- Hewlett Packard Enterprise projects FY 2016 revenue to grow at 1%-2% Y/Y, EPS at $1.90-$1.95 (high end of original outlook), free cash flow of $1.7B-$1.9B and share repurchases and dividends of $3B.
- President and CEO Meg Whitman: "Hewlett Packard Enterprise is in a strong position. We have a clear strategy, aligned to the market opportunity, and will be more focused than ever on how we innovate in our business models, our products, our solutions and our go-to-market."
- On recent pending transactions, HPE provides three separate views of FY 2017, factoring combined company, as reported and future HPE outlooks. Combined (as structured today, including full year of ES and Software) – forecasts revenue flat to lower by 1%, EPS of $2-$2.10 and free cash flow of $3.6B-$3.9B. As reported (partial year ES, Software contributions) – EPS of $1.45-$1.55, negative free cash flow of $1.8B (expects to normalize in FY 2018), operating net cash balance of $8B and $3B of shareholder returns. Future HPE (excluding partial year contributions from ES, Software) – "Modest revenue growth", EPS of $1.25-$1.35 and free cash flow of $2.1B-$2.4B modeled.
- HPE (NYSE:HPE) +0.84% pre-market.
- Press release