HPE Delivers Q2 Results & Raises FY19 EPS Outlook

Q2 2019 Financial Highlights:

  • Revenue: $7.2 billion
  • Diluted Net Earnings Per Share:
    • GAAP $0.30, down 44% from the prior-year period EPS from continuing operations due primarily to one-time, non-cash adjustments related to U.S. tax reform in the prior-year period and above the previously provided outlook of $0.19 to $0.23
    • Non-GAAP $0.42, up 31% from the prior-year period EPS and above the previously provided outlook of $0.34 to $0.38 per share
  • Cash Flow from Operations: $987 million, up 300% from $247 million in the prior-year period
  • Free Cash Flow: $402 million, up $671 million from the prior-year period

FY 2019 Outlook:

  • Earnings Per Share: Raising GAAP diluted net earnings per share outlook to $0.98 to $1.08 and non-GAAP diluted net earnings per share outlook to $1.62 to $1.72
  • Free Cash Flow: Reiterating free cash flow guidance of $1.4 to $1.6 billion

SAN JOSE, Calif. — (BUSINESS WIRE) — May 23, 2019 — Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for its fiscal 2019 second quarter, ended April 30, 2019.

“In Q2 we demonstrated traction in critical areas for our customers that delivered strong margin improvement, EPS above our outlook and solid cash flow,” said Antonio Neri, President and CEO of HPE. “We continue to make important strategic moves that further enhance our competitive position and ability to better serve our customers in a hybrid world. I remain confident that our edge-to-core strategy backed by the important investments we’ve been making will generate positive shareholder returns in the near and longer term.”

Second Quarter Fiscal Year 2019

 

HPE fiscal 2019 second quarter continuing operations financial
performance

 

Q2 FY19

 

Q2 FY18

 

Y/Y

GAAP net revenue ($B) $7.2 $7.5 (4.3%)
GAAP operating margin 6.1% 4.9% 1.2 pts.
GAAP net earnings ($B) $0.4 $0.9 (50.7%)
GAAP diluted net earnings per share $0.30 $0.54 (44.4%)
Non-GAAP operating margin 8.9% 8.2% 0.7 pts.
Non-GAAP net earnings ($B) $0.6 $0.5 14.4%
Non-GAAP diluted net earnings per share $0.42 $0.32 31.3%
Cash flow from operations ($M) $987 $247 299.6%
 

1 | 2 | 3 | 4 | 5 | 6  Next Page »



Review Article Be the first to review this article


Featured Video
Jobs
Structural Engineer 2 (Engineer 2) for Los Alamos National Laboratory at Los Alamos,, New Mexico
Mechanical Engineer for Flextronics at Milpitas, California
Structural Engineer for Kiewit at Lenexa, Kansas
Failure Analysis Engineer for Flextronics at Milpitas, California
Design Engineer (Engineer 1/2) for Los Alamos National Laboratory at Los Alamos,, New Mexico
Architect for Hutton at Wichita, Afghanistan
Upcoming Events
ACM SIGSPATIAL 2020 at Seattle WA - Nov 3 - 6, 2020
Health GIS: STAR (Spatial Thinking in Applied Research) at Online event Calgary Alberta Canada - Nov 18, 2020
Landslides & Geohazards at CO - Nov 20, 2020
University of Denver GIS Masters Degree Online



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise