8-K
filed March 2, 2023, 6:59 PM ET
ticker HPE
CIK 0001645590
earnings
confidence high
sentiment positive
materiality 0.80
HPE reports record Q1 revenue $7.8B, raises FY23 guidance; acquires Axis Security
Hewlett Packard Enterprise Co
2023-Q1 EPS reported
$0.38
revenue$7,809,000,000
- Q1 revenue $7.8B, up 12% YoY (18% constant currency), a Q1 record since 2016.
- GAAP EPS $0.38 (down 3% YoY); non-GAAP EPS $0.63 (up 19% YoY), above guidance.
- ARR exceeded $1B for first time, up 26% YoY (31% constant currency).
- Raised FY2023 non-GAAP EPS guidance to $2.02-$2.10; revenue growth 5-7% constant currency.
- Acquired Axis Security (SSE provider) to enhance Aruba SASE offering; expected close by end of Q2 FY2023.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Hewlett Packard Enterprise Co reported fiscal quarter ended January 31, 2023 results: revenue $7.8 billion, EPS GAAP of $0.38, non-GAAP of $0.63.
- Period
- fiscal quarter ended January 31, 2023
- Revenue
- $7.8 billion
- EPS
- GAAP of $0.38, non-GAAP of $0.63
- Result
- reported results
Exact text from the filing
First Quarter Fiscal 2023 Financial Results: • Revenue of $7.8 billion was up 12% and up 18% adjusted for currency (1) from the prior-year period, above our Q1 guidance. Revenue was the highest first-quarter performance for the company since 2016 • Annualized revenue run-rate (“ARR”) (2) for the first time exceeded $1 billion and was up 26% and up 31% adjusted for currency (1) from the prior-year period • Gross margins: ◦ GAAP of 34.0% was up 30 basis points from the prior-year period and up 110 basis points sequentially ◦ Non-GAAP of 34.2% established a Q1 record and was up 30 basis points from the prior-year period and up 110 basis points sequentially • Diluted net earnings per share (“EPS”) : ◦ GAAP of $0.38 was down 3% from the prior-year period and up 265% sequentially ◦ Non-GAAP of $0.63 was up 19% from the prior-year period and up 11% sequentially, exceeding our guidance range of $0.50-$0.58 and marking a quarterly record for the company
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Hewlett Packard Enterprise Co reported fiscal year 2023 results: revenue Q2 fiscal 2023 revenue: $7.1 billion to $7.5 billion; fiscal 2023 revenue growth estimate: 5%-7% adjusted for currency, EPS GAAP diluted net EPS $1.40-$1.48, non-GAAP diluted net EPS $2.02-$2.10. Guidance raised.
- Period
- fiscal year 2023
- Revenue
- Q2 fiscal 2023 revenue: $7.1 billion to $7.5 billion; fiscal 2023 revenue growth estimate: 5%-7% adjusted for currency
- EPS
- GAAP diluted net EPS $1.40-$1.48, non-GAAP diluted net EPS $2.02-$2.10
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Outlook: • Revenue: Estimates Q2 fiscal 2023 revenue to be in the range of $7.1 billion to $7.5 billion, and raises fiscal 2023 revenue growth estimate to be in the range of 5%-7% adjusted for currency (1) • ARR (2) : Reiterates our 2022 HPE Securities Analyst Meeting ARR guidance of 35%-45% Compounded Annual Growth Rate from fiscal 2022 to fiscal 2025 • Diluted net EPS : ◦ Estimates Q2 fiscal 2023 GAAP diluted net EPS to be in the range of $0.27 to $0.35 and non-GAAP diluted net EPS to be in the range of $0.44 to $0.52 ◦ Raises guidance of fiscal 2023 GAAP diluted net EPS to be in the range of $1.40 to $1.48 and non-GAAP diluted net EPS to be in the range of $2.02 to $2.10 • Free cash flow (3)(4) : Reiterates guidance of $1.9 billion to $2.1 billion
View on SEC.gov
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