Hewlett Packard Enterprise (HPE) reported its first quarter 2018 results today. Revenue improved 11% to $7.7 billion mainly due to broad-based growth across all segments. Tax reform benefits came in at $0.58 per share. Excluding tax reforms and other items, adjusted EPS was $0.34, which is an increase of 21.4% vs. prior year period.
Starting first quarter, the company has made changes to its reportable segments; the new segments will be Hybrid IT, Intelligent Edge and Financial Services. By fiscal 2019, HPE plans to return $7 billion to shareholders through share repurchases and a 50% increase in dividends starting from the third quarter of 2018.
Outlook
For the second quarter of 2018, the company expects diluted GAAP earnings to be between $0.10 to $0.14 per share and adjusted earnings in the range of $0.29 to $0.33 per share. For fiscal 2018, HPE estimates GAAP and non-GAAP EPS to range between $1.35 to $1.45.
Most Popular
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company