Hewlett Packard Enterprise says that FY 2016 revenue will grow at 1%-2% yr/yr.
President and CEO Meg Whitman, at HPE's 2016 Securities Analyst Meeting, provided a strategy update and the financial outlook for fiscal year 2017.
"Hewlett Packard Enterprise is in a strong position. We have a clear strategy, aligned to the market opportunity, and will be more focused than ever on how we innovate in our business models, our products, our solutions and our go-to-market."
She reiterated HPE's vision of being the industry's top provider of hybrid IT, built on the secure, next generation, software-defined infrastructure that will run customers' data centres today, bridge them to multi-cloud environments tomorrow, and power the emerging Intelligent Edge that will run campus, branch and Industrial IoT applications for decades to come.
Following a number of strategic portfolio moves, including the spin-offs and mergers of the Enterprise Services and Software businesses, the future HPE will have the right assets to achieve this vision, including core software and services capabilities that differentiate HPE from its competitors and deliver the company's infrastructure solutions, she says.
Looking at a total $250bn opportunity, HPE sees Data Centre and Cloud representing a $100 billion opportunity growing at 1-2% CAGR, with areas of high growth like High Performance Compute, Private Cloud, all-flash arrays and hyperconverged.
Next is what it calls "The Intelligent Edge", including the $23bn campus and branch market, growing at 2-4% each year, and a new category called Converged Infrastructure for the Edge, which will power the emerging $14bn market of Industrial IoT applications, growing at around 15% per year.
Services, which represents a $116bn opportunity growing at 3-4% each year, driven by growing customer needs for consulting and support across hybrid infrastructure and demand for flexible IT consumption models.