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Tuesday, November 21, 2017

=Hewlett Packard Enterprise (HPE) reported earnings on Tue 21 November 2017 (a/h)

Hewlett Packard Enterprise beats by $0.01, misses on revs; guides Q1 EPS below consensus; maintains FY18 EPS in-line 
  • Reports Q4 (Oct) earnings of $0.29 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.28; revenues rose 4.6% year/year to $7.66 bln vs the $7.78 bln Capital IQ Consensus.
  • Co issues downside guidancefor Q1, sees EPS of $0.20-0.24, excluding non-recurring items, vs. $0.27 Capital IQ Consensus Estimate.
  • Co maintains guidancefor FY18, sees EPS of $1.15-1.25, excluding non-recurring items, vs. $1.19 Capital IQ Consensus Estimate.
Hewlett Packard Enterprise announces effective February 1, 2018, Antonio Neri, current President of HPE, will become President and CEO, and will join the HPE Board of Directors 
In 2011, Neri began running the company's Technology Services business, then its Server and Networking business units, before running all of Enterprise Group beginning in 2015.
  • As the leader for HPE's largest business segment, comprising server, storage, networking and services solutions, Neri was responsible for setting the R&D agenda, bringing innovations to market, and go-to-market strategy and execution.
  • Neri was appointed President of HPE in June 2017.
    • In addition to leading the company's four primary lines of business, as President, Neri has been responsible for HPE Next, a program to accelerate the company's core performance and competitiveness.
  • Meg Whitman, current Chief Executive Officer, will remain on the HPE Board of Directors.

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