Revenue of $12.5 billion in fiscal 4Q16
US-based (SPY) Hewlett-Packard Enterprise (HPE) announced its fiscal 4Q16 and fiscal 2016 results on November 22, 2016. The company reported revenue of $12.5 billion in the quarter, a fall of 7% YoY (year-over-year) and 2% YoY after adjusting for currency fluctuations and divestitures.
in fiscal 4Q16, compared to $1.4 billion in fiscal 4Q15.HPE’s non-GAAP (generally accepted accounting principles) EPS (earnings per share) were $0.61, within its guidance of $0.58–$0.63. Its net income, however, fell 78% YoY in fiscal 4Q16, compared to $1.4 billion in fiscal 4Q15.to $302 million
In fiscal 2016, HPE reported revenue of $50.1 billion, a fall of 4% YoY. Its revenue rose 2% YoY in fiscal 2016 after adjusting for currency fluctuations and divestitures. Its non-GAAP EPS were $1.92, within its guidance of $1.90–$1.95.
What did analysts expect in fiscal 4Q16?
with a high estimate of $0.62 and a low estimate of $0.59.Analysts expected HPE to post revenue of $12.9 billion in fiscal 4Q16, with a low estimate of $12.3 billion and a high estimate of $13.4 billion. They estimated EPS of $0.61, with a high estimate of $0.62 and a low estimate of $0.59, for the quarter.