Hewlett Packard Enterprise (HPE) Tops Q2 EPS by 3c, Offers Guidance

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Hewlett Packard Enterprise reports fiscal 2023 second quarter results

May 30, 2023 4:05 PM EDT

Portfolio mix shift drives revenue, margin and ARR growth; raising operating profit and EPS guidance for the full year

Second Quarter Fiscal 2023 Financial Results

Revenue: $7.0 billion, up 4% from the prior-year period and 9% in constant currency(1) Annualized revenue run-rate (ARR)(2): $1.1 billion, up 35% from the prior-year period and 38% in constant currency(1) Gross margins: GAAP of 36.0%, an all-time record for the company, up 360 basis points from the prior-year period and up 200 basis points sequentially Non-GAAP of 36.2%, also an all-time record, up 200 basis points from the prior-year... More