Loading...
•
Jul 31, 2024
Hewlett Packard Enterprise Q3 2024 Earnings Report
Reported strong revenue growth driven by AI demand and improved profitability.
Key Takeaways
Hewlett Packard Enterprise reported a strong third quarter with revenue up 10% year-over-year, driven by AI system conversion. The company also improved profitability and raised EPS guidance for the year.
Revenue increased by 10% year-over-year.
ARR grew by 35% year-over-year.
GAAP EPS was $0.38, up 9% year-over-year.
Non-GAAP EPS was $0.50, up 2% year-over-year.
Hewlett Packard Enterprise
Hewlett Packard Enterprise
Hewlett Packard Enterprise Revenue by Segment
Revenue by Segment
Server Revenue
CapyFin.comHybrid Cloud Revenue
CapyFin.comIntelligent Edge Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com Forward Guidance
HPE estimates revenue to be in the range of $8.1 billion to $8.4 billion. HPE estimates GAAP diluted net EPS to be in the range of $0.76 to $0.81 and non-GAAP diluted net EPS to be in the range of $0.52 to $0.57.
Positive Outlook
- Revenue expected to be between $8.1 billion and $8.4 billion.
- GAAP diluted net EPS to be in the range of $0.76 to $0.81.
- Non-GAAP diluted net EPS to be in the range of $0.52 to $0.57.
- Expects to capture share of the growing AI infrastructure market.
- Continuing benefit of cost management efforts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income