Categories AlphaGraphs, Technology

Hewlett Packard Enterprise: Q1 2018 Earnings Snapshot

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.

Hewlett Packard Enterprise Q1 2018 financials

 

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.

 

 

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