HPE may as well have stayed at home in bed: Biz turns non-profit as sales fall, costs rise

HPE may as well have stayed at home in bed: Biz turns non-profit as sales fall, costs rise

5 years ago
Anonymous $4ckUSNo_FL

https://www.theregister.co.uk/2019/08/28/hpes_q3_financials/

HPE announced its fiscal third quarter results for this year on Tuesday, reporting mixed results with an overall dip in sales and growth in gross margins compared to the previous year. However, the enterprise giant couldn't do the biggest job – actually turning a profit.

CEO Antonio Neri opened an earnings call with analysts on Tuesday: β€œIn Q3, we improved both gross and operating margins, delivered strong non-GAAP earnings, and generated a record level of year-to-date free cash flow.”

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