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Hewlett Packard Enterprise reports Q3 beat, shares fall on mixed guidance

AuthorDavit Kirakosyan
Published 29/08/2023, 22:22
© Reuters.
HPE
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Hewlett Packard Enterprise (NYSE:HPE) shares fell more than 4% after-hours following the company’s reported Q3 results.

While Q3 EPS of $0.49 and revenue of $7 billion (up 1% year-over-year) came in above the consensus estimates of $0.47 and $6.99B, respectively, the company’s guidance was mixed. Annualized revenue run-rate (ARR) grew 48% year-over-year (in constant currency) to $1.3 billion.

“HPE delivered another solid quarter in Q3, powered by standout performances in the Intelligent Edge and HPE GreenLake. Demand improved sequentially across all key business segments, with particular strength in our HPC & AI segment as customers discover HPE’s unique capabilities to power unprecedented levels of performance for AI at scale,” said CEO Antonio Neri.

For Q4/23, the company expects EPS in the range of $0.48-$0.52, compared to the consensus of $0.49, and revenue in the range of $7.2-$7.5B, compared to the consensus of $7.49B.

For the full year, the company expects EPS of $2.11-$2.15, compared to the consensus estimate of $2.11.

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