HP is leading the cloud infrastructure market for switches, servers and storage with a 15.7 percent share and a 37.4 percent increase in quarterly revenues over the same period last year.
Research firm IDC said that growth in cloud infrastructure spend is outdoing growth in the overall infrastructure market thanks to modern practices and a wider range of services.
The market has grown by 25 percent year over year and is now worth $6.3bn in terms of first-quarter revenues. HP claims around $950m of this sum.
"Cloud IT infrastructure growth continues to outpace the growth of the overall IT infrastructure market, driven by the transition of workloads onto cloud-based platforms," said Kuba Stolarski, research manager for server, virtualisation and workload research at IDC.
"Private and public cloud infrastructures have been growing at a similar pace, suggesting that customers are open to a broad array of hybrid deployment scenarios as they modernise their IT for the third platform, begin to deploy next-gen software solutions, and embrace modern management processes that enable agile, flexible and extensible cloud platforms."
HP is not the only firm benefitting from an increased interest in the cloud market. Dell, Cisco and EMC in second, third and fourth places respectively, are also seeing rising revenues, according to IDC's Worldwide Quarterly Cloud IT Infrastructure Tracker.
The report said that spending on cloud systems accounts for 30 percent of all IT infrastructure spend, and that the 25.5 percent increase in sales over the quarter dwarves the 6.1 percent seen in the non-cloud market.
Dell has a 12 percent market share and saw 34 percent revenue growth to $745m. Cisco has a 9.3 share of the market, seeing a 30 percent increase in quarterly revenues to $447m.
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