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Oct 31, 2024
Hewlett Packard Enterprise Q4 2024 Earnings Report
Hewlett Packard Enterprise reported exceptional Q4 results, driving full-year revenue and EPS outperformance with strong cash flow.
Key Takeaways
Hewlett Packard Enterprise reported an exceptional fourth quarter with record quarterly revenue, exceeding full-year commitments for revenue, EPS, and free cash flow. Revenue reached $8.5 billion, up 15% year-over-year, and non-GAAP EPS was $0.58, up 12% year-over-year.
Revenue was $8.5 billion, up 15% year-over-year.
GAAP EPS was $0.99, up 102% year-over-year.
Non-GAAP EPS was $0.58, up 12% year-over-year.
Free cash flow was $1.5 billion.
Revenue by Segment
Forward Guidance
HPE estimates revenue to grow by mid-teens percent when compared to revenue for the prior-year period. HPE estimates GAAP diluted net EPS to be in the range of $0.31 to $0.36 and non-GAAP diluted net EPS to be in the range of $0.47 to $0.52.
Positive Outlook
- Revenue is expected to grow by mid-teens percent compared to the prior year.
- GAAP diluted net EPS is estimated to be in the range of $0.31 to $0.36.
- Non-GAAP diluted net EPS is estimated to be in the range of $0.47 to $0.52.
- Juniper Networks acquisition has received approval from key jurisdictions.
- The transaction is expected to close in the early part of 2025.
Challenges Ahead
- U.S. Department of Justice is continuing to review the Juniper Networks transaction.
- First quarter non-GAAP diluted net EPS excludes net after-tax adjustments of $0.16 per diluted share.
- These adjustments are primarily related to stock-based compensation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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