HPE Q2 Results 2024, Check Share Price, SMA and More

HPE Q2 Results 2024

Hewlett Packard Enterprise (HPE) announced its Q2 2024 financial results, showing a net revenue of $7.204 billion, an increase from the previous quarter. The company reported net earnings of $314 million, with earnings per share at $0.24 for both basic and diluted shares. Here is the official PDF for HPE Q2 Results 2024.

HPE Highlights

Here is the list of HPE Highlights:

Revenue: $7.2 billion

• Up 3% from the prior-year period in actual dollars
• Up 4% in constant currency

Annualized Revenue Run-rate (ARR): $1.5 billion

• Up 37% from the prior-year period
• Up 39% in constant currency

Gross Margins:

GAAP: 33.0%

• Down 300 basis points from the prior-year period
• Down 340 basis points sequentially

Non-GAAP: 33.1%

• Down 310 basis points from the prior-year period
• Down 310 basis points sequentially

Diluted Net Earnings Per Share (EPS):

GAAP: $0.24

• Down 25% from the prior-year period
• Down 17% sequentially
• Within guidance range of $0.20 to $0.25

Non-GAAP: $0.42

• Down 19% from the prior-year period
• Down 13% sequentially
• Above guidance range of $0.36 to $0.41

Cash Flow from Operations: $1,093 million

• Increase of $204 million from the prior-year period

Free Cash Flow (FCF): $610 million

• Increase of $322 million from the prior-year period

Capital Returns to Shareholders: $214 million

• In the form of dividends and share repurchases

Segment Results

Server Revenue: $3.9 billion

• Up 18% from the prior-year period
• Operating profit margin: 11.0% (down from 14.4%)

Intelligent Edge Revenue: $1.1 billion

• Down 19% from the prior-year period
• Operating profit margin: 21.8% (down from 24.7%)

Hybrid Cloud Revenue: $1.3 billion

• Down 8% from the prior-year period
• Operating profit margin: 0.8% (down from 1.9%)

Financial Services Revenue: $867 million

• Up 1% from the prior-year period
• Operating profit margin: 9.3% (up from 8.9%)
• Net portfolio assets: $13.2 billion
• Return on equity: 18.0% (up 3.0 points)

HPE Share Price

"In the stock market today, Hewlett Packard Enterprise Co experienced a decrease in its stock price, dropping by -0.35 INR or -1.99% compared to the previous day's close, with the current stock price standing at 17.6 INR. The stock opened at 17.85 INR and fluctuated throughout the trading session, reaching a high of 17.96 INR and a low of 17.59

Hewlett Packard Enterprise Co's market capitalization is valued at 2288 Crore INR, with a  P/E ratio of 12.11. Over the past 52 weeks, the stock has seen a wide range of performance, with a high of 20.07 INR and a low of 14.47 INR."

SMA

Returns

Hewlett Packard Enterprise

Hewlett Packard Enterprise (NYSE: HPE) is a leading global company specializing in edge-to-cloud technology solutions. HPE helps organizations unlock value from their data to achieve better outcomes. With decades of experience and innovation, HPE offers a range of services and products including Cloud Services, Servers, Intelligent Edge solutions, Software, and Hybrid Cloud.

HPE aims to provide a seamless and consistent experience across various cloud and edge environments. This enables businesses to create new models, engage customers in innovative ways, and improve operational efficiency. HPE's commitment to advancing technology and improving the way people live and work makes it a key player in the tech industry