Hewlett Packard Enterprise Co, which houses former Hewlett-Packard Co's corporate hardware and services division, reported better-than-expected quarterly revenue and profit, helped by strength in its hardware business.
Hewlett Packard Enterprise's (HPE) shares were up 6.4 percent at $14.47 (roughly Rs. 970) in extended trading on Thursday.
Revenue in HPE's enterprise group business, from which it derives more than half of its total revenue, rose about 1 percent to $7.1 billion (roughly Rs. 47,768 crores) in the first quarter ended Jan. 31, from a year earlier.
The company, which is headed by Margaret Whitman, also maintained its 2016 adjusted profit forecast of $1.85-$1.95 (roughly Rs. 125-130) per share.
Net earnings fell to $267 million (roughly Rs. 1,796 crores), or 15 cents per share, in the first quarter ended Jan. 31 from $547 million (roughly Rs. 3,680 crores), or 30 cents per share, a year earlier.
After adjustments, the company earned 41 cents per share.
The company's revenue fell to $12.72 billion (roughly Rs. 85,580 crores) from $13.05 billion (roughly Rs. 87,796 crores).
Analysts on average had expected earnings of 40 cents per share and revenue of $12.68 billion (roughly Rs. 85,306 crores).
© Thomson Reuters 2016
Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.