HPE reported for the third quarter of the 2017 financial year
Hewlett Packard Enterprise (HPE) has published the report for the third quarter of the 2017 financial year, ended it on 31 July 2017.
Income for the reporting period amounted to 8.2 billion dollars. This was 3% more income for the third quarter of fiscal 2016, equal to 8.0 billion dollars. And given the change in the exchange rate, the growth increases to 6%. The manufacturer says that the rate of 6% (adjusted for exchange rates) is obtained, and in that case, if we consider the activities of the company excluding software division, recently derived from the composition of HPE.
Operating margin for the year decreased from 33,0% to 1.8%, and net profit — from 2.5 to 0.2 billion dollars, or 90%. The calculation methodology GAAP, which remove the impact of separation and other factors unrelated to the operations, gives the value of profitability of 8.4% (last year the non-GAAP calculation gave a value of 9.9%) and net profit of 0.5 billion. A year ago, net profit non-GAAP was equal to 0.7 billion dollars.
According to the company’s management, the actual results of the quarter were better than planned, which indicates the correctness of the chosen plan of reorganization and the success of its implementation.