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Antonio Neri, CEO of Hewlett Packard Enterprise, performs during an interview with the CNBC on the floor of the New York Stock Exchange (NYSE) in New York, October 20, 2023.
Brendan McDerdia | Reuters
Hewlett Packard Enterprise On Thursday, Sleed 19% in extended trading when the manufacturer of the data centers issued the quarterly and throughout the year the management that came below consensus.
Here’s how the company did in the financial first quarter compared to the LSEG consensus:
- Profit per share: 49 cents adjusted against 49 cents expected
- Income: 7.85 billion dollars against $ 7.82 billion expected
HPE revenues grew by 16% per year ending January 31 according to statement. The company made a profit of $ 598 million, or $ 44 per share, which is compared to $ 387 million, or $ 29 per share, a year earlier. Adjustable Profit for the share excludes stock -based compensation.
“We could do better,” said CEO Antonio Neri at a conference with analysts. The company had higher than the usual artificial intelligence inventory due to the transition to Blackwell Blackwell divisions from Blackwell Nvidia.
The lag for AI Systems has grown by 29% to a quarter of $ 3.1 billion. The total revenue of the server amounted to $ 4.29 billion.
HPE was engaged in a wide discount on the market, selling traditional servers during the quarter, said Finance Head Mar Maris. As the HPE quarter passes, she moved to restrict trips and discrete costs, she said.
“We expect that pricing adjustments can adversely affect the top line growth in the near future,” Mars said.
The company said it would carry out a cost reduction program related to layoffs over the next 18 months, which will lead to $ 350 million by gross savings by the 2027 financial year. The press secretary will affect about 2500 employees representing about 5% of the workforce, if they also take into account the expected decrease. At the end of October in HPE, 61,000 people worked, according to the latest Annual report.
In January, the US Department of Justice sued the Federal District Court to stop the purchase of HPE from acquisition Juniper’s networks. Hpe announced The proposed transaction of $ 14 billion in January 2024. The court expects the court to start in July, the statement said. The transaction must close by October 2025, HPE said. In December the company said The transaction will be made at the beginning of 2025.
HPE called for 28 cents to 34 cents with adjusted income for the second quarter of the financial quarter, with a profit from $ 7.2 billion and $ 7.6 billion. Analysts surveyed by LSEG searched $ 50 cents for $ 7.93 billion.
For the 2025 fiscal year HPE sees a profit profit from $ 1.70 to $ 1.90 per share. Analysts surveyed by LSEG predicted $ 2.13 per share.
NPO expects to update its prices to reflect higher expenses from the US tariffs, said Neri, adding that it does not perceive business deterioration by the so -called government efficiency Donald Trump.
As of the closing of Thursday, HPE shares increased about 2%by 2025, while the S&P 500 index decreased by 2%.
See: HPE stocks fall more than 10% after ambiguous earnings, dismissal plans
