Hewlett Packard Enterprise Q1 net revenue 8%Christian Fernsby ▼ | March 3, 2020
Hewlett Packard Enterprise announced financial results for its fiscal 2020 first quarter, ended Jan. 31, 2020.
Hewlett Packard Enterprise Annualized revenue run rate (ARR) of $511 million, up 19%
Topics: Hewlett Packard Enterprise
Market uncertainty, supply constraints, and North America manufacturing capacity constraints impacted revenue in Q1, particularly in Compute.
Annualized revenue run rate (ARR) of $511 million, up 19% from the prior year period.
GreenLake services orders finished the quarter with 48% year over year growth.
GAAP gross margin of 32.8%, up 170 basis points from the prior year period and Non-GAAP gross margin of 33.2%, up 210 basis points from the prior year period.
Cash flow from operations of ($79) million compared to $382 million in the prior year period.
Free cash flow of ($185) million compared to ($190) million in the prior year period. ■