Hewlett Packard Enterprise (HPE) Tops Q1 EPS by 7c, Raises FY EPS Guidance
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HPE Delivers Q1 Results & Raises FY19 EPS Outlook
February 21, 2019 4:05 PM ESTQ1 2019 Financial Highlights:
Revenue: $7.6 billion in line with guidance Operating Profit: GAAP $456 million, up 100% from the prior-year period; non-GAAP $669 million, up 19% from the prior-year period driven by improved gross margins and cost reductions from HPE Next Earnings Per Share: GAAP $0.13, down 86% from the prior-year period EPS from continuing operations due primarily to one-time, non-cash adjustments related to U.S. tax reform; non-GAAP $0.42, up 31% from the prior-year period and above the previously provided outlook of $0.33 to $0.37 per share Cash Flow from Operations: $382 million, up 169% from $142 million in the prior-year period Free Cash Flow:... More