HPE reported for fiscal year 2016

Hewlett Packard Enterprise (HPE), as it is known, is obtained by dividing HP into two companies, has published a report for the last quarter of fiscal year 2016 and the year as a whole. Please specify what accounting period it ended on 31 October.

The quarterly revenue of the company amounted to 12.5 billion dollars. This was 7% less income for the same period of the previous year. However, given the change in the exchange rate, the reduction will amount to only 2%. Net profit for the quarter amounted to 0.3 billion dollars. This is 78% less than last year, equal to 1.4 billion dollars.

In General, during the year he received an income of 50.1 billion dollars. It turned out to be 4% less than the previous fiscal year, when it was received income in the amount of 52.1 billion dollars. Again, adjusted for the change in the exchange rate it turns out that the annual income decreased by 2%. Net profit for the year amounted to $ 3.2 billion, an increase of 28% compared with the figure for fiscal year 2015 equal to $ 2.5 billion.

During the year, the manufacturer returned to shareholders 3.0 billion dollars through dividends and share buybacks. As at the end of the year in a HPE was 7.6 billion dollars. Note that a year ago this figure was equal to 2.3 billion dollars.

Source: HP

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