HPE said it will supply AI networking systems for Oracle data centers, adding a new infrastructure win as demand for AI buildouts stays strong.
Fiscal third-quarter earnings and revenue both beat estimates, and HPE also issued revenue guidance above Wall Street views.
HPE shares still wavered after the announcement, suggesting stronger results and the Oracle deal were weighed against already elevated AI-growth expectations.
The agreement ties HPE more closely to Oracle’s expanding AI data center push, with Oracle’s own earnings report still ahead.