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
Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
U.S. Strong Jobs Growth in July Underlines Fed’s Erratic Interest Rate Move
Andrew WattsAECCafe Guest Blog
by Andrew Watts
Digital Pattern Books Disrupt Construction Industry
Jobs
Architect/Project Manager for Purple Cherry Architects at Annapolis, Maryland
Construction Management for Huitt-Zollars, Inc at Fort Worth, Texas
Sr. Product Design Engineer for Clarus at Fort Worth, Texas
Sr. Construction Inspector for Huitt-Zollars, Inc at Fort Worth, Texas
STAFF ARCHITECT for Berridge Manufacturing Company at San Antonio, Texas
Sr. Project Manager for ZYSCOVICH ARCHITECTS at New York, New York
Upcoming Events
2019 BIMForum at Hyatt Regency at the St. Louis Arch St. Louis, MO MO - Sep 16 - 19, 2019
Measurement, Visualisation and Processing in BIM for Design and Construction Management 2019 at Czech Technical University in Prague, Faculty of Civil Engineering Prague Czech Republic - Sep 24 - 25, 2019
Getting to Zero National Forum 2019 at Oakland Marriott Oakland CA - Oct 9 - 11, 2019
CONSTRUCT AEC Education & Expo - 2019 at Gaylord National Resort & Convention Center National Harbor MD - Oct 9 - 11, 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