Hewlett Packard Enterprise

At its HPE Discover conference, the company also introduced Silicon on-Demand offering and new cloud services for healthcare, financial services and other industries.

“We’re starting to see the recovery in demand in IT spend. We see signs of stabilization in the core business.”

The company said it was already building a “state-of-the-art” new campus in Houston but will keep its technology innovation hub in San Jose.

As cost-cutting measures appear to be bearing fruit, the company also has "gained momentum in key areas," CEO Antonio Neri said.

The company has put together a $2 billion series of financing programs to help tide cash-strapped customers over during the pandemic.

The newly released HPE Container Platform supports virtualized infrastructure too, but the company claims bare metal is more efficient.

Fiscal Q1 sales were 8 percent down, marking the fifth consecutive quarter of year-over-year sales declines.