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Jan 31, 2022
Hewlett Packard Enterprise Q1 2022 Earnings Report
Hewlett Packard Enterprise's financial performance was marked by robust customer demand and improved profitability, driven by its edge-to-cloud strategy and portfolio innovation.
Key Takeaways
Hewlett Packard Enterprise reported Q1 2022 results with revenue of $7.0 billion, up 2% year-over-year. GAAP EPS was $0.39, and non-GAAP EPS was $0.53. The company raised its full-year EPS outlook due to strong demand and profitability.
Orders increased by 20% year-over-year, marking the third consecutive quarter of growth exceeding 20%.
As-a-Service orders increased 136% from the prior year period.
GAAP EPS was $0.39, exceeding the previously provided outlook of $0.19 to $0.27 per share.
Non-GAAP EPS was $0.53, exceeding the previously provided outlook of $0.42 to $0.50 per share.
Hewlett Packard Enterprise
Hewlett Packard Enterprise
Hewlett Packard Enterprise Revenue by Segment
Revenue by Segment
Server Revenue
CapyFin.comIntelligent Edge Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com Forward Guidance
Hewlett Packard Enterprise raised both GAAP and non-GAAP diluted net EPS to be in the range of $1.36 to $1.50 and $2.03 to $2.17, respectively. Reiterates fiscal 2022 revenue growth of 3-4% adjusted for currency and free cash flow guidance to be in the range of $1.8 to $2.0 billion.
Positive Outlook
- Estimates GAAP diluted net EPS to be in the range of $0.18 to $0.26 for Q2 2022.
- Estimates non-GAAP diluted net EPS to be in the range of $0.41 to $0.49 for Q2 2022.
- Raises GAAP diluted net EPS outlook of $1.36 to $1.50 for fiscal year 2022.
- Raises non-GAAP diluted net EPS outlook of $2.03 to $2.17 for fiscal year 2022.
- Reiterates free cash flow guidance of $1.8 to $2.0 billion for fiscal year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income