Q2 2019 Financial Highlights:

• Revenue: $7.2 billion
• Diluted Net Earnings Per Share:
  • GAAP $0.30, down 44% from the prior-year period EPS from continuing operations due primarily to one-time, non-cash adjustments related to U.S. tax reform in the prior-year period and above the previously provided outlook of $0.19 to $0.23
  • Non-GAAP $0.42, up 31% from the prior-year period EPS and above the previously provided outlook of $0.34 to $0.38 per share
• Cash Flow from Operations: $987 million, up 300% from $247 million in the prior-year period
• Free Cash Flow: $402 million, up $671 million from the prior-year period

FY 2019 Outlook:

• Earnings Per Share: Raising GAAP diluted net earnings per share outlook to $0.98 to $1.08 and non-GAAP diluted net earnings per share outlook to $1.62 to $1.72
• Free Cash Flow: Reiterating free cash flow guidance of $1.4 to $1.6 billion

SAN JOSE, Calif. — (BUSINESS WIRE) — May 23, 2019 — Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for its fiscal 2019 second quarter, ended April 30, 2019.

“In Q2 we demonstrated traction in critical areas for our customers that delivered strong margin improvement, EPS above our outlook and solid cash flow,” said Antonio Neri, President and CEO of HPE. “We continue to make important strategic moves that further enhance our competitive position and ability to better serve our customers in a hybrid world. I remain confident that our edge-to-core strategy backed by the important investments we’ve been making will generate positive shareholder returns in the near and longer term.”

Second Quarter Fiscal Year 2019