HPE Reports Strong Revenue Growth

The combined net revenue anounced by HPE for Q4 2017 of USD 7.8 billion includes USD 7.7 billion from continuing operations and USD 174 million from software, which is now included in discontinued operations. Fourth quarter net revenue from continuing operations of USD 7.7 billion was up 5 percent from the prior year and up 5 percent when adjusted for divestitures and currency. Fourth quarter GAAP diluted net EPS from continuing operations was USD 0.23, up from GAAP diluted net EPS from continuing operations of USD 0.19 in the prior year. Fourth quarter non-GAAP diluted net EPS from continuing operations was USD 0.29, up from non-GAAP diluted net EPS from continuing operations of USD 0.23 in the prior-year period. Fourth quarter non-GAAP net earnings from continuing operations and non-GAAP diluted net EPS from continuing operations exclude after-tax costs of USD 95 million and USD 0.06 per diluted share, respectively.

Fiscal year 2017 results. Combined net revenue of USD 37.4 billion includes USD 28.9 billion from continuing operations and USD 8.5 billion from enterprise services and software, which is now included in discontinued operations. Fiscal 2017 net revenue from continuing operations of USD 28.9 billion was down 5 percent from the prior year and up 1 percent when adjusted for divestitures and currency.

Fiscal 2017 GAAP diluted net EPS from continuing operations was USD 0.26, down from GAAP diluted net EPS from continuing operations of USD 1.86 in the prior year.

Fiscal 2017 non-GAAP diluted net EPS from continuing operations was USD 0.96, down from non-GAAP diluted net EPS from continuing operations of USD 1.09 in the prior year. Fiscal 2017 non-GAAP net earnings from continuing operations and non-GAAP diluted net EPS from continuing operations exclude after-tax costs of USD 1.2 billion and USD 0.70 per diluted share, respectively.

“With strong top line revenue growth, earnings above our previous outlook and our second consecutive quarter of sequential margin improvement, our fourth quarter results are a reflection of the progress we have made over the past two years to transform HPE into a nimble, focused, and innovative organization.”

Meg Whitman 
CEO,
HPE