HPE Reports Successful Quarter and Fiscal Year

HPE Reports Successful Quarter and Fiscal Year

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Hewlett Packard Enterprise had a successful fiscal year 2018 and the fourth quarter, ended October 31. Fourth quarter net revenue of $7.9 billion was up 4% from the prior-year period and up 3% when adjusted for currency. Fourth quarter GAAP diluted net earnings per share from continuing operations was $0.53, mach better compared with $0.23 in the prior-year period.

Fiscal 2018 net EPS was $1.56, up from $0.96 in the prior year. Fiscal 2018 net earnings and net EPS from continuing operations exclude after-tax adjustments of $406 million and $0.26 per diluted share, respectively, primarily related to the impact of U.S. tax reform, transformation costs, amortization of intangible assets, an adjustment to earnings from equity interests, tax indemnification adjustments and income tax valuation allowances.

“HPE delivered another impressive quarter, concluding a very successful fiscal year 2018 marked by significant transformation and achievement,” said Antonio Neri, President and CEO. “We excelled in delivering differentiated new capabilities for our customers that drove meaningful top line growth while expanding margins that fueled strong cash flow and shareholder returns. As we close my first fiscal year as CEO, I am incredibly proud of where we stand in the marketplace and of our innovative culture. In 2019, I have great confidence that our experienced global team and proven strategy will accelerate what comes next for our customers from edge to cloud.”

For the fiscal 2019 first quarter, HPE estimates net EPS to be in the range of $0.19 to $0.23 and non-GAAP net EPS in the range of $0.33 to $0.37. For fiscal 2019 full-year, the company maintains the GAAP diluted net EPS range of $0.73 to $0.83 and the non-GAAP net EPS $1.51 to $1.61.

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