HPE: 24% drop in EPS in the 1st quarter


(CercleFinance.com) – Hewlett Packard Enterprise (HPE) revealed on Thursday evening adjusted EPS down 24% to $0.48 for its first quarter 2023-24, but at the top of its forecast range which ranged from $0.42 to $0.50.

At $6.8 billion, the revenues of the IT equipment and services group for businesses decreased by 14% (in raw data and at constant exchange rates), penalized by its server (-23%) and hybrid cloud (-) divisions. 10%).

For the full year, HPE says it expects adjusted EPS of between $1.82 and $1.92, as well as growth of 0 to 2% for both its revenues at constant exchange rates and for its adjusted operating profit.

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