TELETRADER News
11/29/2022, 10:10 PM (Source: TeleTrader)
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HPE's revenue at $7.87B in Q4, 2nd highest on record

Hewlett Packard Enterprise posted on Tuesday record earnings results for its fourth fiscal quarter of 2022, reporting that its revenue annually increased by 7% to reach $7.87 billion. However, HPE saw a net loss of $304 million in the quarter ending October 31, with a diluted loss per share reaching $0.23.

"HPE had an impressive fourth quarter, generating an outstanding performance across our key performance metrics... We are producing strong financial results as we meet new customer needs with the edge-to-cloud portfolio that only we can deliver," CEO Antonio Neri noted.

HPE's stock soared 2.85% in the after-hours trading following the announcement.

Baha Breaking News (BBN) / ND