$HPE (+2.55%) Hewlett Packard Enterprise reported earnings

Q4 FY2024 results ended on October 31st 2024

- Revenue: $8.5B, +15% YoY

- Net earnings: $1.37B, up from $642M YoY

- GAAP EPS: $0.99, +102% YoY

- Annualized revenue run-rate (ARR): $1.9B, +49% YoY

CEO Antonio Neri: "HPE delivered an exceptional fourth quarter with record quarterly revenue, capping off a strong FY 2024. We exceeded our full-year commitments for revenue, EPS, and free cash flow."

🌱Revenue & Growth

- Server: $4.7B, +32% YoY

- Hybrid Cloud: $1.6B, +18% YoY

- Intelligent Edge: $1.1B, -20% YoY

- Financial Services: $893M, +2% YoY

💰Profits & Financials

- Operating income: $693M, +37% YoY

- Non-GAAP operating margin: 11.1% vs 9.7% YoY

- Free cash flow: $1.5B vs $2.3B YoY

- Cash and investments: $14.8B as of October 31st

📌Business Highlights

- Server operating margin improved to 11.6% from 10.1% YoY

- Hybrid Cloud operating margin up to 7.7% from 3.8% YoY

- Declared quarterly dividend of $0.13 per share

- Juniper Networks acquisition on track to close early 2025

- Received regulatory approvals from EU, UK, India and others

🔮Future Outlook

- Q1 FY2025 revenue expected to grow mid-teens YoY

- Q1 GAAP EPS guidance: $0.31-$0.36

- Q1 Non-GAAP EPS guidance: $0.47-$0.52

- Expected to close Juniper Networks acquisition in early 2025