HPE(US:HPE)2024-09-04 22:41Financial Performance - HPE's net revenue reached $7.7 billion, a 10% year-over-year increase, driven by a 39% quarter-over-quarter rise in AI systems revenue, which amounted to $1.3 billion[4] - Non-GAAP diluted net earnings per share (EPS) stood at $0.50, exceeding guidance by $0.02, leading to an increase in full fiscal year GAAP and Non-GAAP diluted net EPS guidance[4] - The company's Q3 free cash flow was $669 million, with a cash conversion cycle of 4 days[4] - HPE's ARR (Annualized Revenue Run-Rate) grew by 39% year-over-year to $1.7 billion[4, 10] Orders and Backlog - AI systems orders increased by $1.6 billion quarter-over-quarter, reaching a cumulative total of $6.2 billion[4] - HPE received $2.1 billion in proceeds from the partial sale of its H3C equity position in Q4[4] Segment Performance - Server revenue increased by 35% year-over-year to $4.28 billion, with an operating profit of $464 million, representing 10.8% of revenue[11, 17] - Intelligent Edge revenue decreased by 23% year-over-year to $1.121 billion, with an operating profit of $251 million, or 22.4% of revenue[11, 18] - Hybrid Cloud revenue decreased by 7% year-over-year to $1.3 billion, with an operating profit of $66 million, or 5.1% of revenue[11, 19] Customer Adoption - The HPE GreenLake cloud platform is used by 37,000 customer organizations, an increase of almost 3,000 quarter-over-quarter and 10,000 year-over-year[4]