2022/08 | EUR147902122 | Market Forecast
2022/06 - IDC Link - Doc # lcUS49246522
HPE FY 2Q22 Results: Tight Supply Environment Continues to Weigh on Revenue Growth
By: Crawford Del Prete, Matthew Eastwood
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Abstract :Overview
On June 1, 2022, Hewlett Packard Enterprise (HPE) announced its 2Q22 financial results. The company reported that second-quarter total net revenue in constant currency grew 1.5% YoY to $6.7 billion. HPE saw order growth of 20% YoY, the fourth consecutive quarter of improvement for this important leading indicator of business health. During the quarter, the company generated non-GAAP operating income of $627 million, which was down 18% sequentially and 8.5% YoY as the company continues to take proactive inventory measures to better position the business to deliver against the customer demand it is seeing in the marketplace. HPE reported that COVID-related shutdowns in China coupled with HPE’s cessation of services contracts in Russia impacted revenue by more than $250 million and operating margins by more than one point in the quarter.
Table of Contents
Financial Announcement Highlights
IDC's Point of View
Subscriptions Covered
※ This report is an annual information service. Core and Edge Computing Platforms , Dedicated Cloud Infrastructure and Services , Enterprise Communications Infrastructure , Enterprise Mobility: Workspace Platforms and Security , Enterprise System Management Observability and AIOps Software , (Executive Information) , High-Performance Computing as a Service , High-Performance Computing Trends and Strategies , Infrastructure Channels and Ecosystems , Infrastructure Trends and Strategies: Artificial Intelligence and Analytics Workloads , Internet of Things and Intelligent Edge: Infrastructure , Managed Cloud Services , Network Analytics and Automation , Network Life-Cycle and Infrastructure Services , Open Source Ecosystem , Security Services , Software and Hardware Support and Deployment Services , Software-Defined Compute: Virtualization, Cloud, and Container Platforms , Software-Defined Converged and Hyperconverged Infrastructure , Storage Systems , Strategic Alliances , Technology Valuation Services
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