HPE said revenue for the first quarter of 2024 (ended January 31, 2024) was $6.8 billion, down 14% from the prior-year period. Server revenue in the same quarter was $3.4 billion, down 23%.

1. 01

   HPE said revenue for the first quarter of 2024 (ended January 31, 2024) was $6.8 billion, down 14% from the prior-year period. Server revenue in the same quarter was $3.4 billion, down 23%.

2. 02

   The company said GAAP diluted EPS for Q1 was $0.29 and non-GAAP diluted EPS was $0.48, each down 24% from the prior-year period. GAAP net earnings for the same quarter were $387 million.

3. 03

   Hewlett Packard Enterprise said cash flow from operations for Q1 was $64 million, up $893 million from the prior-year period, and free cash flow was $(482) million, up $844 million from the prior-year period. It returned $172 million to shareholders through dividends and share repurchases.

4. 04

   HPE said it expects full-year fiscal 2024 revenue growth in constant currency to be flat to 2%, non-GAAP diluted EPS of $1.82 to $1.92, and free cash flow of at least $1.9 billion. It gave revenue guidance for Q2 of $6.6 billion to $7.0 billion.

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Original filing

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