HP Enterprise reports Q1 ARR up 45% y/y

Reports Q1 annualized revenue run-rate of $2.1B, up 45% from the prior-year period in actual dollars and 46% in constant currency. Server revenue was $4.3 billion, up 29% from the prior-year period in actual dollars and up 30% in constant currency, with 8.1% operating profit margin, compared to 11.4% from the prior-year period. Intelligent Edge revenue was $1.1 billion, down 5% from the prior-year period in actual dollars and 4% in constant currency(1), with 27.4% operating profit margin, compared to 29.4% in the prior-year period. Hybrid Cloud revenue was $1.4 billion, up 10% from the prior-year period in actual dollars and 11% in constant currency(1), with 7.0% operating profit margin, compared to 4.0% from the prior-year period.