HPE(HPE)2024-12-05 21:07Revenue Performance - Q4 revenue reached 1.9 billion, up 49% year-over-year[4] - Net revenue for the three months ended October 31, 2024, was 7,710 million in the previous quarter[19] - For the year ended October 31, 2024, net revenue was 29,135 million in the previous year[21] - Total consolidated net revenue for the year ended October 31, 2024, reached 29,135 million in the prior year, reflecting an increase of 3.4%[35] - Total consolidated net revenue for the three months ended October 31, 2024, was 7,710 million in the previous quarter and a 15% increase year-over-year from 0.99, up 102% from the prior-year period, exceeding guidance[5] - Net earnings attributable to common stockholders for the quarter were 512 million in the previous quarter, representing a significant increase of 161.4%[19] - Basic earnings per share for the quarter were 0.39 in the previous quarter, indicating a 161.5% increase[19] - Net earnings attributable to Hewlett Packard Enterprise (HPE) for the year ended October 31, 2024, increased to 2,025 million in the previous year, representing a growth of 27.3%[31] - GAAP net earnings attributable to HPE for the three months ended October 31, 2024, were 642 million for the same period in 2023, representing a 113% increase[27] - Non-GAAP net earnings attributable to common stockholders for the three months ended October 31, 2024, were 680 million in the same period last year, reflecting a 13.24% increase[27] Cash Flow and Dividends - Free cash flow (FCF) was 821 million from the prior-year period[5] - Free cash flow for the three months ended October 31, 2024, was 669 million for the previous quarter, indicating a significant increase[29] - Cash dividends declared per share for the quarter were 0.48 in the previous year[21] - The Board declared a cash dividend of 4.7 billion, up 32% year-over-year, with an operating profit margin of 11.6%[6] - Hybrid Cloud revenue was 1.1 billion, down 20% year-over-year, with a 24.4% operating profit margin[6] - The Server segment generated 14,361 million in the previous year, marking a growth of 12.9%[35] - The Hybrid Cloud segment reported revenue of 5,493 million, indicating a decrease of 2.0%[35] - The Intelligent Edge segment reported revenue of 5,379 million, reflecting a decrease of 15.7%[35] Assets and Liabilities - Total current assets as of October 31, 2024, were 18,948 million as of October 31, 2023, showing an increase of 76.73%[30] - Total assets increased to 57,153 million a year earlier, marking a growth of 24.7%[30] - Long-term debt as of October 31, 2024, was 7,487 million as of October 31, 2023, reflecting an increase of 80.5%[30] - Cash and cash equivalents increased to 4,270 million a year earlier, representing a growth of 248.5%[30] Strategic Initiatives and Future Outlook - HPE expects revenue growth in the mid-teens percentage for Q1 FY 2025[8] - The acquisition of Juniper Networks is expected to close in early 2025, pending regulatory review[9] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[28] - Transformation costs related to the HPE Next Plan and Cost Optimization and Prioritization Plan are expected to decline significantly beyond fiscal 2024[50] Non-GAAP Measures and Financial Adjustments - Hewlett Packard Enterprise's non-GAAP net earnings for the quarter were significantly impacted by charges related to stock-based compensation, disaster recovery, and divestiture-related exit costs[48] - The company reported a projected non-GAAP income tax rate of 15% for fiscal 2024, up from 14% in fiscal 2023, reflecting changes in its tax structure and geographic earnings mix[51] - Non-GAAP gross profit margin excludes stock-based compensation and other specific charges, providing a clearer view of operational performance[49] - Non-GAAP operating profit margin excludes amortization of intangible assets and other specific charges, reflecting ongoing operational results more accurately[49] - The company emphasizes the importance of non-GAAP measures for providing transparency and facilitating comparisons with industry peers[47]