Filing Flows › Hewlett Packard Enterprise (HPE) › Q4 FY24
Hewlett Packard Enterprise (HPE) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 19, 2024
Hewlett Packard Enterprise (HPE) reported revenue of $8.5B for the fourth quarter fiscal 2024 (Q4 FY24), +15% from a year earlier and +10% from the quarter before. Operating margin was 8.2%, net earnings $1.4B (16.2% of revenue).
Hewlett Packard Enterprise, Q4 FY24: revenue $8.5B (+15% year over year), operating margin 8.2%, net earnings $1.4B, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.5B | +10% | +15% |
| Operating profit | $693M | +27% | +37% |
| Net earnings | $1.4B | +167% | +113% |
| Operating cash flow | $2.0B | +76% | -29% |
| Free cash flow | $1.4B | +133% | -34% |
What changed
Revenue was $8.5B in Q4 FY24, up 15% year over year and up 10% from the previous quarter.
Operating profit was $0.69B, a 8.2% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 7% margin then. Total costs grew 13% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $1.4B, up 113% year over year. The effective tax rate was 3.6%. Non-operating items added $0.72B, 51% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.0B (down 29% year over year), 149% of net earnings. Non-cash charges added back $0.64B of depreciation and amortization and $0.09B of share-based compensation. Capital expenditures of $0.61B left free cash flow of $1.4B.
Questions
What was Hewlett Packard Enterprise's revenue in the fourth quarter fiscal 2024?
Hewlett Packard Enterprise (HPE) reported revenue of $8.5B for the fourth quarter fiscal 2024 (Q4 FY24), +15% from a year earlier and +10% from the quarter before.
Was Hewlett Packard Enterprise profitable in the fourth quarter fiscal 2024?
Operating profit was $693M (8.2% of revenue) and net earnings $1.4B.