Storage had a great quarter, particularly on our own IP product. That’s all software defined, and that’s all subscription-based. And what excites Tarek and me is the fact that in 2023, you’re going to see an acceleration of that portfolio to HPE Alletra, which — HPE Alletra had 100% growth sequential. And obviously, that comes also with an incredible attach of Pointnext OS. And also, as we drive that data protection strategy, the incremental value comes from backup and recovery and disaster recovery and ransomware offers. We have now those offers integrated into HPE GreenLake. And so that combination is what’s driving the mix shift to more software and services rich offers.
Operator: The next question will come from Simon Leopold with Raymond James. Please go ahead.
Simon Leopold: I wanted to see if we could dig into what you’re seeing in terms of trends for the Compute business. In particular, what’s catching my attention is after this very, very strong result for the quarter, it sounds like you’re confident in the outlook. And that stands in contrast to your biggest competitor in servers, which seems to be expecting a decline in calendar ’23. So, if you could maybe do a little bit of compare and contrast as to why you might be seeing the world differently than they are if I’m interpreting your outlook correctly?
Tarek Robbiati: Okay. Sure, Simon. So I would say, if you refer to our prime competitor, I think some of their comments are referring to the consumer side of their operation as much as referred to their enterprise side.
Simon Leopold: Yes. I’m specifically looking at servers and Compute. So…
Tarek Robbiati: Yes. I think overall, so when you look at their results, they were, I would say, not too bad, we did much better than they did. And that is a function of many steps that we have taken in Compute. So there is Gen11 being one of our key solutions now are gaining traction in the market as customers need bigger and richer configs moving forward. Our customers knew that Gen11 was coming and they held their orders firm. So, we had no orders cancellations that are meaningful throughout fiscal year ’22. And we finally got the supply that was there to be able to bring our customers to the next-generation compute environment. So, we feel very good about where we are. And to the extent that supply is there, we have a contrasting view relative to our — what our competitors are signaling with respect to their service business.
Antonio Neri: So I will add, Simon, that the demand has been enduring and steady throughout the years — throughout the four quarters in 2022. We exit the year with a significant larger order book. When I think about our differentiation, I think our Compute is differentiated because of HPE GreenLake. It’s because of the experience we provide to our Compute platform. And the fact also, if you recall, two years ago, we said we are diversifying our go-to-market as well to attack profitable growth in segments where we did not participated as much, particularly more in the commercial to mid-market space. And one of the areas we saw great growth was through our channel ecosystem. And then, you couple all of that with our pricing discipline and then you get the results of unit growth and revenue growth with amazing profitability.
So, I think we have that tailwind. What Tarek covered is all about the revenue side. But on the demand side, it comes to those factors. And I think Gen11 is another step in that direction, which actually gives us tremendous differentiation.
