Editor’s note: Hewlett Packard Enterprise is bringing 2017 to a close strongly with a $7.7 billion quarter and looks to the future under a new CEO as long-time leader Meg Whitman announces her departure. Technology Business Research Analyst looks at HPE’s next moves. 

HAMPTON, N.H. – HPE endsed FY2017 with the announcement of Meg Whitman’s upcoming replacement by Antonio Neri in early 2018.

In CY3Q17, Hewlett Packard Enterprise (HPE; NYSE: HPE) achieved $7.7 billion in revenue. TBR believes portfolio shifts made thus far in 2017, including the finalization of spin-merges and a series of strategic acquisitions position the vendor well for long-term gains.

However, the speed with which HPE made these changes results in a near-term portfolio that resembles a jigsaw, and will take HPE some time to take its valuable assets and integrate them into one, cohesive portfolio.

While HPE have divested and acquired its way into key pieces of a successful portfolio, near-term struggles will remain as the vendor is putting the finishing touches on its portfolio transformation.

TBR notes the replacement of Meg Whitman as CEO, which will be effective February 1, 2018 when veteran HPE executive Antonio Neri will take Whitman’s place.

We believe this leadership shift will result in some strategy changes following Neri’s appointment of CEO. Whitman will remain on the board at HPE.

From an infrastructure perspective, HPE’s hardware story is increasingly tied to emerging technologies such as software-defined infrastructure, the cloud and AI. Recent acquisitions, including that of Nimble Storage are increasing the vendor’s presence in markets such as AI.

As HPE invests to modernize its portfolio, a key focal point is on long-term relevance, and investments in these emerging solutions is a key way to ensure long-term viability in a rapidly evolving market.

(C) TBR