Hewlett Packard Enterprise (HPE) reported its earnings for its third fiscal quarter of 2018, which ended July 31, 2018. The company is reporting good numbers overall. Stock performance has been trending upward this quarter with a large spike in after hours trading.
Hewlett Packard Enterprise (HPE) reported its earnings for its third fiscal quarter of 2018, which ended July 31, 2018. The company is reporting good numbers overall. Stock performance has been trending upward this quarter with a large spike in after hours trading.
Looking at the numbers, the company is reporting net revenue of $7.8 billion, a 4% jump from the same time last year. HPE is reporting a GAAP diluted earnings per share (EPS) of $0.29, higher than the expected $0.19-$0.23. Non-GAAP diluted EPS was reported at $0.44, again up from expectations of $0.35-$0.39. Cash flow from operations is being reported at $1.2 billion.
The company’s Hybird IT showed revenue of $6.2 billion up 3% year-over-year (though flat when adjusted for currency). Compute revenue was 5%, and storage revenue was up 1%. HPE reported revenue of $785 million for its Intelligent Edge, up 10% YoY. And its financial services had a revenue of $928 million.
HPE returned $1.1 billion to its shareholders in the form of share repurchases and dividends, with a quarterly dividend of $0.11.25/share. For 4Q18, HPE expects GAAP diluted net EPS to be in the range of $0.16 to $0.21 and non-GAAP diluted net EPS to be in the range of $0.39 to $0.44. For the full fiscal year, the company is expected GAAP diluted EPS of $1.85-$1.90 and non-GAAP diluted net EPS to be between $1.50-$1.55.
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