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Hewlett Packard Enterprise Q1 net revenue 8%

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Christian Fernsby ▼ | March 3, 2020
Hewlett Packard Enterprise announced financial results for its fiscal 2020 first quarter, ended Jan. 31, 2020.
Hewlett Packard Enterprise
Hewlett Packard Enterprise   Annualized revenue run rate (ARR) of $511 million, up 19%
Net revenue of $6.9 billion, down 8% from the prior year period and 7% from the prior year period when adjusted for currency.

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.


 

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