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HPE Earnings: Hewlett Packard Q2 revenue drops however beats Road view | AlphaStreet

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Info know-how options supplier Hewlett Packard Enterprise (NYSE: HPE) on Thursday reported a year-over-year decline in earnings for the second quarter of 2024. Earnings, nevertheless, topped expectations.

April-quarter revenue, excluding one-off gadgets, dropped to $0.42 per share from $0.52 per share a 12 months earlier however got here in above consensus estimates. On a reported foundation, internet earnings was $314 million or $0.24 per share in Q2, in comparison with $418 million or $0.32 per share in the identical interval of 2023.

The tech agency’s revenues elevated to $7.20 billion within the second quarter from $6.97 billion within the prior-year interval, reflecting robust efficiency by the core working section.

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