Hewlett Packard Enterprise Co

HPE

Equity

ISIN US42824C1099 / Valor 29968909

New York Stock Exchange, Inc (2024-09-18)

USD 18.30+0.55%

Hewlett Packard Enterprise Co
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About company

Hewlett Packard Enterprise Co specializes in providing a wide range of enterprise technology solutions, including servers, storage, networking, consulting, and support services.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Hewlett Packard Enterprise Co reported revenue of $7.2 billion for the second quarter of fiscal 2024, marking a 3% increase from the prior-year period in actual dollars and a 4% increase in constant currency. This growth was driven by strong performance in their AI systems and improved supply chain conditions.

AI Systems Revenue

Hewlett Packard Enterprise Co's AI systems revenue more than doubled sequentially in the second quarter of fiscal 2024. This significant growth was attributed to a robust order book and better conversion rates from their supply chain, leading to cumulative AI systems orders reaching $4.6 billion.

Profit Margins

For the second quarter of fiscal 2024, Hewlett Packard Enterprise Co reported a GAAP gross margin of 33.0%, which was a decrease of 300 basis points from the prior-year period. The non-GAAP gross margin was 33.1%, down 310 basis points from the prior-year period.

Earnings Per Share

Hewlett Packard Enterprise Co's diluted net earnings per share (EPS) for the second quarter of fiscal 2024 were $0.24 on a GAAP basis, down 25% from the prior-year period. On a non-GAAP basis, the diluted net EPS was $0.42, which was above their guidance range of $0.36 to $0.41.

Cash Flow and Dividends

In the second quarter of fiscal 2024, Hewlett Packard Enterprise Co generated $1,093 million in cash flow from operations, an increase of $204 million from the prior-year period. The company also returned $214 million to shareholders through dividends and share repurchases, with a regular cash dividend of $0.13 per share declared for the upcoming quarter.

Summarized from source with an LLMView Source

Key figures

7.65%1Y

35.1%3Y

24.2%5Y

Performance

34.3%1Y

32.5%3Y

37.5%5Y

Volatility