HPE Hewlett Packard Enterprise Company (HPE) Q1 FY25 earnings call
HPE delivered strong Q1 FY25 revenue growth, particularly in its Server business and GreenLake ARR, demonstrating robust demand for its innovation and AI offerings. However, profitability was significantly impacted by unexpected server margin pressures and AI inventory challenges, which the company is actively addressing. Strategic cost reductions and tariff mitigation plans are in motion, with a strong recovery in profitability and AI revenue conversion anticipated in the second half of the fiscal year, alongside continued commitment to the Juniper acquisition.
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HPE operating KPIs by quarter
| KPI | This call Jan 2025 Q1 FY25 | Oct 2025 Q4 FY25 | Apr 2026 Q2 FY26 | Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Customers HPE GreenLake Cloud | 41K+We finished Q1 with more than 41,000 enterprises using HPE GreenLake Cloud.Source: earnings call transcript | ~46KWe added approximately 7,000 new customers to GreenLake, ending the year with approximately 46,000 customers.Source: earnings call transcript | ~50KWe exited Q2 with approximately 50,000 customers operating their IT in our GreenLake cloud, managing more than 6.7 million systems, up from 5.3 million a year ago.Source: earnings call transcript | 52KIn Q3, the number of GreenLake customers grew 18% to 52,000, up from 44,000 a year ago.Source: earnings call transcript | — |
| Annual recurring revenue (ARR) | $2.1BOur annual recurring revenue was $2.1 billion, up 46% year-over-year, driven by AI and Intelligent Edge.Source: earnings call transcript | $3.2BTotal company ARR was $3.2 billion, up 62% year-over-year with the addition of Juniper.Source: earnings call transcript | — | — | +52.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.