numbers showed a profit of $10 million, 2017 saw just $3.5 million, a drop which is greater than the one seen in total revenue.

In 2016 HPE NZ saw $245 million passes through their coffers, while in 2017 it was $130 million - a drop of 47%.

However, this needs to be compared with the reduction in operating costs that the company saw due to the restructuring.

Administrative expenses totalled $113 million in 2016, while in 2017 that number dropped down to just $32 million - a not insignificant reduction of 72%.

Depreciation of property, plant and equipment plunged by 91% from $6 million to just $500k.

Overall, the results reveal a more streamlined and less burdened organisation moving into 2018.

These results come amongst interesting times for HPE both locally and globally.

IDC named Aruba-HPE as a ‘Leader’ among WLAN vendors in their MarketScape analysis, alongside Cisco.

Other vendors profiled in this IDC MarketScape analysis and ranked as either ‘Major Players’ or ‘Contenders’ in the market include (in alphabetical order): ADTRAN, Aerohive, Extreme, Fortinet, Huawei, Mojo, Riverbed/Xirrus, Ruckus/ARRIS, and Ubiquiti.

HPE is also working to expand their portfolio to meet modern expectations, recently releasing a range of offerings designed to help introduce and accelerate organisations AI offerings.

HPE says their new offerings can enable customers to explore, evolve and expand AI applications aligned to their business and industry needs, accelerating time to value.

The company has taken the second spot as the vendor of cloud IT infrastructure, just behind Dell and ahead of Cisco.

It even sent two water-cooled servers directly from the factory to the space station as part of an effort to test the viability of keeping data centres off-planet.

Lenovo outlines new range of Legion mobile gaming devices
The newest offerings include the latest Intel processors and NVIDIA GPUs to support modern gaming needs.
IDC: Manufacturing driving digital transformation spending in 2019
IDC forecasts global DX spending to reach US$1.18 trillion in 2019, an increase of 17.9% over 2018.
Intel announces “most powerful mobile processors ever”
Improvements in performance, responsiveness and Wi-Fi connectivity will be rolling out for gamers and creators alike.
Application virtualisation market to reach $5bn by 2024
According to a report by KBV Research, cost-saving and productivity benefits will drive the market over the next 5 years.
Slack's 2019 feature roadmap unveiled
Including shared channels across organisations, workflow automation, greater email and calendar integration, and streamlined search.
Data#3 wins learning and development award two years running
Chief Learning Officer magazine’s LearningElite programme honours the best organisations for learning and development.
emt Distribution adds risk intelligence vendor
Flashpoint has signed emt Distribution to provide channel partners in Oceania and South East Asia a solution for illicit threat actor communities.
Intel releases 8th gen vPro mobile processors
This generation promises longer battery life, better performance, and comes with a built-in hardware security solution, Intel Hardware Shield.