GreenLake’s momentum is accelerating
Hewlett Packard Enterprise CEO Antonio Neri said HPE’s local edge-to-cloud platform as a service resonates with customers frustrated by the limitations of the public cloud.
“Everyone sees GreenLake as a real alternative to the public cloud for those workloads that have to remain premised,” Neri said in an interview with CRN Thursday after the release of the Houston-based third-quarter fiscal financial results . “In addition, in many cases they are repatriating workloads to premises. But everything is driven by the gravity of the data. They struggle with the aspect of the data as to where to put the data so that they comply, the latency component of this [is also an issue]”.
Neri said many customers are realizing that the public cloud is the equivalent of the “California Hotel: You Can Sign Up, But Never Go Out,” referring to the famous Eagles song.
Also, he said, there is in many cases a single point of failure with the public cloud. “If something happens you don’t have any backup,” he said. “Actually, we can offer customers a real hybrid experience: being away from home, offering them true hybrid ownership, and being able to use technology like Zerto, for example, that not only deals with data protection for ransomware, but also “It’s very, very important to me, to drive the portability of round-trip workloads.”
This week, Neri promised a “massive acceleration” of GreenLake’s business over the next six months as HPE takes its cloud-based platform as a service to new heights versus public cloud vendors with innovative GreenLake experience .HPE.com.
“From now until March you will see a massive acceleration [of GreenLake]”That’s why it’s my number one priority,” Neri said.
Overall, HPE reported non-GAAP earnings of 47 cents per share for $ 6.898 billion in sales for its third fiscal quarter, which ended July 31. Earnings exceeded the Wall Street consensus of 42 cents per share.
HPE reported a 46% increase in support orders and a 33% increase in the annual revenue execution rate (ARR), a critical measure of GreenLake’s success, to $ 705 million . HPE also reiterated its ARR orientation of 30% to 40% of the compound annual growth rate from fiscal year 2020 to 2023.