Hewlett Packard Enterprise Soared on Solid Quarterly Results
The Ups and Downs of the Top Tech Movers in the Past Week
HPE shares rose 11.5% in trailing five-day period
As of March 9, 2016, shares of Hewlett Packard Enterprise (HPE) rose 11.5% in the trailing five-day period. HPE announced its quarterly results on March 3, 2016, when its shares rose 11%.
Revenue rose 4% YoY on a constant currency basis
On March 3, 2016, Hewlett Packard Enterprise (HPE) announced its fiscal 1Q16 results. It reported revenue of $12.7 billion, an increase of 4% YoY (year-over-year) on a constant currency basis. Revenue fell 3% YoY from $13.2 billion in fiscal 1Q15. The non-GAAP (generally accepted accounting principles) diluted EPS (earnings per share) was $0.41. It met the company’s guidance of $0.37–$0.41. The GAAP diluted EPS was $0.15. It was well above the guidance of $0.09–$0.13.
Meg Whitman, Hewlett Packard Enterprise’s CEO (chief executive officer), 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.”
The strong dollar (UUP) impacted the revenues of other tech companies, including Apple (AAPL), Hewlett-Packard (HPQ), and IBM (IBM) in the last quarter and in 2015.
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