Hewlett Packard Enterprise (HPE) Misses Q2 EPS by 1c; Issues Mixed Outlook

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Go back to Hewlett Packard Enterprise (HPE) Misses Q2 EPS by 1c; Issues Mixed Outlook

HPE Reports Fiscal 2017 Second Quarter Results

May 31, 2017 4:05 PM EDT

Combined net revenue of $9.9 billion includes $7.4 billion from continuing operations (Enterprise Group, HPE Financial Services and Software) and $2.5 billion associated with discontinued operations (two months of Enterprise Services)Future HPE (excludes Enterprise Services and Software) revenue was up 1% year-over-year, excluding Tier-1 server sales and when adjusted for divestitures and currencySecond quarter GAAP diluted net loss per share of ($0.37), below the previously provided outlook of ($0.07) to ($0.03) per share, due to spin-merger related, non-cash tax valuation allowances and divestiture taxesSecond quarter non-GAAP diluted net earnings per share of $0.35, within the previously provided outlook of $0.33 to $0.37 per... More