Hewlett Packard Enterprise ( (HPE) ) has released its Q4 earnings. Here is a breakdown of the information Hewlett Packard Enterprise presented to its investors.
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Hewlett Packard Enterprise (HPE) is a global technology company specializing in edge-to-cloud solutions that help organizations unlock value from their data across various environments, offering a comprehensive portfolio that includes Cloud Services, Servers, Intelligent Edge, Software, and Hybrid Cloud solutions.
In its fiscal 2024 fourth-quarter earnings report, HPE reported record quarterly revenue, highlighting a strong close to the fiscal year. The company surpassed its full-year revenue, earnings per share (EPS), and free cash flow commitments, driven by its extensive portfolio in hybrid cloud, AI, and networking, alongside the upcoming acquisition of Juniper Networks.
Key financial results for the fourth quarter include a 15% increase in revenue to $8.5 billion and a significant 102% rise in GAAP diluted EPS to $0.99. However, gross margins declined, with GAAP gross margins down to 30.8%. Despite a decrease in cash flow from operations, HPE managed to maintain significant capital returns to shareholders through dividends and share repurchases. Segment-wise, server revenue surged by 32%, while Intelligent Edge saw a 20% decline.
Looking ahead, HPE expects mid-teens percent revenue growth in the first quarter of fiscal 2025, reflecting confidence in its strategic direction and market positioning. The company continues to engage with regulatory bodies regarding its pending acquisition of Juniper Networks, anticipating closure in early 2025.
