Description
HPE delivered a decent quarter with on-par revenues and earnings above Wall Street expectations to end the fiscal year 2023 on a positive note. The company capitalized on the robust momentum across its portfolio, resulting in elevated revenue, expanded gross margins, increased operating profit, and historic highs in non-GAAP diluted net EPS and free cash flow. Their success extended to the AI domain, where they experienced a surge in demand for accelerated computing infrastructure and services. The HPC & AI segment witnessed a substantial 25% year-over-year revenue growth, culminating in the largest HPC & AI order book, driven by $3.6 billion in APU orders. The Intelligent Edge segment emerged as a primary driver of revenue and profit growth. Despite challenges in the compute and storage segments, HPE strategically positioned itself in the hybrid cloud space, closing the fiscal year with 29,000 customers on the HPE GreenLake cloud platform. The company’s focus on subscription-based offerings and differentiated IP products promises strong growth in the coming year. HPE Financial Services continued to contribute to the company’s strategic sustainability, aligning with customer needs and expanding earnings for shareholders. Hewlett Packard Enterprise also announced an enhanced partnership with NVIDIA to develop a computing solution for generative artificial intelligence (GenAI) in the enterprise sector.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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