Why Hewlett Packard Enterprise Stock Jumped 11% on Friday [Yahoo! Finance]
HP Inc. (HPQ)
Last hp inc. earnings: 2/24 04:05 pm
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Source: Yahoo! Finance
ET, the provider of business-grade computing solutions' stock had gained 11.8%. Your average Wall Street analyst firm had expected fourth-quarter earnings of roughly $0.56 per share on revenue in the vicinity of $8.26 billion. HP Enterprise edged out both of these targets. Revenue rose 15% year over year to $8.5 billion in the period ended Oct. 31. Adjusted earnings increased 12% to $0.58 per diluted share. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » The company's customers were particularly interested in data center solutions . Server sales jumped 32% year over year while intelligent edge products saw 20% lower revenue. Rapid adoption of HP Enterprise's Greenlake cloud computing platform drove the strong data center results and gave the company a richer well of renewable subscription-style revenue. Annual recurring revenue (ARR) rose 48% from the year-ago period to $1.9 billion. The pending acquisition of high-
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HPQ
Earnings
- 11/26/24 - Miss
HPQ
Sec Filings
- 12/23/24 - Form 4
- 12/16/24 - Form 4
- 12/13/24 - Form 144
- HPQ's page on the SEC website