This is down from the company’s estimated 44 cents per share from Q1 2015.
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According to HPE, the earnings for the next quarter could be as high as 43 cents a share.
In November, Hewlett-Packard split into two companies: HP Inc., which focuses on PCs and printers, and HPE, which will sell devices like servers to businesses.
“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”.
For fiscal 2016, Hewlett Packard Enterprise estimates non-GAAP diluted net EPS to be in the range of $1.85 to $1.95 and GAAP diluted net EPS to be in the range of $0.75 to $0.85.
A number of other equities analysts have also recently commented on the company.
Shares are trading lower than they were when the company became independent October 19, but most public debuts from that period have suffered from the overall market decline.
Enterprise Services, the IT outsourcing unit, saw revenue fall 6 percent to $4.7 billion, though HPE said it would have been flat after adjusting for the effect of currencies.
11/17/2015 – Raymond James began new coverage on Hewlett Packard Enterprise Co giving the company a “market perform” rating. For the fourth quarter of fiscal 2016, GAAP gross margin was 65.3% and GAAP product gross margin was 68.2%, compared to 55.2% and 58.3%, respectively, in the year-ago quarter. The company had revenue of $12724.00 million for the quarter, compared to analysts expectations of $12650.07 million. During the same quarter in the previous year, the company posted $0.92 EPS.
“With steady demand from enterprise clients around security intelligence, HPE has a significant opportunity to turn around declining revenues”.
Another check on revenue growth is the strong dollar and weakness in China’s and Brazil’s economies.
As for HPE Software – which the firm repeatedly, and rather boringly, refers to as the industry’s best kept secret – sales slipped ten per cent to $780m; licensing was down six per cent; support was down 13 per cent; professional services fell seven per cent; and SaaS shrank nine per cent.
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Software revenue was $780 million, down 10% year over year, down 6% in constant currency, with a 17.4% operating margin.
