Hewlett Packard Enterprise (HPE) claims its GreenLake portfolio as-a-service strategy has been boosting its bottom line, as it has never been boosted before.
Earlier this year the vendor revealed that it had 80,000 partners globally, with 70 percent of its revenues coming from the channel, and it has been using its GreenLake subscription model as a major channel play.
Since then, HPE has been adding more options to GreenLake, with unified compute operations and cloud data services both being recent additions. Following its acquisition of Zerto, data recovery services will be the next to add.
In the firm’s third quarter earnings call, CEO Antonio Neri gave an update on progress said that HPE GreenLake has more than 1,100 customers.
“Our annualised revenue run rate this quarter was $705 million, up 33 percent year over year. Driven by strong as-a-service orbits growth, up 46 percent year over year.”
Neri said that although HPE had been investing in the as-a-service approach and the momentum we have in the market compels the outfit to move quicker.
“Our vision is to become the edge-to-cloud company.”
In terms of the numbers for the three months ended 31 July, HPE delivered a three percent increase in third-quarter revenue to $6.9 billion.
On the Intelligent Edge side of the business, growth was up by 23 percent and switching climbed by 20 percent.
HPE suffered supply constraints that had an impact on wireless LAN keeping to mid-single digits. Edge-as-a-service saw strong growth and revenues were up by nine percent in HPC.
Storage saw a year on year improvement of a disappointing one percent.
