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Hewlett Packard Enterprise | 10-Q: Q2 2024 Earnings Report

ヒューレットパッカード エンタープライズ | 10-Q:Q2 2024 四半期報告書

SEC ·  2024/06/05 20:16

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Hewlett Packard Enterprise reported Q2 FY2024 revenue of $7.2 billion, up 3.3% year-over-year, driven by higher average unit prices in the Server segment. However, net income declined 24.9% to $314 million as gross margin contracted 3 percentage points to 33% due to higher mix of lower margin products and services revenue.The Server segment revenue grew 17.6% to $3.9 billion on higher pricing, while Intelligent Edge revenue fell 19.2% to $1.1 billion due to softened demand. Hybrid Cloud revenue decreased 8.4% to $1.3 billion on lower average unit prices. The company's annualized revenue run-rate (ARR) grew 37% year-over-year to $1.53 billion, reflecting expansion in HPE GreenLake and Intelligent Edge as-a-service offerings.Looking ahead, HPE continues to strengthen its core offerings and expand the HPE GreenLake edge-to-cloud platform. The company is progressing with its planned $14 billion acquisition of Juniper Networks, which received shareholder approval in April 2024. HPE also announced revised terms for the sale of its 49% stake in H3C, with the first 30% stake to be sold for $2.1 billion by August 2024.
Hewlett Packard Enterprise reported Q2 FY2024 revenue of $7.2 billion, up 3.3% year-over-year, driven by higher average unit prices in the Server segment. However, net income declined 24.9% to $314 million as gross margin contracted 3 percentage points to 33% due to higher mix of lower margin products and services revenue.The Server segment revenue grew 17.6% to $3.9 billion on higher pricing, while Intelligent Edge revenue fell 19.2% to $1.1 billion due to softened demand. Hybrid Cloud revenue decreased 8.4% to $1.3 billion on lower average unit prices. The company's annualized revenue run-rate (ARR) grew 37% year-over-year to $1.53 billion, reflecting expansion in HPE GreenLake and Intelligent Edge as-a-service offerings.Looking ahead, HPE continues to strengthen its core offerings and expand the HPE GreenLake edge-to-cloud platform. The company is progressing with its planned $14 billion acquisition of Juniper Networks, which received shareholder approval in April 2024. HPE also announced revised terms for the sale of its 49% stake in H3C, with the first 30% stake to be sold for $2.1 billion by August 2024.
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