HPE Earnings: Revenue Declines Amidst Sale Of Non-Core Software Assets
Hewlett Packard Enterprise (NYSE: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 consensus 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). [1] The table below summarizes the results:
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Notes:
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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Notes:
- Read more about this transaction here [↩]