Hewlett Packard Enterprise beats by $0.01, misses on revs; guides Q1 EPS below consensus; maintains FY18 EPS in-line
- Reports Q4 (Oct) earnings of $0.29 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.28; revenues rose 4.6% year/year to $7.66 bln vs the $7.78 bln Capital IQ Consensus.
- Co issues downside guidancefor Q1, sees EPS of $0.20-0.24, excluding non-recurring items, vs. $0.27 Capital IQ Consensus Estimate.
- Co maintains guidancefor FY18, sees EPS of $1.15-1.25, excluding non-recurring items, vs. $1.19 Capital IQ Consensus Estimate.
In 2011, Neri began running the company's Technology Services business, then its Server and Networking business units, before running all of Enterprise Group beginning in 2015.
- As the leader for HPE's largest business segment, comprising server, storage, networking and services solutions, Neri was responsible for setting the R&D agenda, bringing innovations to market, and go-to-market strategy and execution.
- Neri was appointed President of HPE in June 2017.
- In addition to leading the company's four primary lines of business, as President, Neri has been responsible for HPE Next, a program to accelerate the company's core performance and competitiveness.
- Meg Whitman, current Chief Executive Officer, will remain on the HPE Board of Directors.
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