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HPE Earnings: Revenue Declines Amidst Sale Of Non-Core Software Assets

Hewlett Packard Enterprise ( HPE ) declared its results for the third quarter on September 7th. The stock declined a meager 2% as the revenues and EPS were below the Wallstreet concensus expectations. However, the company was able to sell its non-core software businesses for a cash consideration of $2.5 billion and a 50.1% stake in a newly formed company. The new company would be formed through a Reverse Morris Trust transaction and merged with Britain's Micro Focus International Plc (MCRO.L). The table below summarizes the results:

HPE Q3 Earnings

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment / ask questions on the comments section

2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our full analysis for Hewlett Packard Enterprise

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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