11/30/2021, 10:08 PM (Source: TeleTrader)
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HPE's Q4 net earnings surge to $2.55 billion

Hewlett Packard Enterprise Co. reported on Tuesday its earnings results for its fiscal fourth quarter of 2021, revealing that its net revenue annually increased by 2% to reach $7.35 billion. However, net earnings surged from $157 million to $2.55 billion in the same period, with net earnings per diluted share soaring to $1.91.

"HPE ended fiscal year 2021 with record demand for our edge-to-cloud portfolio, and we are well-positioned to capitalize on the significant opportunity in front of us. In 2021, we accelerated our pivot to as a service, strengthened our core capabilities, and invested in bold innovation in high-growth segments," Chief Executive Antonio Neri noted.

HPE's stocks declined 3.07% in the after-hours trading to sell for $13.91 a share following the earnings announcement.

Baha Breaking the News (BBN) / ND