What are you looking for ?
Infinidat
Articles_top

Emoji sadHPE: Fiscal 1Q21 Financial Results

Storage at $1.2 billion, down 5% Y/Y and 2% Q/Q, but Nimble up yearly 31%

HPE revenue for storage only
(in $ million)

  1FQ20 1FQ21
Revenue 1,252 1,193
Q/Q growth -10% -5%
Earnings before taxes 251 235

Hewlett Packard Enterprise Development LP announced financial results for the first quarter, ended January 31, 2021.

Representing 17% of global sales, storage revenue was $1,193 million for the quarter, down 5% Y/Y (or 6% when adjusted for currency), with 19.7% non-GAAP operating profit margin ($235 million), compared to 20.0% from the prior-year period.

For storage only
Hpe Storage

This revenue decline was driven by difficult prior year compare, but with growth in software-defined offerings.

The firm is well positioned with Primera and Nimble dHCI. Its most software rich platforms are both growing triple digits Y/Y. Primera is on track to surpass 3PAR saless next quarter. The company also saw strength in overall Nimble, up 31% Y/Y, and total AFAs were up 5% yearly, driven by increased adoption of Primera. This is the fastest revenue ramp ever achieved in HPE storage portfolio.

Storage operational services attach intensity is up double-digits Y/Y.

Revenue for HPE storage since FY17
(in $ million)

Fiscal quarter
Revenue
Q/Q
Growth
Y/Y growth
FY17 3,280   3%
1Q18 948 5%  
2Q18 912 -4%  
3Q18 887 -3%
 
4Q18 959 6%
 
FY18
3,706
  13%
1Q19 975 3%
 
2Q19 942 -3%
 
3Q19 844 -10%
 
4Q19  848 0%
 
FY19
3,609    -3%
1Q20*
1,250 -8%
 
2Q20 1,086 -18%
 
3Q20 1,128 -10%
 
4FQ20 1,217 8%
 
FY20 4,681   -10%
1FQ21 1,193 -2%
 

* HPE changes its accounting results in 1FQ20.

Earnings call transcript

Articles_bottom
AIC
ATTO
OPEN-E