Subscribe to Entrepreneur for $5

Hewlett Packard's (HPE) GreenLake Selected by Barclays

Hewlett Packard's (HPE) GreenLake selected by Britain's major global financial services provider - Barclays - to deliver its global private cloud platform.

This story originally appeared on Zacks

Hewlett Packard Enterprise HPE recently announced that the British universal bank, Barclays, selected its edge-to-cloud platform, GreenLake, to deliver its global private cloud platform.

- Zacks

Per the agreement, HPE’s GreenLake will enhance the personalized banking experience for Barclays’ customers while hosting more than 100,000 workloads that include virtual desktop infrastructure (“VDI”), SQL databases, Windows server and Linux. This, in turn, will accelerate digital transformation across Barclays’ global businesses.

Founded in 1690, Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management. It moves, lends, invests and protects money for 48 million customers and clients worldwide.

With HPE GreenLake Central’s fast and efficient hybrid cloud services, Barclays will be able to better manage costs, utilization, compliance, and security across the entire private cloud platform.

HPE’s Pointnext Services will transform the bank’s legacy infrastructure into private cloud partnering with Barclays’ team. This will ensure automation-driven infrastructure optimization along with constant uptime, regular patching and updates.

HPE GreenLake offers customers better visibility into resource utilization across co-located and public cloud-based workloads. The services ensure the administration of applications and data. The edge-to-cloud platform added more than 300 new customers in the last quarter, taking the total customer count to more than 1250.

HPE has recently signed multiple agreements with enterprises outside the United States for its GreenLake brand’s offerings. During the fourth quarter, the platform-as-a-service company reported that 67% of its total revenues came from outside the United States.

Recently, in November, Ficomirrors, a global automotive supplier to automakers worldwide, selected HPE GreenLake to improve production efficiency and power a flexible manufacturing system. In October, CARDNET, Japan’s leading credit card payment network, selected the edge-to-cloud platform to deliver a robust, agile cloud service and support the growing demand for digital payment and settlement services in the country.

In the same month, Ireland-based global airports and travel retail group, daa, selected HPE’s GreenLake to power its mission-critical operational services amid the pandemic induced turmoil.

In September, South Korea-based SK Inc. C&C selected GreenLake to transform an internal VDI system into a new cloud service. Prior to that, HPE signed a $2-billion contract with the National Security Agency to deliver high-performance computing technology services through GreenLake.

Previously in August, HPE collaborated with the largest Australian container terminal operator, Patrick Terminals, to power the sea operator’s IT infrastructure through GreenLake.

Zacks Rank & Other Stocks to Consider

HPE currently sports a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks in the broader technology sector are Arrow Electronics ARW, which sports a Zacks Rank #1, while Advanced Micro Devices AMD and Qualcomm QCOM both carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Arrow’s Zacks Consensus Estimate for fourth-quarter fiscal 2021 earnings has been raised to $4.42 per share from $3.85 in the past 60 days. For fiscal 2021, earnings estimates have moved north by 8.1% to $14.6 per share over the past 60 days.

Arrow beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 18.6%. Shares of ARW have appreciated 28% year-to-date (“YTD”).

The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 60 days. For 2021, earnings estimates have moved north by 0.38% to $2.65 per share in the last seven days.

Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 51.3% in the YTD period.

The consensus mark for Qualcomm’s first-quarter fiscal 2022 earnings has been raised to $3.01 per share from $3 in the past 30 days. For fiscal 2022, earnings estimates have been revised upward by 1.5% to $10.49 per share in the past 30 days.

Qualcomm’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.2%. Shares of QCOM have gained 17.5% YTD.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report


QUALCOMM Incorporated (QCOM): Free Stock Analysis Report


Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report


Arrow Electronics, Inc. (ARW): Free Stock Analysis Report


Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report


To read this article on click here.


Zacks Investment Research