HPE's acquisition of Juniper Networks fuels triple-digit growth in networking business

HPE's networking business revenue reached $2.7 billion, up 151.5% from the prior year, largely due to the acquisition. Quote: "Networking was HPE’s fastest-growing business in the quarter, with revenues in the segment reaching $2.7 billion, up 151.5% from the prior year." Routing contributed $780 million to the networking segment's revenue. Quote: "routing contributed $780 million, compared with $1 million in the prior-year period, reflecting the addition of Juniper's routing portfolio." The acquisition significantly expanded HPE’s presence in routing and data center networking. Quote: "which significantly expanded HPE’s presence in routing and data center networking." The integration of Juniper Networks is performing largely according to plan. Quote: "The integration of Juniper Networks is clearly coming together effectively and smoothly,” Westfall said. “That should counter much of the skepticism we saw earlier about the acquisition. The networking numbers really highlight the strategy behind the Juniper deal. When you see that segment jump more than 150% year over year, it shows the acquisition is performing largely according to plan." HPE is a Houston-based infrastructure vendor. Quote: "The Houston-based infrastructure vendor reported $9.3 billion in revenue for the quarter ended January 31, an 18% year-over-year increase."