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HPE: raises earnings estimates for 2022-23

( - On its quarterly earnings call on Tuesday evening, Hewlett Packard Enterprise (HPE) raised its earnings estimates for the current financial year, now anticipating adjusted EPS (non-GAAP) of $2.
06 to $2.14, up from $2.02 to $2.10.

Likewise, the IT services group now expects its adjusted operating profit to increase by between 6% and 7%, on revenue growth of 4% to 6% at constant exchange rates.

For Q2, HPE posted adjusted EPS that rose 18% to 52 cents, at the top end of its target range of 44-52 cents, on revenues that are up 4% to seven billion dollars (+9% at constant exchange rates).

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