HPE’s GreenLake to optimize Auckland’s public transport system

Hewlett-Packard Enterprise Company HPE recently announced that Auckland Transport has selected its edge-to-cloud platform, GreenLake, to make roads safer and a more efficient public transport system in New Zealand’s largest city.

Hewlett Packard Enterprise’s edge-to-cloud GreenLake platform will provide an AI-enabled video feed that will help Auckland Transport optimize transportation routes, promote public transportation, and support decision-making for law enforcement. order.

Hewlett Packard Enterprise revealed that Auckland Transport used the technology and incurred heavy costs due to outsourced maintenance and management of the platform. Additionally, the system was complex, difficult to upgrade, and was approaching its end of life.

HPE’s GreenLake offered the agency a cost-effective system that would improve productivity and automation. The new platform will also help Auckland Transport encourage people to use public transport in the city, which has been severely disrupted during the pandemic.

Auckland Transport has now migrated its video management system to the Qumulo file data platform on an HPE Apollo 4200 Gen10 server running on the HPE GreenLake platform. This move resulted in a 41% reduction in rack space to 40 units in two racks from 68 units in three racks. This change also resulted in a 37% decrease in power consumption and a reduction in power and cooling costs.

Additionally, this transition allows Auckland Transport to avoid upfront IT costs and only charge for the resources it uses. The platform comes with a unique dashboard that provides real-time reports on transport flows, consumption and congestion rates, and compute and storage trends, enhancing analytics capabilities to better manage the public transport system and ensure the safety of people.

Additionally, the new solution allows the agency to increase the use of its cameras, which will help parking officers do their job more effectively and efficiently.

Hewlett Packard Enterprise Company Pricing and Consensus

Hewlett Packard Enterprise Company price consensus chart | Quote from Hewlett Packard Enterprise

Growing adoption of HPE GreenLake

HPE GreenLake provides customers with better visibility into resource utilization across co-located and public cloud-based workloads. Services provide administration of applications and data. The edge-to-cloud platform added more than 100 new customers in the last quarter, bringing the total number of customers to more than 1,350.

Hewlett Packard Enterprise recently signed several agreements with companies outside the United States for its GreenLake brand offerings. Last month, Japanese payment brand JCB Co. Ltd. chose HPE’s edge-to-cloud platform, GreenLake, to enhance customer engagement on the MyJCB platform with the launch of new personalized customer services.

In January, India-based Steel Authority of India Limited selected the platform for its central marketing organization to accelerate digital transformation and reduce its environmental footprint through an innovative on-premises cloud with spare capacity on demand.

In January, German football club SV Werder Bremen selected the company’s Ezmeral software analytics and data lakehouse solution, available on the HPE GreenLake platform, to improve analytics intelligence and fan experience through digital transformation. In a separate agreement, GreenLake was selected by renowned security and compliance solutions provider, JJ Keller & Associates, for digitization.

In December 2021, NTT Business Solutions, a member company of Japan’s leading network and system integrator, selected HPE GreenLake to provide its growing “Regional Revitalization Cloud” and provide hybrid cloud service to local governments, institutions education and businesses in western Japan. In a separate agreement, Barclays has chosen GreenLake to provide its global private cloud platform.

Zacks Ranking and Other Stocks to Consider

HPE currently carries a Zacks Rank #2 (Buy). You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some other similarly ranked stocks from the broader tech sector include Jabil JBL, Broadcom AVGO and Apple AAPL.

Zacks’ consensus estimate for Jabil’s third-quarter fiscal 2022 earnings was revised up to $1.62 per share from $1.46 30 days ago. For fiscal 2022, earnings estimates were revised up 67 cents to $7.25 per share in the past 30 days.

Jabil’s earnings have exceeded the Zacks consensus estimate in the previous four quarters, with the average surprise being 13.5%. Shares of JBL are up 6.8% over the past 12 months.

Zacks’ consensus estimate for Broadcom’s second-quarter fiscal 2022 earnings has been revised up 10.2% to $8.64 per share in the past 60 days. For fiscal 2022, earnings estimates rose 22 cents to $35.49 per share in the past 30 days.

Broadcom’s earnings have exceeded the Zacks consensus estimate in the previous four quarters, with the average surprise being 1.9%. AVGO shares are up 24% over the past year.

Zacks’ consensus estimate for Apple’s second-quarter fiscal 2022 earnings has been revised up seven cents to $1.43 per share over the past 90 days. For fiscal 2022, earnings estimates rose a penny to $6.16 per share in the past 60 days.

Apple’s earnings have exceeded Zacks’ consensus estimate three times in the previous four quarters while hitting the same result on one occasion, with the average surprise being 20.3%. AAPL stock is up 31.9% over the past 12 months.

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