Company Report

HPE has GAAP of $0.17 and Non-GAAP of $0.52 in Q1 2021

Hewlett Packard Enterprise (NYSE: HPE) announced financial results for the first quarter, ended January 31, 2021.

Diluted net earnings per share (“EPS”):

• GAAP of $0.17, above the previously provided outlook of $0.02 to $0.06 per share
• Non-GAAP of $0.52, above the previously provided outlook of $0.40 to $0.44 per share

GAAP gross margins of 33.5%, up 70 basis points from the prior-year period and Non-GAAP gross margins of 33.7%, up 30 basis points from the prior-year period.

GAAP diluted net earnings per share (“EPS”) was $0.17, compared to $0.25 in the prior-year period and above the previously provided outlook of $0.02 to $0.06 per share.

Non-GAAP diluted net EPS was $0.52, compared to $0.50 in the prior-year period and above the previously provided outlook of $0.40 to $0.44 per share. First quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax adjustments of $456 million and $0.35 per diluted share, respectively, primarily related to transformation costs, stock-based compensation expense and the amortization of intangible assets.

Source: https://investors.hpe.com/

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