View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cloud
March 4, 2016updated 05 Sep 2016 7:42am

‘Focused’ and ‘nimble’ HPE delivers strong first quarter

News: HPE president and CEO Meg Whitman praised the company's progress, as revenues hit $12.72bn.

By CBR Staff Writer

Hewlett Packard Enterprise (HPE) has reported its first quarterly results since HP’s split into HPE and HP Inc in November last year.

The software, storage and server company reported earnings of $300m, with $12.72 billion in revenue – an decrease of 3% from the same period in 2015.

Revenue in HPE’s enterprise group business increased about 1% to $7.1bn in the fiscal first quarter ending 31 January 2016, from $6.98bn in Q1 2015.

In the enterprise group, revenue from servers dropped 1%, storage fell 3%, networking rose 54%, and technology services declined 9%.

Enterprise services revenue declined 6% to $4.7bn, and software revenue dropped 10% to $780m.

In enterprise services, revenue from infrastructure technology outsourcing dropped 8%, and application and business services dipped 3%.

In software business, revenue from license revenue fell 6%, support declined 13%, professional services decreased 7%, and software-as-a-service (SaaS) fell 9%.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Financial services revenue fell 3% to $776m, compared to $803m in the last year period.

The company returned $1.3bn in capital to its shareholders and is increasing its commitment to return about 100% of its free cash flow outlook to shareholders.

HPE president and CEO Meg Whitman said: "During our first quarter as an independent company, we saw the progress that comes from being more focused and nimble.

"We delivered a third consecutive quarter of year-over-year constant currency revenue growth, and excluding the impact of recent M&A activity, we saw revenue growth in constant currency across every business segment for the first time since 2010."


Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.