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Jul 31, 2023
Hewlett Packard Enterprise Q3 2023 Earnings Report
Edge momentum and portfolio mix shift drove revenue growth and gross margin expansion.
Key Takeaways
Hewlett Packard Enterprise (HPE) reported solid Q3 2023 results, driven by strong performances in Intelligent Edge and HPE GreenLake. Revenue increased by 1% year-over-year to $7.0 billion, and non-GAAP diluted net EPS was $0.49, above the guidance range.
Revenue was $7.0 billion, up 1% year-over-year.
ARR was $1.3 billion, up 48% year-over-year.
GAAP EPS was $0.35, up 13% year-over-year.
Free cash flow was $955 million, up $368 million year-over-year.
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
HPE estimates Q4 fiscal 2023 revenue to be in the range of $7.2 billion to $7.5 billion. HPE estimates GAAP diluted net EPS to be in the range of $0.36 to $0.40 and non-GAAP diluted net EPS to be in the range of $0.48 to $0.52.
Positive Outlook
- Estimates Q4 fiscal 2023 revenue to be in the range of $7.2 billion to $7.5 billion
- Estimates fiscal 2023 revenue growth to be in the range of 4% to 6% in constant currency
- Reiterates our 2022 HPE Securities Analyst Meeting ARR guidance of 35% to 45% Compounded Annual Growth Rate from fiscal 2022 to fiscal 2025
- Estimates Q4 fiscal 2023 GAAP diluted net EPS to be in the range of $0.36 to $0.40 and non-GAAP diluted net EPS to be in the range of $0.48 to $0.52
- Reiterates fiscal 2023 GAAP diluted net EPS to be in the range of $1.42 to $1.46 and raises non-GAAP diluted net EPS guidance to be in the range of $2.11 to $2.15
Revenue & Expenses
Visualization of income flow from segment revenue to net income