By Davit Kirakosyan
Hewlett Packard Enterprise (NYSE:HPE) reported its Q3 results, with EPS of $0.48 coming in better than the consensus estimate of $0.47. Revenue was up 1% year-over-year (up 4% adjusted for currency) to $7 billion, beating the consensus estimate of $6.93 billion.
Annualized revenue run-rate (ARR) was up 22% year-over-year (up 28% adjusted for currency) to $858 million, and total as-a-Service orders were up 39% year-over-year.
“Our continued innovation and focus on execution resulted in revenue and profit growth, which are particularly noteworthy in such a dynamic market. Our growth in recurring revenue this fiscal year is evidence of customers’ strong response to our HPE GreenLake platform,” said Antonio Neri, president, and CEO of Hewlett Packard Enterprise.
The company expects Q4/22 EPS to be in the range of $0.52-$0.60, compared to the consensus estimate of $0.58. Full 2022-year EPS is expected in the range of $1.96-$2.04, compared to the consensus estimate of $2.03. The company reiterated its 2022 revenue growth of 3-4% adjusted for currency.