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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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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