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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.
Hewlett Packard Enterprise
Hewlett Packard Enterprise
Hewlett Packard Enterprise Revenue by Segment
Revenue by Segment
Intelligent Edge Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com 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