HPE Q1 revenue $6.8B (-14% YoY), non-GAAP EPS $0.48 beats, ARR $1.4B (+42%)

Hewlett Packard Enterprise Co

2024-Q1 EPS reported $0.29 revenue$6,755,000,000

Revenue $6.8B (-14% YoY); GAAP EPS $0.29 (-24%), non-GAAP EPS $0.48 (-24%, high-end of guidance).
Annualized recurring revenue (ARR) $1.4B (+42% YoY); non-GAAP gross margin 36.2% (+200bps).
Segment: Server $3.4B (-23%), Intelligent Edge +3%, Hybrid Cloud -10%, Financial Services flat.
Q2 FY24 guidance: rev $6.6-7.0B, non-GAAP EPS $0.36-$0.41; FY24: rev flat to +2% CC, non-GAAP EPS $1.82-$1.92, FCF >=$1.9B.
HPE declares $0.13/share quarterly dividend, payable Apr 12, record Mar 15.

item 2.02 item 7.01 item 9.01

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 the first quarter ended January 31, 2024 results: revenue $6.8 billion, EPS GAAP of $0.29.

Period: the first quarter ended January 31, 2024
Revenue: $6.8 billion
EPS: GAAP of $0.29
Result: reported results

Exact text from the filing

we can control, and we are optimistic about delivering strong shareholder returns over the remainder of the fiscal year.” First Quarter Fiscal 2024 Financial Results • Revenue : $6.8 billion, down 14% from the prior-year period in actual dollars and in constant currency (1) • Annualized revenue run-rate (“ARR”) (2) : $1.4 billion, up 42% from the prior-year period

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Source: SEC EDGAR

accession 0001645590-24-000058

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