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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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