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