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Hewlett Packard Enterprise delivers upbeat outlook as Q4 revenue tops estimates

By Yasin Ebrahim

Investing.com -- Hewlett Packard Enterprise delivered Tuesday a brighter than expected outlook for the current quarter after reporting fiscal fourth-quarter revenue that topped analysts estimates on strong demand for its cloud offering.

Hewlett Packard Enterprise Co (NYSE:HPE) was up more than 2% in afterhours trading.

The company reported in-line Q4 EPS of 57 cents, on revenue on $7.87 billion, topping estimates of $7.4B.

Intelligent Edge unit, which is a pivotal part of the company's transformation plan, saw revenue rise 18% to $965M.

For Q1, the company guided EPS in the range of $0.50 to $0.58 on revenue of $7.2B to $7.6B, compared with estimates for $0.50 and $6.99B, respectively.

Looking further ahead to the full-year 2023, EPS was expected in a range of $1.96 to $2.04, in-line with estimates of $2.02

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.