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Primeur weekly 2018-02-26

Focus

The European Processor Initiative (EPI) to develop the processor that will be at the heart of the European exascale supercomputer effort ...

Quantum computing

Unconventional superconductor may be used to create quantum computers of the future ...

Developing reliable quantum computers: International research team makes important step on the path to solving certification problems ...

Programming on a silicon quantum chip ...

D-Wave locks in $20 million funding and completes prototype of next-gen quantum processor ...

Focus on Europe

Luxembourg joins the European supercomputer network PRACE ...

ICEI Public Information Event on the realisation of a federated HPC and data analytics infrastructure ...

Dutch eScience and Lorentz Centers launch Call to host workshop on digitally enhanced research ...

Middleware

Adaptive Computing announces release of Moab HPC Suite 9.1.2 ...

NCSA Assistant Director Dan Katz named BSSw Fellow ...

University of Nevada, Las Vegas' supercomputing boosted through new collaboration with Altair ...

Hardware

C-DAC focusing on cancer treatment using supercomputers as a tool ...

South-Korean Ministry of Science and Technology to announce Second National High-Performance Computing Fundamental Plan ...

IBM reveals novel energy-saving optical receiver with a new record of rapid power-on/off time ...

Computers learn to learn: Intel and researchers from Heidelberg and Dresden present three new neuromorphic chips ...

HPE helps U.S. Department of Defense to advance national defense capabilities ...

OCF deploys petascale Lenovo supercomputer at University of Southampton ...

HPE reports fiscal 2018 first quarter results ...

Ranovus announces general availability of its on-board optics and CFP2 direct detect transceiver products for 5G mobility and data centre interconnect applications ...

Mellanox appoints Steve Sanghi and Umesh Padval to Board of Directors ...

Applications

Supercomputers aid discovery of new, inexpensive material to make LEDs with high colour quality ...

AI companies to reuse crypto mining farms for deep learning in health care ...

Computer scientists and materials researchers collaborate to optimize steel classification ...

Boris Kaus receives ERC Consolidator Grant for his research in magmatic processes ...

Metabolic modelling becomes three-dimensional ...

Powerful supercomputer unlocks possibilities for tinier devices and affordable DNA sequencing ...

New Berkeley Lab algorithms create "Minimalist Machine Learning" that analyzes images from very little information ...

The Cloud

Adaptive Computing makes HPC Cloud strategies more accessible with the Moab/NODUS Cloud Bursting 1.1.0 release ...

USFlash

Gen-Z Consortium announces the public release of its Core Specification 1.0 ...

HPE reports fiscal 2018 first quarter results


22 Feb 2018 Palo Alto - Hewlett Packard Enterprise has issued financial results for its fiscal 2018 first quarter, ended January 31, 2018. First quarter net revenue of $7.7 billion was up 11% from the prior year and up 9% when adjusted for currency.

First quarter GAAP diluted net earnings per share ("EPS") from continuing operations was $0.92, up from GAAP diluted net EPS from continuing operations of $0.15 in the prior-year period. First quarter non-GAAP diluted net EPS from continuing operations was $0.34, up from non-GAAP diluted net EPS from continuing operations of $0.28 in the prior-year period.

First quarter non-GAAP net earnings from continuing operations and non-GAAP diluted net EPS from continuing operations exclude after-tax adjustments of $935 million and $0.58 per diluted share, respectively, primarily related to the impact of U.S. tax reform, tax indemnification adjustments, income tax valuation allowances and separation taxes, transformation costs, amortization of intangible assets, an adjustment to earnings in equity interest, acquisition and other related charges, restructuring charges, and separation costs.

"Our strong Q1 performance is proof that we have the right strategy and improved execution", stated Antonio Neri, President and CEO of HPE. "We had good revenue growth across every business segment, continued to execute HPE Next with no disruption to the business, and delivered strong shareholder return in the form of share repurchases and dividends."

For the fiscal 2018 second quarter, Hewlett Packard Enterprise estimates GAAP diluted net EPS to be in the range of $0.10 to $0.14 and non-GAAP diluted net EPS to be in the range of $0.29 to $0.33. Fiscal 2018 second quarter non-GAAP diluted net EPS estimates exclude after-tax costs of approximately $0.19 per diluted share, primarily related to transformation costs and the amortization of intangible assets.

