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IT

HPE quarterly revenues fall 8%, cuts FY cash flow outlook

Wednesday 4 March 2020 | 07:40 CET | News
HPE reported net revenue of USD 6.9 billion for its fiscal first quarter to January, down 8 percent from the prior-year period. The company blamed the lower sales on market uncertainty, supply constraints and North America manufacturing capacity constraints, particularly in the Compute business. The group lowered its cash flow outlook for the full year due to the market issues, but maintained its earnings forecast. 

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Categories: IT
Companies: Hewlett Packard Enterprise / HPE
Countries: World
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