HPE improves its forecasts for the fiscal year 2022 after doubling its net income

HPE has presented the results of the first quarter of your fiscal year 2022characterized by net revenues that have more than doubled those achieved in the same period of 2021, and which have made the company improve your forecasts for the whole of this year, in which he expected to have earnings per share of between $1.36 and $2.03. Now, HPE expects its shares to gain between $1.50 and $2.17 this year.

As for the net income of HPE, which as we have said have more than doubled the 223 million dollars harvested a year ago, have reached the 513 million of dollars. Additionally, HPE’s earnings per share have come in at $0.39, also more than double what it was in the first quarter of 2021, when it was $0.17. This despite the fact that the company continues to suffer the effects of supply chain problems.

Even so, in addition to a more than notable improvement in net income, its gross margins have improved by 33.7%. As for the total income of the company during the period, they have experienced a more modest increase: 2%, to stay at 6,960 million dollars.

By divisions, the intelligent Edge division has reported most of its revenue to HPE, which has been 901 million dollars. This figure represents a rise of 11% year-on-year. As for the High Performance Computing and Artificial Intelligence division, revenue grew by 4% in the period, to 790 million dollars.

Antonio Neri, CEO and President of HPEhas highlighted that this is the third consecutive quarter that the company has experienced year-on-year growth in the number of orders equal to or greater than 20%, and that this quarter «has been characterized by its profitability and robust customer demand, demonstrating the strength of our differentiated edge-to-cloud strategy and portfolio innovation«.

Apart from this, the company’s board of directors has approved the payment of a quarterly dividend of 0.12 dollars per share, which will be paid on April 8. In addition, they have also decided to initiate a new share buyback, for a total value of 284 million dollars.

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