#Shift technologies earnings call full#
#Shift technologies earnings call free#

“Our shift to a higher-margin portfolio mix led by the Intelligent Edge segment, and the strong demand for our AI offering, further strengthen the investment opportunity for our shareholders.” “Building on a great start to the fiscal year, HPE grew revenue, increased the contribution of recurring revenue through the HPE GreenLake edge-to-cloud platform, and delivered exceptional profitability to generate a strong second quarter performance,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. HOUSTON-( BUSINESS WIRE)-Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the second quarter ended April 30, 2023. Hewlett Packard Enterprise (HPE) reports Q2 FY23 earnings results that show the company's portfolio mix is driving revenue growth, EPS expansion and higher ARR

#Shift technologies earnings call free#

Free cash flow (3)(5): Reiterates guidance of $1.9 billion to $2.1 billion.

Non-GAAP operating profit (4): Raises fiscal 2023 non-GAAP operating profit growth to be in the range of 6%-7%.

GAAP operating profit: Targets fiscal 2023 GAAP operating profit growth to be in the range of 180%-184%.

Raises guidance for fiscal 2023 GAAP diluted net EPS to be in the range of $1.42 to $1.50 and non-GAAP diluted net EPS to be in the range of $2.06 to $2.14

ARR (2): Reiterates our 2022 HPE Securities Analyst Meeting ARR guidance of 35%-45% Compounded Annual Growth Rate from fiscal 2022 to fiscal 2025Įstimates Q3 fiscal 2023 GAAP diluted net EPS to be in the range of $0.34 to $0.38 and non-GAAP diluted net EPS to be in the range of $0.44 to $0.48.

Revenue: Estimates Q3 fiscal 2023 revenue to be in the range of $6.7 billion to $7.2 billion, and fiscal 2023 revenue growth to be in the range of 4%-6% in constant currency (1).

Capital returns to shareholders: $261 million in the form of dividends and share repurchases.

Free cash flow (3): $288 million, up $499 million from the prior-year period.

Cash flow from operations: $889 million, an increase of $510 million from the prior-year period.

Non-GAAP of $0.52, up 18% from the prior-year period and down 17% sequentially, at the top of our guidance range of $0.44-$0.52 GAAP of $0.32, up 68% from the prior-year period and down 16% sequentially, above the midpoint of our guidance range of $0.27 to $0.35

Diluted net earnings per share (“EPS”):.

Non-GAAP of 36.2%, also an all-time record, up 200 basis points from the prior-year period and sequentially GAAP of 36.0%, an all-time record for the company, up 360 basis points from the prior-year period and up 200 basis points sequentially

Annualized revenue run-rate (“ARR”) (2): $1.1 billion, up 35% from the prior-year period and 38% in constant currency (1).

Revenue: $7.0 billion, up 4% from the prior-year period and 9% in constant currency (1).

Second Quarter Fiscal 2023 Financial Results

#Shift technologies earnings call full#

Portfolio mix shift drives revenue, margin and ARR growth raising operating profit and EPS guidance for the full year