$12.21 billion in Q2 revenue beat analysts’ $11.99 billion forecast as HPE’s sales jumped 33.7% from a year earlier.
$14.35 billion in Q3 revenue guidance came in 10.2% above Wall Street expectations, while management lifted full-year adjusted EPS guidance 11.8% to $3.80 at the midpoint.
$1.11 in adjusted EPS topped the $0.94 consensus, and operating margin widened to 11.4% from 2.7% a year earlier, even as free cash flow margin slipped to 7.8% from 9%.
HPE’s latest quarter extends a stronger growth run, with revenue rising at a 20.1% annualized pace over the last two years versus 8.7% over the past five years.