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Hewlett Packard's (HPE) GreenLake Solution Selected by Iliane

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Hewlett Packard Enterprise (HPE - Free Report) recently announced that the French cloud services provider — Iliane — has selected HPE’s edge-to-cloud platform, GreenLake, to enhance the deployment of cloud-based solutions built for regional accounts.

The French company will enhance its existing storage solution while improving scalability and flexibility across IT and cloud offerings through this agreement.

HPE’s GreenLake solution offers customers better visibility into resource utilization across co-located and public cloud-based workloads. The services ensure the administration of applications and data. The platform will provide Iliane with budget predictability solutions and manage its expenses to meet customer demands.

The new high-performance storage solution, which features proactive audits and capacity planning services, will be offered from two new data centers in western France. With HPE GreenLake’s efficient pay-per-usage financial model, the cloud services and hosting service provider will ensure fast delivery of its resources by reducing its time to market with increased efficiency and extreme flexibility.

Recently, in March, Hewlett Packard expanded its GreenLake edge to a cloud platform to include support for Microsoft (MSFT - Free Report) Azure Stack HCI. The new integrated system comprises scalable hyper-converged infrastructure, software and services, which are delivered in enterprise customers’ data centers or in colocation facilities.

Microsoft's integrated cloud-native solution, which is delivered as a service from HPE’s GreenLake platform, not only ensures cost efficiency but also accelerates digital transformation among enterprise clients.

In the same month, HPE entered an agreement with the Japanese payment brand JCB Co. Ltd., wherein the latter selected the HPE GreenLake platform. Through this move, JCB intended to enhance its MyJCB platform while improving customer engagement with the launch of new personalized customer services.

Earlier in January, leading multi-brand tech solutions provider CDW Corporation (CDW - Free Report) selected the platform to enhance its core UK cloud suite of products called ServiceWorks.

With HPE GreenLake, CDW is able to flexibly check the alignment of cost & revenues, thereby improving its predictability, visibility and control over further investments in service solutions.

Zacks Rank & A Key Pick

Hewlett Packard, Microsoft and CDW each currently carry Zacks Rank #3 (Hold). Shares of HPE, MSFT and CDW have plunged 4.6%, 3.5% and 3.2%, respectively, in the past year.

A better-ranked stock from the broader Computer and Technology sector is Axcelis Technologies (ACLS - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Axcelis’ second-quarter fiscal 2022 earnings has been revised 3 cents northward to 99 cents per share over the past 60 days. For 2022, earnings estimates have moved 10.3% north to $4.40 per share in the past 60 days.

Axcelis' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 23.5%. Shares of ACLS have surged 36.1% in the past year.