Hewlett Packard Enterprise Q1 2020 Earnings Report
Key Takeaways
Hewlett Packard Enterprise reported Q1 2020 results with a revenue of $6.9 billion. The company's ARR grew by 19% and saw profitable growth in key areas of investment, including Intelligent Edge.
Revenue was $6.9 billion with growth in areas of investment, including Intelligent Edge and as-a-Service offerings.
Annualized revenue run-rate (ARR) was $511 million, up 19% from the prior-year period.
GAAP gross margin was 32.8%, up 170 basis points from the prior-year period and Non-GAAP gross margin was 33.2%, up 210 basis points from the prior-year period.
GAAP diluted net earnings per share was $0.25 and Non-GAAP of $0.44, up 5% from the prior-year period.
Hewlett Packard Enterprise
Hewlett Packard Enterprise
Hewlett Packard Enterprise Revenue by Segment
Forward Guidance
Hewlett Packard Enterprise maintains GAAP diluted net EPS outlook of $1.01 to $1.17 and non-GAAP diluted net EPS outlook of $1.78 to $1.94. Revises free cash flow outlook range from $1.9 to $2.1 billion to $1.6 to $1.8 billion.
Positive Outlook
- Maintains GAAP diluted net EPS outlook of $1.01 to $1.17
- Maintains non-GAAP diluted net EPS outlook of $1.78 to $1.94
Challenges Ahead
- Revises free cash flow outlook range from $1.9 to $2.1 billion to $1.6 to $1.8 billion to account for current supply chain disruption impacting short-term cash conversion cycles.
Revenue & Expenses
Visualization of income flow from segment revenue to net income