HPE Reports Financial Results for Q2 and H1 2019 which ended April 30th2019.
Revenue for the second quarter totaled USD 7.2 billion, dropping 4% compared to the same period the year before and earnings from operations went down 5% equaling USD 434 million compared to USD 456 million in 2018.
For the first 6 months of the year, total revenue was USD 14.7 billion, 3% lower than the previous year and earnings from operations rose by 50% to USD 890 million.
By business segments the situation stands as follows: Hybrid IT dropped 4% totaling USD 5.6 billion, Intelligent Edge went down 6% to USD 666 million and Financial Services rose slightly by 2% with a total of USD 896 million.
For H1 2019 Hybrid IT dropped 3.7% totaling USD 11.6 billion, Intelligent Edge went down 0.7% to USD 1.35 billion and Financial Services rose slightly by 0.6% with a total of USD 1.8 billion