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Hewlett Packard Enterprise logoHewlett Packard Enterprise HPE

HPE said its revenue for Q2 for fiscal 2024, which ended on April 30, was $7.2 billion, up 3% from a year earlier. GAAP diluted EPS was $0.24, and non-GAAP diluted EPS was $0.42.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. HPE said its revenue for Q2 for fiscal 2024, which ended on April 30, was $7.2 billion, up 3% from a year earlier. GAAP diluted EPS was $0.24, and non-GAAP diluted EPS was $0.42.

  2. Hewlett Packard Enterprise said Server revenue for Q2 rose 18% from a year earlier to $3.9 billion, with an operating margin of 11.0% (14.4% a year earlier). It said Intelligent Edge revenue fell 19% to $1.1 billion, with an operating margin of 21.8%.

  3. The company said operating cash flow for Q2 was $1,093 million, free cash flow was $610 million, and capital returned to shareholders through dividends and share repurchases totaled $214 million. The Board of Directors also declared a dividend of $0.13 per share.

  4. HPE said it expects revenue for Q3 to be between $7.4 billion and $7.8 billion, and full-year non-GAAP diluted EPS to be between $1.85 and $1.95. It presented full-year free cash flow of at least $1.9 billion.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Revenue and EPS Results

HPE said its revenue for Q2 for fiscal 2024, which ended on April 30, was $7.2 billion, up 3% from a year earlier. GAAP diluted EPS was $0.24, and non-GAAP diluted EPS was $0.42.

Source · Based on the filing body and exhibits

Segment Results for Server and Intelligent Edge

Hewlett Packard Enterprise said Server revenue for Q2 rose 18% from a year earlier to $3.9 billion, with an operating margin of 11.0% (14.4% a year earlier). It said Intelligent Edge revenue fell 19% to $1.1 billion, with an operating margin of 21.8%.

Source · Based on the filing body and exhibits

Q2 Cash Flow and Shareholder Returns

The company said operating cash flow for Q2 was $1,093 million, free cash flow was $610 million, and capital returned to shareholders through dividends and share repurchases totaled $214 million. The Board of Directors also declared a dividend of $0.13 per share.

Source · Based on the filing body and exhibits

Q3 Results and Full-Year Outlook

HPE said it expects revenue for Q3 to be between $7.4 billion and $7.8 billion, and full-year non-GAAP diluted EPS to be between $1.85 and $1.95. It presented full-year free cash flow of at least $1.9 billion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.