From Financial Modeling Prep: 2024-12-06 11:26:00

Hewlett Packard Enterprise (NYSE:HPE) shares surged over 9% today after reporting fourth-quarter results that beat expectations. Adjusted earnings per share were $0.58, exceeding the consensus of $0.56. Revenue hit a record $8.5 billion, up 15% year-over-year, outpacing analysts’ forecast of $8.26 billion.

The strong performance was driven by a 32% increase in server revenue to $4.7 billion and an 18% growth in hybrid cloud revenue to $1.6 billion. This showcases the company’s strength in diversified enterprise solutions.

HPE projected first-quarter 2025 adjusted earnings per share to range from $0.47 to $0.52, aligning with the Street consensus of $0.48. The company anticipates mid-teens percentage revenue growth year-over-year in the upcoming quarter, indicating continued momentum.



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