Hewlett Packard Enterprise Co. (NYSE:HPE) released its fourth-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter.
The Details: Hewlett Packard Enterprise reported quarterly earnings of 49 cents per share, in line with the analyst consensus estimate. Quarterly revenue came in at $7.85 billion which beat the analyst consensus estimate of $7.82 billion and an increase over revenue of $6.75 billion from the same period last year.
The company reported annualized revenue run-rate of $2.1 billion, up 46% from the prior year in constant currency and a non-GAAP gross margin of 29.4%, down 680 basis points from the prior year period and down 150 basis points sequentially.
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“HPE achieved our fourth consecutive quarter of year-over-year revenue growth, increasing revenue by double digits in Q1,” said Antonio Neri, CEO of Hewlett Packard Enterprise.
“I am particularly proud of the exciting innovation we introduced in the quarter, which was met with customer enthusiasm. HPE has a proven track record of consistent, disciplined execution, but we could have executed better in some areas in the quarter,” Neri added.
Outlook: Hewlett Packard Enterprise estimates second-quarter revenue to be in the range of $7.2 billion to $7.6 billion, versus the $7.93 billion estimate, and EPS of between 28 cents and 34 cents, versus the 50 cent estimate.
HPE Price Action: According to data from Benzinga Pro, Hewlett Packard shares were down 16.20% after hours at $15.05 Thursday.
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