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Hewlett Packard Enterprise today announced financial results for its fiscal 2017 and the fourth quarter, ended October 31, 2017.

Fourth Quarter Fiscal Year 2017 Results 
Combined net revenue of $7.8 billion includes $7.7 billion from continuing operations and $174 million from Software, which is now included in discontinued operations.

Fourth quarter net revenue from continuing operations of $7.7 billion was up 5% from the prior year and up 5% when adjusted for divestitures and currency.

Fourth quarter GAAP diluted net EPS from continuing operations was $0.23, up from GAAP diluted net EPS from continuing operations of $0.19 in the prior year.

Fourth quarter non-GAAP diluted net EPS from continuing operations was $0.29, up from non-GAAP diluted net EPS from continuing operations of $0.23 in the prior-year period. Fourth quarter non-GAAP net earnings from continuing operations and non-GAAP diluted net EPS from continuing operations exclude after-tax costs of $95 million and $0.06 per diluted share, respectively, related to transformation costs, separation costs, restructuring costs, disaster charges, amortization of intangible assets, acquisition and other related charges, defined benefit plan settlement charges and remeasurement benefit, an adjustment to earnings from equity interests, tax indemnification adjustments and valuation allowances and separation taxes.

Fiscal Year 2017 Results 
Combined net revenue of $37.4 billion includes $28.9 billion from continuing operations and $8.5 billion from Enterprise Services and Software, which is now included in discontinued operations.

Fiscal 2017 net revenue from continuing operations of $28.9 billion was down 5% from the prior year and up 1% when adjusted for divestitures and currency.

Fiscal 2017 GAAP diluted net EPS from continuing operations was $0.26, down from GAAP diluted net EPS from continuing operations of $1.86 in the prior year.

Fiscal 2017 non-GAAP diluted net EPS from continuing operations was $0.96, down from non-GAAP diluted net EPS from continuing operations of $1.09 in the prior year. Fiscal 2017 non-GAAP net earnings from continuing operations and non-GAAP diluted net EPS from continuing operations exclude after-tax costs of $1.2 billion and $0.70 per diluted share, respectively, related to restructuring costs, transformation costs, amortization of intangible assets, acquisition and other related charges, separation costs, disaster charges, defined benefit plan settlement charges and remeasurement benefit, an adjustment to earnings from equity interests, tax indemnification adjustments and valuation allowances and separation taxes.

“With strong top line revenue growth, earnings above our previous outlook and our second consecutive quarter of sequential margin improvement, our fourth quarter results are a reflection of the progress we have made over the past two years to transform HPE into a nimble, focused and innovative organization,” said Meg Whitman, CEO of HPE.   “Today, HPE has a very strong balance sheet, an industry-leading product portfolio and a world-class leadership team ready to drive the next phase of shareholder value.”

To view the full results, please visit: https://news.hpe.com/hpe-reports-fiscal-2017-full-year-and-fourth-quarter-results/

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