Hewlett Packard Enterprise $HPE posted stronger-than-anticipated results for its fiscal second quarter. The Texas-based technology firm reported 7.63 billion USD in revenue, marking a 6% increase year-over-year. This exceeded the analyst consensus of 7.46 billion USD, driven by broad demand across its enterprise solutions portfolio.

Recent financial results from Alibaba Group Holding Ltd. $BABA for the March quarter revealed both positive and negative aspects, raising further questions about the technology giant's future strategy. The company's revenue grew by 7% compared to the same period last year, yet this growth fell short of analysts' expectations, casting a shadow on investor optimism regarding its stock and the overall state of the Chinese consumer market.