Hewlett Packard Enterprise Co (NYSE:HPE) Results

Hewlett Packard Enterprise Co (NYSE:HPE) shares gained 3% in after-hours trading on Tuesday as the company reported better-than-expected fourth-quarter results and provided upbeat guidance for the upcoming quarter.

The enterprise technology solutions provider posted adjusted earnings per share of $0.58, surpassing the analyst consensus of $0.56. Revenue for the quarter reached a record $8.5 billion, up 15% YoY and exceeding the $8.26 billion estimate.

Growth Drivers

HPE's strong performance was driven by robust growth in its server and hybrid cloud segments. Server revenue jumped 32% YoY to $4.7 billion, while hybrid cloud revenue increased 18% to $1.6 billion.

Antonio Neri, president and CEO of Hewlett Packard Enterprise, stated, "HPE delivered an exceptional fourth quarter with record quarterly revenue, capping off a strong FY 2024. Our differentiated portfolio across hybrid cloud, AI, and networking positions us well to capitalize on the market opportunity."

Future Guidance

Looking ahead, HPE expects Q1 2025 adjusted EPS between $0.47 and $0.52, compared to the $0.48 consensus. The company also anticipates mid-teens percentage revenue growth YoY for the upcoming quarter.