Hewlett Packard Enterprise Co
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Information Technology : Technology Hardware, Storage & Peripherals | Mid Cap Value
Company profile

Hewlett Packard Enterprise Company (HPE) is an edge-to-cloud platform as-a-service company. The Company's segment includes Compute, High Performance Computing & Mission-Critical Solutions (HPC & MCS), Storage, Intelligent Edge, Financial Services (FS), and Corporate Investments and Other. The Compute segment offers both general purpose servers for multi-workload computing and workload optimized servers. The HPC & MCS segment offers specialized compute servers designed to support specific workloads. The Storage segment offers workload optimized storage product and service offerings. The Intelligent Edge segment offers wired and wireless local area network (LAN), campus and data center switching, software-defined wide-area-networking. The FS segment provides flexible investment solutions, such as leasing, financing, and utility programs. The Corporate Investments and Other segment includes the Communications and Media Solutions business (CMS) that offers software and related services.


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HPE earnings beat top and bottom lines

4:08 pm ET June 1, 2021 (MarketWatch)

By Jon Swartz

Shares of Hewlett Packard Enterprise Co. rose 1% in extended trading Tuesday after the company reported second-quarter financial results that topped Wall Street estimates.

The company (HPE) reported net earnings of $259 million, or 19 cents a share, compared with a net loss of $821 million, or 64 cents a share, in the same quarter a year ago. HPE said adjusted earnings were 46 cents a share, up from 27 cents a share in the year-ago quarter.

Revenue grew 12% to $6.7 billion from $6 billion a year ago.

Sales from computer ($3 billion, up 12%) and storage ($1.1 billion, up 5%) led the way. Intelligent Edge revenue was $799 million, an increase of 20% from the same quarter a year ago.

"Our disciplined execution on our strategic priorities is positively impacting both top and bottom line performance," HPE Chief Executive Antonio Neri said in a statement. "We are strengthening our core computer and storage businesses, doubling down in our growth Intelligent Edge and HPC businesses and accelerating our pivot to as-a-service, while also advancing our cloud-first innovation agenda to become the edge-to-cloud platform as-a-service choice for our customers and partners."

HPE also declared a regular cash dividend of 12 cents per share, payable on July 7.

Analysts surveyed by FactSet had expected net income of 42 cents a share on revenue of $6.6 billion.

HPE's stock has improved 36% so far in 2021. The broader S&P 500 index is up 12% this year.

-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

June 01, 2021 16:08 ET (20:08 GMT)

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