Tarek's financial presentation capped off a two-hour virtual presentation with CEO Antonio Neri and key executives such as Keith White, who runs HPE's GreenLake as-a-service platform.
Neri is on a mission to move HPE from selling bits and pieces of software and hardware across the IT stack to being "an as-a-service company." Revenue from GreenLake and other as-a-service said Robbiati, is expected to rise from $900 million in revenue this year to $2.1 billion in 2023, a compounded annual growth rate of roughy 35%.
That compares to total company revenue that is expected to rise by 1% to 3% for the next few years, said Robbiati.
Morevoer, Robbiati reiterated a projection for the annualized recurring revenue, or ARR, component of that as-a-service revenue, to rise faster than the total, by 30% to 40%, consistent with a forecast offered last year.