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Hewlett Packard Enterprise (HPE) Q4 FY2021 earnings: revenue $7.4 billion, up 2.0% on the year

Hewlett Packard Enterprise Co. (HPE) reported revenue of $7.4 billion for Q4 FY2021, the quarter ended 31 October 2021, up 2.0% on the same quarter a year earlier. Net income was $2.6 billion, up 1526.1% on the year, and diluted earnings per share $1.93. The figures are the company's own, from the 10-K it filed with the SEC on 10 December 2021.

Revenue
$7.4 billion
+2.0% on the year · +6.6% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
4.8%
2.0% a year earlier
Q1 FY2020Q4 FY2021
Net income
$2.6 billion
+1,526.1% on the year · +551.3% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$1.93
+1,508.3% on the year · +565.5% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue7,3546,8977,208+6.6%+2.0%
Cost of revenue4,887n/an/a
Gross profit2,467n/an/a
Gross margin33.5%n/an/a
Research and development502n/an/a
Selling, general and administrative1,280n/an/a
Operating income350282145+24.1%+141.4%
Operating margin4.8%4.1%2.0%
Pre-tax income2,688n/an/a
Income tax135n/an/a
Effective tax rate5.0%n/an/a
Net income2,553392157+551.3%+1,526.1%
Net margin34.7%n/an/a
Diluted EPS$1.93$0.29$0.12+565.5%+1,508.3%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow2,956n/an/a
Capital expenditure770n/an/a
Free cash flow2,186n/an/a
Free cash flow margin29.7%n/an/a
Cash from investing-1,079n/an/a
Cash from financing-3,197n/an/a
Depreciation and amortisation641643652-0.3%-1.7%
Share-based compensation78.0n/an/a
Buybacks213n/an/a
Dividends paid157n/an/a
Diluted shares, weighted1,330m1,338mn/a-0.6%
Shares outstanding at period end1,295m1,307m1,287m-0.9%+0.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity19,97117,02016,049+17.3%+24.4%
Non-controlling interest46.0n/an/a
Debt13,44816,22515,941-17.1%-15.6%
Operating lease liabilities938n/an/a
Finance lease liabilities48.0n/an/a
Other liabilities23,248n/an/a
Total liabilities and equity57,699n/an/a
Fixed assets5,613n/an/a
Goodwill18,306n/an/a
Intangible assets1,022n/an/a
Securities held for sale or to maturity164n/an/a
Cash and equivalents3,9965,2934,233-24.5%-5.6%
Receivables3,979n/an/a
Inventory4,511n/an/a
Other assets20,108n/an/a
Total assets57,699n/an/a

Questions

What was Hewlett Packard Enterprise's revenue in Q4 FY2021?

Hewlett Packard Enterprise (HPE) reported revenue of $7.4 billion for Q4 FY2021, the quarter ended 31 October 2021, up 2.0% on the same quarter a year earlier.

How much did Hewlett Packard Enterprise earn in Q4 FY2021?

Net income for Q4 FY2021 was $2.6 billion, up 1526.1% on the year, and diluted earnings per share $1.93.

When did Hewlett Packard Enterprise report Q4 FY2021 results?

Hewlett Packard Enterprise filed its 10-K for the year that ended with the quarter on 10 December 2021; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue7,3546,9616,7136,9517,8717,8096,9737,0027,3516,7557,2047,7108,4587,8547,6279,1369,6799,30110,67812,213
Cost of revenue4,8874,5714,3924,5015,2165,0734,3714,3904,6794,1794,7055,1465,7245,4315,3346,3396,3155,8396,6607,198
Gross profit2,4672,3902,3212,4502,6552,7362,6022,6122,6722,5762,4992,5642,7342,4232,2932,7973,3643,4624,0185,015
Gross margin34%34%35%35%34%35%37%37%36%38%35%33%32%31%30%31%35%37%38%41%
R&D5025045175095156235705785785825905475274755406228817449221,158
SG&A1,2801,2011,2491,2291,2621,2571,2691,3021,3321,2161,2151,2291,2111,2681,2981,4961,6421,6981,8301,962
Operating income350448207466-339591520471507525425547693433-1,109247-8.04707471,393
Operating margin5%6%3%7%-4%8%7%7%7%8%6%7%8%6%-15%3%-0%5%7%11%
Pre-tax income2,688493276464-3576235225365494834456081,417733-1,045288-2614336991,762
Tax rate5%-4%9%12%n/a20%20%13%-17%20%29%16%4%14%n/a-6%n/a-4%11%13%
Net income2,553513250409-3045014184646423873145121,366627-1,0503051754526241,540
Net margin35%7%4%6%-4%6%6%7%9%6%4%7%16%8%-14%3%2%5%6%13%
Diluted EPS$1.93$0.39$0.19$0.31-$0.23$0.38$0.32$0.35$0.49$0.29$0.24$0.38$0.99$0.44-$0.82$0.21$0.11$0.31$0.44$1.06
Operating cash flow2,956-76.03791,2543,036-8298891,5252,84364.01,0931,1542,030-390-4611,3052,4651,1781,4101,641
Capital expenditure7706247257731,000794688671675656560543608528547576641569583745
Free cash flow2,186-700-3464812,036-1,6232018542,168-5925336111,422-918-1,0087291,824609827896
Buybacks21312958.019712873.010618755.03.045.052.050.052.050.00.0100158154135
Dividends paid157155156156154156155154154169169169169171171171171190189189
Shares outstanding1,295m1,300m1,299m1,288m1,281m1,297m1,292m1,283m1,283m1,300m1,298m1,298m1,297m1,313m1,311m1,319m1,318m1,329m1,323m1,328m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 October 2021, filed 10 December 2021: the filing.