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Hewlett Packard Enterprise Company (HPE-0.98%) has filed its annual report for the fiscal year ended October 31, 2024 filing.
The company reported net revenue of $30.1 billion, a 3.4% increase from the previous year, driven by higher average unit prices in the Server segment.
Gross profit margin decreased to 32.8% from 35.1% due to a decline in revenue in the Intelligent Edge segment and a higher mix of lower-margin products in the Server segment.
Operating profit margin remained relatively flat at 7.3%, with earnings from operations totaling $2.19 billion, a 4.8% increase from the prior year.
Net earnings attributable to HPE were $2.58 billion, a 27.4% increase from the previous year, while diluted net earnings per share rose to $1.93.
Cash flow from operations was $4.34 billion, slightly down from $4.43 billion in the previous year, with free cash flow reported at $2.3 billion.
The company highlighted a 49% year-over-year increase in Annualized Revenue Run-rate (ARR), reaching $1.94 billion, reflecting growth in Hybrid Cloud, Server, and Intelligent Edge segments.
Hewlett Packard Enterprise completed the sale of 30% of its H3C equity interest to UNIS, resulting in a gain of $733 million.
The company is proceeding with its acquisition of Juniper Networks, Inc., with the transaction expected to close following regulatory approvals.
Hewlett Packard Enterprise's balance sheet shows a cash and cash equivalents balance of $15.1 billion, with total debt at $18.2 billion.
The company continues to focus on its edge-to-cloud strategy, aiming to deliver its entire portfolio as-a-service through the HPE GreenLake cloud.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Hewlett Packard Enterprise Company annual 10-K report dated December 19, 2024. To report an error, please email earnings@qz.com.