On Thursday evening, Hewlett Packard Enterprise (HPE) reported adjusted EPS down 24% to $0.48 for the first quarter of 2023-24, but at the top end of its forecast range of $0.42 to $0.50. The company's revenues of $6.8 billion were down 14% (both on a reported basis and at constant exchange rates).

At $6.8 billion, revenues for the enterprise IT equipment and services group were down 14% (both gross and at constant exchange rates), penalized by its server (-23%) and hybrid cloud (-10%) divisions.

For the full year, HPE expects adjusted EPS of between $1.82 and $1.92, as well as growth of 0 to 2% for both revenues at constant exchange rates and adjusted operating profit.

Copyright (c) 2024 CercleFinance.com. All rights reserved.