Hewlett Packard Enterprise (NYSE: HPE) reported second quarter 2022 earnings results today.
Net revenue inched up 0.2% year-over-year to $6.7 billion. Revenue growth was 1.5% when adjusted for currency.
GAAP EPS of $0.19 remained flat from the prior-year period while adjusted EPS amounted to $0.44 compared to $0.46 last year.
Both revenue and earnings missed expectations, sending the stock down 6% in after-market hours on Wednesday.
Annualized revenue run-rate (ARR) was up 25% YoY to $829 million.
For FY2022, HPE expects revenues to grow 3-4% adjusted for currency.