HPE Reports Q1 Results
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Hewlett Packard Enterprise (HPE) Reports In-Line Q1 EPS, Revenues Miss; Provides FY20 EPS Guidance Below Consensus
March 3, 2020 4:07 PM ESTHewlett Packard Enterprise (NYSE: HPE) reported Q1 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenue for the quarter came in at $6.9 billion versus the consensus estimate of $7.24 billion.
Q1 2020 Financial Highlights:
Revenue: $6.9 billion with growth in areas of investment, including Intelligent Edge and as-a-Service offeringsAnnualized revenue run-rate (ARR): $511 million, up 19% from the prior-year periodGross margin: GAAP of 32.8%, up 170 basis points from the prior-year period and Non-GAAP of 33.2%, up 210 basis points from the prior-year periodDiluted... More