Mike Lynch’s estate ordered to pay HP over £700 million in damages
Mike Lynch and his business partner have been ordered by a court to pay £740 million to HP Enterprise following a legal dispute.
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HPE Surges on Strong Q2 Earnings and AI Growth
Hewlett Packard Enterprise reported better-than-expected Q2 earnings, raised its full-year profit forecast, and provided a strong revenue outlook for Q3, amid increased investor interest and strategic focus on efficiency.
Russian State-Sponsored Hackers Target HP Enterprise in Cyberattack
HP Enterprise was hacked by the same Russian state-sponsored group, Midnight Blizzard, that targeted Microsoft and was behind the SolarWinds attacks. The group gained access to HPE's cloud-based email environment and stole data from a small percentage of email accounts, including those in cybersecurity, and a limited number of SharePoint files. The incident is believed to be related to an earlier security breach in May 2023. HPE is still investigating the scope of the attack and working with law enforcement, but it believes the incident hasn't had a material impact on its operations.
HP Enterprise Exceeds Expectations with Strong Networking Gear Demand
HP Enterprise reported strong earnings, fueled by robust growth in its networking business and rising demand for high-performance computing and generative artificial intelligence hardware and services.