Hewlett Packard Enterprise Earnings Preview: Firing On All Cylinders (NYSE:HPE)

September 2, 2024


Hewlett Packard Enterprise office building in Houston, Texas, USA.

JHVEPhoto

In January, I wrote an article about Hewlett Packard Enterprise Company (NYSE:HPE), in which I rated the company a strong buy, praising them for investing in the right parts of the growth industries of cloud computing and artificial

Then

Now

Cash and Equivalent

$4.3 billion

$2.7 billion

Inventory

$4.6 billion

$7.3 billion

Total Current Assets

$18.9 billion

$21.4 billion

Property

$6 billion

$5.8 billion

Total Assets

$57.1 billion

$59.7 billion

2022

2023

2024 (1H)

Net Revenue

$28.5 billion

$29.1 billion

$13.9 billion

Gross Profit

$9.5 billion

$10.2 billion

$4.8 billion

Gross Margin

33.4%

35.1%

34.6%

Operating Earnings

$782 million

$2.1 billion

$950 million

Operating Margin

2.7%

7.2%

6.8%

Net Earnings

$868 million

$2.0 billion

$701 million

Diluted EPS

66¢

$1.54

53¢



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *