$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