Hewlett Packard Enterprise (NYSE: HPE) Reports Strong Fiscal 2024 Fourth Quarter Results

Hewlett Packard Enterprise (HPE) revealed its financial performance for the fourth quarter ending on October 31, 2024. The company posted record quarterly revenue and an exceptional performance, surpassing full-year targets for revenue, earnings per share (EPS), and free cash flow.

Antonio Neri, President and CEO of Hewlett Packard Enterprise, commented on the results, stating, “HPE delivered an exceptional fourth quarter with record quarterly revenue, capping off a strong FY 2024. We exceeded our full-year commitments for revenue, EPS, and free cash flow.” Neri also highlighted the strategic position of HPE in areas like hybrid cloud, artificial intelligence, and networking, emphasizing the potential for growth and value creation for shareholders, particularly with the forthcoming Juniper Networks acquisition.

Marie Myers, Executive Vice President and CFO of HPE, expressed satisfaction with the company’s fiscal performance and noted the disciplined execution and improving customer demand across their portfolio. HPE’s fourth-quarter fiscal 2024 financial results included the following key highlights:

– Revenue: $8.5 billion, marking a 15% increase from the prior-year period in both actual dollars and constant currency.
– Diluted net earnings per share (EPS): GAAP of $0.99, up 102

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Hewlett Packard Enterprise’s 8K filing here.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.