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HP Enterprise reports Q3 adjusted EPS 44c, consensus 42c

Reports Q3 revenue $9.1B, consensus $8.83B. Reports annualized revenue run-rate of $3.1B, up 77% from the prior-year period in actual dollars and 75% in constant currency. Reports gross margins GAAP of 29.2%, down 240 basis points from the prior-year period and up 80 basis points sequentially; Non-GAAPof 29.9%, down 190 basis points from the prior-year period and up 50 basis points sequentially. “HPE delivered record-breaking revenue and improved profitability this quarter as we marked a major milestone by closing our acquisition of Juniper Networks”Customer demand stretched broadly across our portfolio and was particularly strong in our Server and Networking segments. As we enter a new chapter at HPE, we are focused on capturing the tremendous market opportunity through execution that delivers strong, consistent shareholder value,” said Antonio Neri, president and CEO of HPE.

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