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Jul 31, 2021
Hewlett Packard Enterprise Q3 2021 Earnings Report
Q3 marked by strong orders, profitability and free cash flow. FY21 EPS and FCF outlook raised; share repurchases reinstated.
Key Takeaways
Hewlett Packard Enterprise reported a strong Q3 performance with impressive order growth, expanded margins, and record free cash flow. The company's edge-to-cloud strategy is driving improved momentum across its businesses. Full-year guidance raised to reflect continued momentum in demand and strong execution.
Orders: Strengthening demand accelerates growth, up strong double-digits from the prior-year period and year-to-date up 11% from the prior-year period
Revenue: $6.9 billion, up 3% sequentially and in-line with Q3 outlook of normal sequential seasonality; up 1% from the prior-year period
Annualized revenue run-rate (ARR): $705 million, up 33% from the prior-year period
Non-GAAP of $0.47, up 31% from the prior-year period and above the previously provided outlook of $0.38 to $0.44 per share
Hewlett Packard Enterprise
Hewlett Packard Enterprise
Hewlett Packard Enterprise Revenue by Segment
Revenue by Segment
Intelligent Edge Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com Forward Guidance
Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of $0.14 to $0.22 and non-GAAP diluted net EPS to be in the range of $0.44 to $0.52 for the fourth quarter of fiscal year 2021. Raises free cash flow guidance to $1.5 to $1.7 billion for fiscal year 2021.
Positive Outlook
- Estimates GAAP diluted net EPS to be in the range of $0.14 to $0.22 for Q4 2021
- Estimates non-GAAP diluted net EPS to be in the range of $0.44 to $0.52 for Q4 2021
- Raises GAAP diluted net EPS outlook to $0.80 to $0.88 for fiscal 2021
- Raises non-GAAP diluted net EPS outlook to $1.88 to $1.96 for fiscal 2021
- Raises free cash flow guidance to $1.5 to $1.7 billion for fiscal 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income