00:00 Brian Sotzi
Okay. For this reason, today's power players are trapped in Hewlett Packard Enterprises. The company holds its annual discovery event in Vegas, showing off the latest technology to its customers, particularly in terms of AI. HPE CEO Antonio Neri will be with me from the event. Antonio, it's always great to be able to meet you. I don't know how you made time for me, but I still appreciate it. Of all the announcements you came out here, from the discoveries, the announcements at Nvidia and AI factories have really caught my attention. Why is that so big for HPE's revenue?
00:53 Antonio Neri
Well, good morning, thank you Brian and for welcoming me. What a great week for us here on our website. I'm standing here on the show floor. It is the seven acres of technology on display. And after a wonderful day yesterday, I gave a keynote speech. But right up to your point, yesterday we made many very strategic announcements. One of them was clearly an expansion of the AI factory Nvidia. We will continue to have an incredible partnership with Nvidia and expand our sovereign solutions. Obviously, continuous CAPEX investment in service providers and model builders. And the Enterprise. And here we have over 12,000 customers visiting us this week. And they are all interesting to accelerate their journey to AI. And it shows that you are very interested in you. And it's with nvidia, we have a co-architect.
02:50 Brian Sotzi
Antonio, um, I'm going to post a key bank today with a good report. They investigated many CIOs who are purchasing technology. Well, they're focusing on the slowest IT growth outlook since 2020. How is it starting to take shape in your business?
03:20 Antonio Neri
Well, look, we don't see the slowdown that it is spent. Well, if you actually follow the final few quarters of continuous revenue growth, you know that momentum is across all business lines. Deploying AI requires more networking to continue your journey into a hybrid cloud experience across your enterprise. So networking is clearly recovering in the market. And we see it in the growth of our command, and now in our income. Well, Green Lake has been extremely successful in becoming that bridge to provide a hybrid experience. And we continue to grow at an average of 35-45%. And this week we announced our agent approach to Greenlake Cloud. And what's very interesting is using GreenLake as intelligence. This means that it can bring an army of AI agents of type of ability. Therefore, these actions can be performed by AI. So, honestly, I've never seen it, but there's clearly a lot of uncertainty in the market. There is always a geopolitical tension, but I think we are the best mind for businesses.
05:38 Brian Sotzi
And Tony, before we let you go, and I know you're a busy guy at this meeting, uh, July 9th is a junior trial. Do you assign a probability to this? I don't think this trial actually happened. Can the government withdraw that lawsuit and fight Cisco in this market?
06:12 Antonio Neri
Well, look, everything is possible. We are continuing to work on settlement work like remedial, but the fact in question is that we are very close to trial. In our view, we believe this is competitive and we think it's a good thing for businesses. Remember, we don't support consumers. And ultimately, I believe we will win in court if we have to go all the way there.
07:02 Brian Sotzi
Okay, we'll leave it there, Antonio Neri. As always, I'm happy to meet you. It's good to see the HP stock symbols behind you at a meeting. I'm digging it. Make something black for me in Las Vegas. I'll talk about it soon.
07:18 Antonio Neri
I'll do it. thank you.
