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Apr 30, 2020
Hewlett Packard Enterprise Q2 2020 Earnings Report
HPE's financial performance was impacted by global economic lockdowns, but showed strategic momentum in as-a-service offerings and intelligent edge business.
Key Takeaways
Hewlett Packard Enterprise (HPE) reported Q2 2020 financial results, with a revenue of $6.0 billion. The company's performance was impacted by global economic lockdowns, but it gained traction in its as-a-service offering, HPE GreenLake, and saw growth in its Intelligent Edge business. The HPE Board of Directors approved a Cost Optimization and Prioritization Plan to prioritize investments and realign resources to areas of growth.
Revenue was $6.0 billion with momentum in strategy to pivot to as a service.
Annualized revenue run-rate (ARR) was $520 million, up 17% from the prior-year period.
GAAP gross profit margin was 31.9%, down 30 basis points from the prior-year period.
Non-GAAP diluted net EPS was $0.22, compared to $0.42 from the prior-year period.
Revenue by Segment
Forward Guidance
HPE withdrew fiscal year 2020 guidance due to increased uncertainty related to the COVID-19 pandemic and will not be providing fiscal year 2020 third quarter or full year guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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