Exhibit 99.1
sam2016pressreleasev1a14.jpg

 
 
 
Hewlett Packard Enterprise
6280 America Center Drive
San Jose, CA 95002
 
hpe.com
  
 
Editorial contact
Stefanie Notaney
stefanie.notaney@hpe.com

Andrew Simanek
investor.relations@hpe.com

News Release

HPE Delivers Q3 Results

Q3 2019 Financial Highlights:
Revenue: $7.2 billion
Gross Margins: 33.9%, up 340 basis points from the prior-year period
Diluted Net Earnings Per Share: 
GAAP ($0.02), includes ($0.42) adjustment for a one-time arbitration award to DXC, compared to the previously provided outlook of $0.29 to $0.33 per share
Non-GAAP $0.45, up 7% from the prior-year period EPS and above the previously provided outlook of $0.40 to $0.44 per share
Cash Flow from Operations: $1.2 billion, and $2.6 billion year-to-date, up $927 million from the prior-year-to-date period
Free Cash Flow: $648 million, and $860 million year-to-date, up $790 million from the prior-year-to-date period

FY 2019 Outlook:
Earnings Per Share: Adjusting GAAP diluted net earnings per share outlook to $0.65 to $0.69 due to a one-time arbitration award to DXC and raising non-GAAP diluted net earnings per share outlook to $1.72 to $1.76
Free Cash Flow: Reiterating free cash flow guidance of $1.4 to $1.6 billion

SAN JOSE, Calif., Aug. 27, 2019 - Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for its fiscal 2019 third quarter, ended July 31, 2019.

“In Q3, we improved both gross and operating margins, delivered strong non-GAAP earnings, and generated a record level of year-to-date free cash flow,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. “We also invested in important innovation for our customers and announced strategic acquisitions, including Cray, which we now expect to close by the end of fiscal year 2019, earlier than originally planned.”

“Our strong operational performance reflects continued disciplined execution as we deliberately shift and enhance our portfolio to provide customers with higher-value, software-defined offerings, delivered as a Service,” added Neri. “I remain confident in our ability to drive profitable growth as we execute our strategy.”




The following information was filed by Hewlett Packard Enterprise Co (HPE) on Tuesday, August 27, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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