Hewlett Packard Enterprise Q4 2020 Earnings Report
Key Takeaways
Hewlett Packard Enterprise reported a strong rebound in revenue for Q4 2020, reaching $7.2 billion, which is flat compared to the prior-year period. The company's GAAP EPS was $0.12, and non-GAAP EPS was $0.37, both exceeding previously provided outlooks. The company is raising its FY21 EPS guidance based on the strong finish to FY20.
Revenue reached $7.2 billion, flat year-over-year but up 6% from the prior quarter.
HPC & MCS revenue increased by 25% year-over-year to $975 million.
Intelligent Edge revenue grew by 6% year-over-year to $786 million.
ARR reached $585 million, up 30% year-over-year.
Hewlett Packard Enterprise
Hewlett Packard Enterprise
Hewlett Packard Enterprise Revenue by Segment
Forward Guidance
Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of $0.02 to $0.06 and non-GAAP diluted net EPS to be in the range of $0.40 to $0.44 for fiscal 2021 first quarter. Raises GAAP diluted net earnings per share outlook to $0.38 to $0.56 and non-GAAP diluted net earnings per share outlook to $1.60 to $1.78 for fiscal 2021. Reiterates free cash flow guidance of $0.9 to $1.1 billion for fiscal 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income