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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.
Hewlett Packard Enterprise
Hewlett Packard Enterprise
Hewlett Packard Enterprise Revenue by Segment
Revenue by Segment
Server Revenue
CapyFin.comHybrid Cloud Revenue
CapyFin.comIntelligent Edge Revenue
CapyFin.comFinancial Services Revenue
CapyFin.comCorporate Invest. Revenue
CapyFin.com 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.
- These adjustments are also related to acquisition, disposition and other related charges.
- These adjustments are also related to amortization of intangible assets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income