Summary by Moomoo AI
HPE delivered exceptional Q4 FY2024 performance with record quarterly revenue of $8.5B, up 15% YoY. The company exceeded full-year commitments across revenue, EPS and free cash flow. Q4 GAAP EPS reached $0.99, up 102% YoY, while non-GAAP EPS was $0.58, up 12% YoY.Server revenue grew 32% to $4.7B, while Hybrid Cloud revenue increased 18% to $1.6B. The company's ARR grew 49% to $1.9B, demonstrating strong momentum in as-a-service offerings. Free cash flow for Q4 was $1.5B.The Board declared a quarterly dividend of $0.13 per share, payable January 16, 2025. HPE's pending acquisition of Juniper Networks has received key regulatory approvals and is expected to close in early 2025, positioning the company to capitalize on hybrid cloud, AI and networking opportunities.
