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flag HPE reports Q1 revenue rise but lowers guidance, leading to stock drop and 2,500 job cuts.

flag Hewlett Packard Enterprise (HPE) reported a 16% revenue increase in its fiscal first quarter but issued lower-than-expected guidance for the second quarter and full year, causing its stock to drop significantly. flag The company plans to cut 2,500 jobs, or 5% of its workforce, and expects to achieve $350 million in gross savings by fiscal 2027. flag HPE also faces challenges from tariffs and market discounting, impacting its outlook.

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