HPE Revenue Plunges on Supply Chain Disruptions

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Hewlett Packard Enterprise (HPE) reported this week that the pandemic has blown a hole in its earnings, as shipping backlogs hurt revenues. The company said it is cutting salaries as part of a “cost optimization and prioritization plan.”

HPE disclosed a serious hit to its earnings this week, with net revenue down by 15 percent to $6 billion. The pandemic has caused a major backlog in HPC, storage and compute deliveries to the tune of $1.5 billion.

“Our team is doing everything we can to deliver on these customer orders” the company said. New cost cuttings meanwhile — including changes to

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