HPE said net revenue for the 3 months ended April 30, 2024 increased $7.2 billion, or 3.3%, from $231 million, while net revenue for the 6 months decreased $823 million, or 5.6%, to $14.0 billion.

1. 01

   HPE said net revenue for the 3 months ended April 30, 2024 increased $7.2 billion, or 3.3%, from $231 million, while net revenue for the 6 months decreased $823 million, or 5.6%, to $14.0 billion.

2. 02

   Hewlett Packard Enterprise said server net revenue rose $580 million, or 17.6%, over the 3 months, and it attributed the product revenue increase of $586 million, or 24.3%, mainly to higher net AUPs of $366 million and a net unit volume increase of $218 million.

3. 03

   The company said its total gross profit margin for the 3 months was 33.0%, down 3.0 percentage points from a year earlier. It cited a higher mix of lower-margin products and services revenue in the Intelligent Edge and Server segments as the drivers. It said cost recoveries related to its exit from Russia and Belarus partially offset the decline.

4. 04

   HPE said it issued $796 million of asset-backed debt securities during the 6 months ended January 2024, and that in April 2024 it repaid $1.0 billion of its 1.45% Senior Notes at maturity.

Key figures

Quarter ended April 30, 2024

Revenue

$7.2B

Operating income

$425M

Net income

$314M

EPS

$0.24

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

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