Hewlett Packard Enterprise Co. has reported a strong performance in the fourth quarter of its fiscal year, with revenue increasing by 15% to $8.46 billion, surpassing analysts' expectations of $8.26 billion.

The increase in sales is largely due to the growing demand for servers that are specifically designed to support artificial intelligence applications.

In terms of profitability, the company's earnings per share, excluding certain items, were 58 cents, which also exceeded the average forecast of 56 cents by Wall Street analysts.

This impressive financial performance highlights HPE's strategic positioning in the expanding AI market and its ability to take advantage of the increasing need for advanced computing infrastructure.