Hewlett Packard Enterprise Raises FY19 Outlook - Quick Facts

(RTTNews) - Hewlett Packard Enterprise (HPE) announced, for fiscal 2019, the company now estimates GAAP net EPS to be in the range of $0.88 to $0.98 and the non-GAAP net EPS to be in the range of $1.56 to $1.66. For the second quarter, Hewlett Packard Enterprise estimates GAAP net EPS to be in the range of $0.19 to $0.23 and non-GAAP net EPS to be in the range of $0.34 to $0.38.

First-quarter non-GAAP net EPS from continuing operations was $0.42, up from non-GAAP net EPS from continuing operations of $0.32 in the prior-year period. Net revenue of $7.6 billion, was down 2% from the prior-year period, and down 1% when adjusted for currency. Net revenue was up 1% from the prior-year period, excluding Tier-1 server sales.