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Hewlett Packard Enterprise
🇺🇸 NYSE:HPE
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Oct 31, 2023

Hewlett Packard Enterprise Q4 2023 Earnings Report

Hewlett Packard Enterprise reported Q4 2023 results, closing an impressive fiscal year and announcing a dividend increase for fiscal year 2024.

Key Takeaways

Hewlett Packard Enterprise (HPE) reported Q4 2023 financial results, with revenue of $7.4 billion and GAAP diluted net EPS of $0.49. The company delivered strong performance in Intelligent Edge and HPC & AI segments, while Compute and Storage revenues declined. HPE is raising the dividend in FY 2024, reflecting confidence in the company's ability to deliver substantial returns to shareholders.

HPE's Q4 revenue was $7.4 billion, a 7% decrease year-over-year.

GAAP diluted net EPS was $0.49, a 313% increase year-over-year.

Intelligent Edge revenue increased by 41% year-over-year, while HPC & AI revenue increased by 37%.

The company delivered record performance against key financial metrics this year.

Total Revenue
$7.35B
Previous year: $7.87B
-6.6%
EPS
$0.52
Previous year: $0.57
-8.8%
ARR
$1.3B
Previous year: $936M
+38.9%
Gross Margin
34.8%
Previous year: 32.9%
+5.8%
Gross Profit
$2.56B
Previous year: $2.59B
-1.3%
Cash and Equivalents
$4.27B
Previous year: $4.16B
+2.6%
Free Cash Flow
$2.32B
Previous year: $2B
+16.1%
Total Assets
$57.2B
Previous year: $57.1B
+0.1%

Hewlett Packard Enterprise

Hewlett Packard Enterprise

Hewlett Packard Enterprise Revenue by Segment

Forward Guidance

HPE estimates Q1 2024 revenue to be in the range of $6.9 billion to $7.3 billion and reiterates fiscal 2024 revenue growth to be in the range of 2% to 4% in constant currency.

Positive Outlook

  • Estimates first quarter fiscal 2024 revenue to be in the range of $6.9 billion to $7.3 billion
  • Reiterates fiscal 2024 revenue growth to be in the range of 2% to 4% in constant currency
  • Estimates fiscal 2024 GAAP operating profit growth to be in the range of 15% to 21%
  • Estimates fiscal 2024 non-GAAP operating profit growth to be in the range of 3% to 5%
  • Reiterates guidance to be in the range of $1.9 billion to $2.1 billion

Challenges Ahead

  • Estimates first quarter fiscal 2024 GAAP diluted net EPS to be in the range of $0.24 to $0.32
  • Estimates first quarter fiscal 2024 non-GAAP diluted net EPS to be in the range of $0.42 to $0.50.
  • Estimates fiscal 2024 GAAP diluted net EPS to be in the range of $1.81 to $2.01
  • Reiterates non-GAAP diluted net EPS to be in the range of $1.82 to $2.02
  • Returning approximately 65% - 75% of free cash flow to shareholders in dividends and share repurchases

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Hewlett Packard Enterprise