HEWLETT PACKARD ENTERPRISE Beats EPS Expectations, Misses Revenue Projection

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Hewlett Packard Enterprise ($NYSE:HPE) (HPE) reported its latest earnings results, surpassing analysts’ expectations for Non-GAAP earnings per share (EPS) but falling short of estimates for revenue. The company posted a Non-GAAP EPS of $0.52 for the quarter, exceeding expectations by $0.04. HPE is a global technology leader that enables customers to go further, faster.

With the industry’s most comprehensive portfolio, spanning the cloud to the data center to workplace applications, their technology and services help customers around the world make IT more efficient, more productive and more secure. HPE offerings include IT infrastructure, personal computing and access devices, global services and imaging and printing.

Earnings

HEWLETT PACKARD ENTERPRISE recently reported their financials for FY2023 Q1 ending January 31 2023, and the results show a positive outlook. In terms of their total revenue, the company earned 7809.0M USD, demonstrating a 12.2% increase in comparison to the same period from the previous year. The net income was also impressive, coming in at 501.0M USD, though it was a slight 2.3% decrease compared to the previous year.

Over the last three years, HEWLETT PACKARD ENTERPRISE’s total revenue has seen a steady increase, going from 6833.0M USD to 7809.0M USD. Overall, the earnings report for HEWLETT PACKARD ENTERPRISE shows positive trends and is indicative of their continued success in the coming years.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for HPE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for HPE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for HPE. More…

Key Ratios Snapshot

Some of the financial key ratios for HPE are shown below. More…

Market Price

On Tuesday, HEWLETT PACKARD ENTERPRISE (HPE) stock opened at $15.6 and closed at $15.5, up by 1.2% from previous closing price of 15.3. The revenue was driven by a 16% decline in its enterprise group segment, while the personal systems segment was the only bright spot, experiencing a 7% increase in revenue. Overall, HPE beat expectations on EPS but missed estimates on revenue projection. Live Quote…

Analysis

At GoodWhale, we’ve analyzed the fundamentals of HEWLETT PACKARD ENTERPRISE and our Risk Rating analysis indicates it’s a medium risk investment in terms of financial and business aspects. We’ve detected two risk warnings in the income sheet and balance sheet that you can check out if you register on goodwhale.com. Our analysis is designed to help investors hone in on the financial health of a company, so you can be sure to make an informed decision when investing. We take into consideration financial indicators such as cash flow, operating margin, debt/equity ratio, and others to give you an accurate picture of the company’s finances. With GoodWhale, you can make informed decisions and invest with confidence. More…

Peers

The competition between Hewlett Packard Enterprise Co and its competitors, Dawning Information Industry Co Ltd, Eastern Communications Co Ltd, and Accton Technology Corp, is fierce. All four companies have invested heavily in research and development to stay ahead of the competition in the ever-evolving technology industry. Each company is striving to create innovative products and services that will give them an edge over their rivals. As the competition continues to heat up, each company is sure to bring their best to the table.

– Dawning Information Industry Co Ltd ($SHSE:603019)

Dawning Information Industry Co Ltd is a Chinese company that provides information technology and services. The company has a market cap of 32.11B as of 2022, making it one of the largest companies in its sector. Its Return on Equity (ROE) is 7.36%, which is relatively high compared to other companies in the same industry. The company’s ROE is a measure of how efficiently the company uses its resources to generate profits, and its market cap is an indication of the company’s size and value to investors.

– Eastern Communications Co Ltd ($SHSE:600776)

Eastern Communications Co Ltd is a telecommunications company that provides cable television, internet, phone services, and other related products and services. The company has a market capitalization of 9.62 billion as of 2022, which indicates its size and scope in the industry. Eastern Communications also boasts a Return on Equity of 2.34%, indicating its financial strength and ability to generate profits for its shareholders. This indicates that the company is performing well and is a promising investment opportunity.

– Accton Technology Corp ($TWSE:2345)

Accton Technology Corp is a leader in the networking and communications industry, providing innovative solutions for the global marketplace. It has a market capitalization of 141.69 billion as of 2022, reflecting its size and market position. The company’s Return on Equity (ROE) of 34.76% indicates the ability to generate profits from every dollar of shareholder equity. This is an impressive figure that demonstrates Accton’s ability to effectively utilize its assets and resources. The company has continued to develop innovative products and services for customers around the world, helping to cement its place as a leader in the industry.

Summary

Hewlett Packard Enterprise reported its quarterly earnings on Wednesday, and the results exceeded analysts’ expectations. The company reported Non-GAAP EPS of $0.52, which beat the estimated figure by $0.04.

However, revenue came in at $6.97B, missing the expected figure by $330M. The stock gained after the announcement, boosted by the better-than-expected EPS. Investors will be closely watching future earnings reports from Hewlett Packard Enterprise to gauge the company’s performance and potential for growth.