Tarek Robbiati will succeed Tim Stonesifer, who will be stepping down after launching HPE as a new company. Robbiati most recently served as CFO at Sprint. Before that, he was CEO at Flexigroup and worked at Telstra, CSL, Lehman Brothers and Accenture.
HPE revenues for the quarter went 4 percent higher from the year before to USD 7.8 billion, up 1 percent when adjusted for currency effects. All segments contributed to the positive results, with revenues going up 3 percent to USD 6.2 billion at Hybrid IT, advancing 10 percent to USD 785 million at Intelligent Edge and going 3 percent higher to USD 928 million at Financial Services.
The net profit jumped almost 59 percent to USD 0.5 million, with diluted earnings per share rising almost 71 percent to USD 0.29 and adjusted diluted EPS doubling to USD 0.44. Cash flow from operations advanced meanwhile to USD 1.2 million from 1.0 million.
For the fourth quarter, HPE is guiding for sequentially flat to lower profit, affected by transformation and amortisation costs. Diluted EPS is expected at USD 0.16-0.21 and adjusted diluted EPS at USD 0.39-0.44.
For the full year, the company has upped its forecast, saying it now sees diluted EPS at USD 1.85-1.90 and adjusted diluted EPS at USD 1.50-1.55. This compares to its previous forecast of diluted EPS at USD 1.70-1.80 and adjusted diluted EPS at USD 1.40-1.50.
