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

Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
May’s Weakening in U.S. Jobs Growth and the Inverted Yield Curve
Andrew WattsAECCafe Guest Blog
by Andrew Watts
Digital Pattern Books Disrupt Construction Industry
Jobs
Structural Engineering Lead for K2M Design at Cleveland, Ohio
Structural Engineer for Design Everest at San Francisco,, California
Project Manager, Architect, for K2M Design at Indianapolis, Indiana
Modeling and Simulation / HWIL Engineer for Lockheed Martin at Orlando, Florida
Engineer A, B or C (Transportation) for City of Austin at Austin, Texas
Geologist for U. S. Dept. of the Interior at Marsing, Idaho
Upcoming Events
Create + Construct San Francisco at City View Penthouse South Park Center San Francisco CA - Jun 26, 2019
International Conference on Structures and Architecture (ICSA) 2019 at Calouste Gulbenkian Foundation Lisbon Portugal - Jul 24 - 26, 2019
SIGGRAPH 2019 at Los Angeles CA - Jul 28 - 1, 2019
CII Annual Conference 2019 at Manchester Grand Hyatt San Diego San Diego CA - Aug 5 - 9, 2019
Kenesto: 30 day trial
Bentley:
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2019 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise