HPE ends fiscal 2021 with record demand for its edge to cloud portfolio

HPE has ended its fiscal year 2021 with quarterly results that, in the words of its CEO Antonio Neri, show a «record demand for edge-to-cloud portfolio«. The quarter, which ended at the end of last October, registered about revenue of 7.4 billion dollars, an amount that represents an increase over the same period last year of 2%. In addition, he made a profit of $ 0.52 for each share. A panorama that leaves the company, according to Neri, «in a good place to capitalize on the significant opportunity ahead«.

HPE’s Storage Products division increased revenue by 3% to $ 1.3 billion, largely driven by the company’s flash-based and array storage products. In addition, its sales in computers rose 1%, since it received 3.2 billion dollars for them.

Meanwhile, revenue from its Smart Edge products improved 4% year-on-year to $ 815 million. In terms of revenue from its high-performance computing and Artificial Intelligence computing products, it brought in up to $ 1 billion, a 1% higher amount. Lastly, the company’s Financial Services division also rose in revenue: 1% to $ 858 million.

The company’s annualized projection rate also improved: 36% to $ 796 million, and HPE recognizes that orders for its products sold “as a service” have more than doubled. For the current quarter, the first of the company’s fiscal 2022, HPE expects earnings per share of between $ 0.42 and $ 0.50 per share. Total, for the entire HPE fiscal year 2022, which has just begun, expect to earn between $ 1.96 and $ 2.10 per share.

It has not been the only forecast of the company for the year that has just started. Thus, they expect to have a cash flow from operations of between 1,800 and 2,000 million dollars, and they commit to buy back a minimum of 500 million of their shares throughout the fiscal year.

Neri points out that «In 2021 we accelerate our shift to as a service, strengthen our core capabilities and invest in bold innovation in high growth segments. As our customers continue to demand greater connectivity, access to solutions that enable them to extract value from their data no matter where it is located, and a cloud-like experience everywhere, HPE is poised to accelerate our market leadership and deliver solid dividends to shareholders«.

For its part, Tarek Robbiati, Vice President and CFO, HPE, highlights that «HPE executed with discipline and exceeded all of our financial targets in fiscal 2021. The demand environment has been incredibly strong, accelerating in the second half of the year, leaving us with significant momentum into next year. We are operating with a greater focus and more agility, and we are well placed to meet our projections for fiscal year 2022«.

Related Articles

Leave a Reply

Your email address will not be published.