Hewlett Packard Enterprise Releases Q4 Earnings of First Year After Split from HP
January 30, 2017
The article on Business Insider titled Hewlett Packard Enterprise Misses Its Q4 Revenue Expectations But Beats on Profit discusses the first year of HPE following its separation from HP. The article reports fiscal fourth quarter revenue of $12.5B, just short of the expected $12.85B. The article provides all of the nitty gritty details of the fourth quarter segment results, including,
Software revenue was $903 million, down 6% year over year, flat when adjusted for divestitures and currency, with a 32.1% operating margin. License revenue was down 5%, down 1% when adjusted for divestitures and currency, support revenue was down 7%, up 1% when adjusted for divestitures and currency, professional services revenue was down 7%, down 4% adjusted for divestitures and currency, and software-as-a-service (SaaS) revenue was down 1%, up 11% adjusted for divestitures and currency.
Additionally, Enterprise Services revenue was reported as $4.7B, down 6% year over year, and Enterprise Group revenue was down 9% at $6.7B. Financial Services revenue was up 2% at $814M. According to HPE President and CEO Meg Whitman, all of this amounts to a major win for the standalone company. She emphasized the innovation and financial performance and called FY16 a “historic” year for the company.
Chelsea Kerwin, January 30, 2017
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