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Oct 31, 2021

Hewlett Packard Enterprise Q4 2021 Earnings Report

Hewlett Packard Enterprise's Q4 2021 financial performance showcased strong growth and exceeded expectations, driven by the edge-to-cloud strategy.

Key Takeaways

Hewlett Packard Enterprise reported a net revenue of $7.4 billion for Q4 2021, a 2% increase year-over-year. GAAP diluted net EPS was $1.91, and non-GAAP diluted net EPS was $0.52. The company's annualized revenue run-rate (ARR) was $796 million, up 36% year-over-year, indicating strong demand for its edge-to-cloud portfolio.

Net revenue reached $7.4 billion, up 2% year-over-year.

GAAP diluted net EPS was $1.91, while non-GAAP diluted net EPS was $0.52.

Annualized revenue run-rate (ARR) increased by 36% year-over-year to $796 million.

Free cash flow was $94 million.

Total Revenue
$7.35B
Previous year: $7.21B
+2.0%
EPS
$0.52
Previous year: $0.37
+40.5%
ARR
$796M
Previous year: $585M
+36.1%
Gross Margin
32.9%
Non-GAAP Gross Margin
33%
Gross Profit
$2.42B
Previous year: $2.21B
+9.7%
Cash and Equivalents
$4B
Previous year: $4.23B
-5.6%
Free Cash Flow
$94M
Previous year: $223M
-57.8%
Total Assets
$57.7B
Previous year: $54B
+6.8%

Hewlett Packard Enterprise

Hewlett Packard Enterprise

Hewlett Packard Enterprise Revenue by Segment

Forward Guidance

HPE anticipates GAAP diluted net EPS to be in the range of $0.19 to $0.27 and non-GAAP diluted net EPS to be in the range of $0.42 to $0.50 for Q1 2022. HPE reiterates GAAP diluted net EPS outlook of $1.24 to $1.38 and non-GAAP diluted net EPS outlook of $1.96 to $2.10 for fiscal year 2022.

Positive Outlook

  • Estimates GAAP diluted net EPS to be in the range of $0.19 to $0.27 for Q1 2022.
  • Estimates non-GAAP diluted net EPS to be in the range of $0.42 to $0.50 for Q1 2022.
  • Reiterates GAAP diluted net EPS outlook of $1.24 to $1.38 for fiscal year 2022.
  • Reiterates non-GAAP diluted net EPS outlook of $1.96 to $2.10 for fiscal year 2022.
  • Reiterates free cash flow guidance range to $1.8 to $2.0 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income