Hewlett Packard Enterprise (HPE) Reports In-Line Q2 EPS; Adds $3B to Stock Buyback Authorization
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Go back to Hewlett Packard Enterprise (HPE) Reports In-Line Q2 EPS; Adds $3B to Stock Buyback Authorization
May 24, 2016 4:06 PM EDT
PALO ALTO, CA -- (Marketwired) -- 05/24/16 --
Hewlett Packard Enterprise (NYSE: HPE)
HPE businesses grow revenue over prior-year period for the first time in five years
Cash flow from operations of $1.1 billion, up 101% from adjusted cash flow from operations in the prior-year period
Second quarter net revenue of $12.7 billion, up 1% from the prior-year period and up 5% on a constant currency basis
Second quarter non-GAAP diluted net earnings per share of $0.42, near the high end of the previously provided outlook of $0.39 to $0.43 per share
Second quarter GAAP diluted net...
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May 24, 2016 4:05 PM EDT
PALO ALTO, CA -- (Marketwired) -- 05/24/16 --
Hewlett Packard Enterprise (NYSE: HPE)
Transaction will deliver HPE shareholders approximately $8.5 billion in expected after-tax value in stock-for-stock exchange;
Merger of two businesses expected to produce first-year cost synergies of approximately $1 billion post-close, with run rate of $1.5 billion by end of year one;
HPE shareholders will own approximately 50 percent of new combined company;
Agreements between HPE and the new company will maintain focus on serving current customers and growing new business opportunities over time;
Mike Lawrie to...
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