Exhibit 99.1
sam2016pressreleasev1a17.jpg

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

hpe.com

News Release
HPE Reports Fiscal 2021 Second Quarter Results
Q2 marked by revenue growth, strong profitability and cash flow; raising FY21 EPS and FCF outlook

Q2 2021 Financial Highlights:
Revenue: $6.7 billion, up 11% from the prior-year period or 9% when adjusted for currency with better than normal sequential seasonality driven by strong demand
Annualized revenue run-rate (ARR): $678 million, up 30% from the prior-year period
Intelligent Edge revenue: $799 million, up 20% from the prior year period or 17% when adjusted for currency
HPC & MCS revenue: $685 million, up 13% from the prior-year period or 11% when adjusted for currency
Core businesses delivered revenue growth and strong profitability with Compute revenue of $3.0 billion, up 12% from the prior-year period or 10% when adjusted for currency and Storage revenue of $1.1 billion, up 5% from the prior-year period or 3% when adjusted for currency
Diluted net earnings per share (“EPS”):
GAAP of $0.19, above the previously provided outlook of $0.02 to $0.08 per share
Non-GAAP of $0.46, up 70% from the prior-year period and above the previously provided outlook of $0.38 to $0.44 per share
Cash flow from operations of $822 million, up $722 million from the prior-year period
Generated free cash flow of $368 million, up $770 million from the prior-year period

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

Outlook:
Fiscal 2021 Third quarter: Estimates GAAP diluted net EPS to be in the range of $0.04 to $0.10 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 $0.60 to $0.72 and non-GAAP diluted net EPS outlook to $1.82 to $1.94
Fiscal 2021 free cash flow1: Raises free cash flow guidance to $1.2 to $1.5 billion

HOUSTON, Texas June 1, 2021 – Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the second quarter, ended April 30, 2021.

“Our disciplined execution on our strategic priorities is positively impacting both top and bottom line performance,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. “We are strengthening our core compute and storage businesses, doubling down in our growth Intelligent Edge and HPC businesses and accelerating our pivot to as-a-service, while also advancing our cloud-first innovation agenda to become the edge-to-cloud platform as-a-service choice for our customers and partners.”



The following information was filed by Hewlett Packard Enterprise Co (HPE) on Tuesday, June 1, 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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