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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
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