HPE Q2 revenue $7.0B, EPS $0.52; raises full-year EPS guidance; H3C sale $3.5B progressing

Hewlett Packard Enterprise Co

2023-Q2 EPS reported $0.70 revenue$14,782,000,000

Revenue $7.0B (+4% YoY, +9% CC); GAAP EPS $0.32 (+68%); non-GAAP EPS $0.52 (+18%), at top of guidance range.
ARR reached $1.1B (+35% YoY); Intelligent Edge revenue $1.3B (+50%) with 26.9% op margin.
Raises FY2023 non-GAAP EPS to $2.06-$2.14 (from prior); Q3 revenue guidance $6.7-$7.2B.
Dividend $0.12/share payable July 14, record June 15; H3C sale for $3.5B cash, closing in 6-12 months.
Free cash flow guidance reiterated $1.9-$2.1B; returning ~60% of FCF to shareholders via dividends and buybacks.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hewlett Packard Enterprise Co reported fiscal 2023 second quarter ended April 30, 2023 results: revenue $7.0 billion, EPS $0.32. Guidance raised.

Period: fiscal 2023 second quarter ended April 30, 2023
Revenue: $7.0 billion
EPS: $0.32
Guidance: raised
Result: reported results

Exact text from the filing

• Revenue : $7.0 billion, up 4% from the prior-year period and 9% in constant currency (1) • Annualized revenue run-rate (“ARR”) (2) : $1.1 billion, up 35% from the prior-year period and 38% in constant currency (1) • Gross margins : ◦ GAAP of 36.0%, an all-time record for the company, up 360 basis points from the prior-year period and up 200 basis points sequentially ◦ Non-GAAP of 36.2%, also an all-time record, up 200 basis points from the prior-year period and sequentially • Diluted net earnings per share (“EPS”) : ◦ GAAP of $0.32, up 68% from the prior-year period and down 16% sequentially, above the midpoint of our guidance range of $0.27 to $0.35 ◦ Non-GAAP of $0.52, up 18% from the prior-year period and down 17% sequentially, at the top of our guidance range of $0.44-$0.52

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Source: SEC EDGAR

accession 0001645590-23-000054

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