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HPE revenues down 3% in Q1 on forex effects
2016-03-04 13:27:00| Telecompaper Headlines
(Telecompaper) Hewlett-Packard Enterprise (HPE) reported revenues of USD 12.7 billion in its fiscal first quarter to 31 January, the company's first full quarter results since HP separated into two entities. The result was 4 percent up on the Q1 2015 result of USD 13.1 billion on a constant currency basis and 3 percent down on a reported basis. Non-GAAP diluted net earnings per share came in at USD 0.41, at the top end of the previously provided outlook of USD 0.37 to USD 0.41 per share, with HPE returning USD 1.3 billion to shareholders in the form of share repurchases and dividends. HPE said it profited from being more "focused and nimble" in its first quarter as an independent company, delivering a third consecutive quarter of year-on-year constant currency revenue growth.
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Category:Telecommunications