Exhibit 99.1
sam2016pressreleasev1a171.jpg

Hewlett Packard Enterprise
11445 Compaq Center West Drive
Houston, TX 77070

hpe.com

News Release
HPE Reports Fiscal 2021 First Quarter Results
Q1 marked by strong profitability and cash flow; raising FY21 EPS and FCF outlook

Q1 2021 Financial Highlights:
Revenue: $6.8 billion exceeded Q1 outlook with stronger than normal sequential seasonality
Intelligent Edge revenue: $806 million, up 11% from the prior-year period when adjusted for currency
Annualized revenue run-rate (ARR): $649 million, up 27% from the prior-year period
Core businesses delivered strong profitability and cash flow
Diluted net earnings per share (“EPS”):
GAAP of $0.17, above the previously provided outlook of $0.02 to $0.06 per share
Non-GAAP of $0.52, above the previously provided outlook of $0.40 to $0.44 per share
Cash flow from operations of approximately $1.0 billion, up $1.0 billion from the prior-year period
Generated record free cash flow of $563 million, up $748 million from the prior-year period

Dividend: declared a regular cash dividend of $0.12 per share, payable on April 7, 2021

Outlook:
Fiscal 2021 Second quarter: Estimates GAAP diluted net EPS to be in the range of $0.02 to $0.08 and non-GAAP diluted net EPS to be in the range of $0.38 to $0.44
Fiscal 2021: Raises GAAP diluted net EPS outlook to $0.48 to $0.66 and non-GAAP diluted net EPS outlook to $1.70 to $1.88
Fiscal 2021 free cash flow1: Raises free cash flow guidance to $1.1 to $1.4 billion

HOUSTON, Texas March 2, 2021 – Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the first quarter, ended January 31, 2021.

“We delivered a strong Q1 performance,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. “Our revenue exceeded our outlook and we significantly expanded our gross and operating margins to drive strong profitability across most of our businesses. Our non-GAAP EPS exceeded the high-end of our guidance and free cash flow was a record Q1 performance. These results give us confidence to raise our FY21 outlook.”

“The global pandemic has brought a renewed focus on digital transformation as businesses are rethinking everything from remote work and collaboration to business continuity and data insight,“ he continued. “As the world heads to recovery, our customers are looking for the agility and simplicity of the cloud native world with the


The following information was filed by Hewlett Packard Enterprise Co (HPE) on Tuesday, March 2, 2021 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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