Hewlett Packard Enterprise (HPE) Reports In-Line Q2 EPS; Adds $3B to Stock Buyback Authorization
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HPE Reports Fiscal 2016 Second Quarter Results
May 24, 2016 4:06 PM EDTPALO ALTO, CA -- (Marketwired) -- 05/24/16 -- Hewlett Packard Enterprise (NYSE: HPE)
HPE businesses grow revenue over prior-year period for the first time in five years Cash flow from operations of $1.1 billion, up 101% from adjusted cash flow from operations in the prior-year period Second quarter net revenue of $12.7 billion, up 1% from the prior-year period and up 5% on a constant currency basis Second quarter non-GAAP diluted net earnings per share of $0.42, near the high end of the previously provided outlook of $0.39 to $0.43 per share Second quarter GAAP diluted net... MoreHewlett Packard Enterprise Announces Plans for Tax-Free Spin-Off and Merger of Enterprise Services Business With CSC
May 24, 2016 4:05 PM EDTPALO ALTO, CA -- (Marketwired) -- 05/24/16 -- Hewlett Packard Enterprise (NYSE: HPE)
Transaction will deliver HPE shareholders approximately $8.5 billion in expected after-tax value in stock-for-stock exchange; Merger of two businesses expected to produce first-year cost synergies of approximately $1 billion post-close, with run rate of $1.5 billion by end of year one; HPE shareholders will own approximately 50 percent of new combined company; Agreements between HPE and the new company will maintain focus on serving current customers and growing new business opportunities over time; Mike Lawrie to... More