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HPE to shut down its cloud server business

October 20, 2017

Via: iCLOUD.pe
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Hewlett Packard Enterprise (HPE) is shutting down its cloud server business as it’s no longer profitable and sustainable for the company.

Over the last few years, HPE was supplying low cost cloud servers to large cloud companies like Microsoft and Google. According to industry experts, these large companies negotiate and get large discounts, and this means, HPE is left with little to no profits. But at least, HPE was covering its costs and this segment continued operating.

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