For fiscal 2018, Hewlett Packard Enterprise now estimates GAAP diluted net EPS to be in the range of $1.35 to $1.45 and non-GAAP diluted net EPS to be in the range of $1.35 to $1.45. Fiscal 2018 non-GAAP diluted net EPS estimates primarily exclude the after-tax impact of transformation costs and the amortization of intangible assets, offset by the impact of U.S. tax reform.

"Given the recent tax reform in the U.S., which will provide easier access to off-shore cash, we are increasing our shareholder return commitment and our investment in employees", Antonio Neri added. "We now plan to return $7 billion to shareholders in the form of share repurchases and dividends by the end of FY19, including a 50% increase in our dividend. In addition, we will significantly increase the matching contribution for our employees' 401(k) programme and create new degree assistance programmes to encourage development and learning for employees around the world."

Fiscal 2018 first quarter segment results include the following:

  • Hybrid IT revenue was $6.3 billion, up 10% year over year and up 9% when adjusted for currency, with a 9.6% operating margin. Compute revenue was up 11%, up 10% when adjusted for currency, Storage revenue was up 24%, up 23% when adjusted for currency, DC Networking revenue was up 27%, up 25% when adjusted for currency, and Pointnext revenue was up 2%, flat when adjusted for currency.
  • Intelligent Edge revenue was $620 million, up 9% year over year and up 7% when adjusted for currency, with a 2.9% operating margin. HPE Aruba Product revenue was up 9%, up 7% when adjusted for currency, HPE Aruba Services revenue was up 6%, up 6% when adjusted for currency.
  • Financial Services revenue was $888 million, up 8% year over year and 5% when adjusted for currency, net portfolio assets were up 6%, and financing volume was up 7%. The business delivered an operating margin of 8.1%.
Source: Hewlett Packard Enterprise - HPE

Back to Table of contents

Primeur weekly 2018-02-26

Focus

The European Processor Initiative (EPI) to develop the processor that will be at the heart of the European exascale supercomputer effort ...

Quantum computing

Unconventional superconductor may be used to create quantum computers of the future ...

Developing reliable quantum computers: International research team makes important step on the path to solving certification problems ...

Programming on a silicon quantum chip ...

D-Wave locks in $20 million funding and completes prototype of next-gen quantum processor ...

Focus on Europe

Luxembourg joins the European supercomputer network PRACE ...

ICEI Public Information Event on the realisation of a federated HPC and data analytics infrastructure ...

Dutch eScience and Lorentz Centers launch Call to host workshop on digitally enhanced research ...

Middleware

Adaptive Computing announces release of Moab HPC Suite 9.1.2 ...

NCSA Assistant Director Dan Katz named BSSw Fellow ...

University of Nevada, Las Vegas' supercomputing boosted through new collaboration with Altair ...

Hardware

C-DAC focusing on cancer treatment using supercomputers as a tool ...

South-Korean Ministry of Science and Technology to announce Second National High-Performance Computing Fundamental Plan ...

IBM reveals novel energy-saving optical receiver with a new record of rapid power-on/off time ...

Computers learn to learn: Intel and researchers from Heidelberg and Dresden present three new neuromorphic chips ...

HPE helps U.S. Department of Defense to advance national defense capabilities ...

OCF deploys petascale Lenovo supercomputer at University of Southampton ...

HPE reports fiscal 2018 first quarter results ...

Ranovus announces general availability of its on-board optics and CFP2 direct detect transceiver products for 5G mobility and data centre interconnect applications ...

Mellanox appoints Steve Sanghi and Umesh Padval to Board of Directors ...

Applications

Supercomputers aid discovery of new, inexpensive material to make LEDs with high colour quality ...

AI companies to reuse crypto mining farms for deep learning in health care ...

Computer scientists and materials researchers collaborate to optimize steel classification ...

Boris Kaus receives ERC Consolidator Grant for his research in magmatic processes ...

Metabolic modelling becomes three-dimensional ...

Powerful supercomputer unlocks possibilities for tinier devices and affordable DNA sequencing ...

New Berkeley Lab algorithms create "Minimalist Machine Learning" that analyzes images from very little information ...

The Cloud

Adaptive Computing makes HPC Cloud strategies more accessible with the Moab/NODUS Cloud Bursting 1.1.0 release ...

USFlash

Gen-Z Consortium announces the public release of its Core Specification 1.0 ...