Shares of Hewlett Packard Enterprise Co. /zigman2/quotes/201998588/composite HPE +0.71% rose 1.0% in afternoon trading Thursday, after the information technology company provided an upbeat earnings outlook for next year, and raised its longer-term revenue growth outlook. The company said it expects 2022 adjusted earnings per share of $1.96 to $2.10, compared with the FactSet EPS consensus of $1.97. The company also said it expects to buy back at least $500 million worth of its stock in 2022, and pay out about $625 million in dividends. Chief Executive Antonio Neri said at the company's virtual securities analyst meeting that there are three distinct trends that have gained traction as the world recovers from the COVID-19 pandemic: 1) explosion of data at the edge which requires secure connectivity; 2) the mandate for a cloud-everywhere experience; and 3) the need to quickly extract value from data to generate insights and build new business models. The company raised its compound annual growth rate for revenue, for 2022 through 2024, to 2% to 4% from 1% to 3%. The stock has run up 24.3% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.31% has gained 22.1%.