May 30 (Reuters) - Hewlett Packard Enterprise Co (HPE.N) missed Wall Street estimates for second-quarter revenue on Tuesday, as clients scale down spending on tech, including cloud services, amid an economic slowdown.
For some of the largest tech companies, cloud services and data center businesses have been among the biggest growth drivers, including during the pandemic as people worked from home.
Its revenue for the quarter ended April 30 was $6.97 billion, compared with analysts' average expectations of $7.31 billion, according to Refinitiv data.
Quarterly sales for the company's compute segment fell 8%, while the storage segment recorded a 3% decline.
Hewlett Packard expects revenue for the third quarter to be between $6.7 billion and $7.2 billion.
Persons:
Hewlett Packard, Tiyashi Datta, Shilpi Majumdar
Organizations:
Hewlett Packard Enterprise Co, Microsoft Corp, Amazon.com Inc, Oracle Corp, Thomson
Locations:
Texas, Aruba, Bengaluru