Revenue of $7.9 billion
On December 4, Hewlett Packard Enterprise (HPE) announced its fiscal 2018 fourth-quarter results for its year that ended in October. It reported revenue of $7.9 billion, a rise of 3.7% YoY (year-over-year). Its sales rose 3% on a constant currency basis.
Its non-GAAP (generally accepted accounting principles) EPS were $0.45 in the fourth quarter, higher than its estimate of $0.39–$0.44. On total sales of $7.9 billion, HPE reported an operating profit of $800 million (or 10%). The company’s earnings rose by a robust 55% in the fourth quarter.
HPE has now managed to grow its revenue YoY for the last six consecutive quarters.
What did analysts expect from HPE in the quarter?
Analysts had expected HPE to post revenue of $7.84 billion in the fourth quarter of fiscal 2018. Its non-GAAP EPS were expected to be $0.43. As we can see, HPE managed to beat analysts’ revenue and earnings estimates.
Despite HPE’s earnings and revenue growth coupled with its earnings beat, its stock fell 3% on December 4. The broader markets were negatively affected by the sell-off led by the tech sector.
HPE is currently trading at $15.05, 23% below its 52-week high of $19.48.