Hewlett-Packard reported solid fourth quarter results, but server sales fell 5%.
HPE reported fourth quarter earnings of 11 cents a share on revenue of $9.7 billion, up 14% from a year ago. Non-GAAP earnings were 62 cents a share. HPE recently outlined its long-term outlook and strategy on its investor day.
Wall Street was expecting HPE to report non-GAAP fourth quarter earnings of 58 cents a share on revenue of $9.91 billion.
However, HPE's results were mixed by product line. For instance server revenue was down 5% to $4.5 billion. Networking revenue, boosted by the acquisition of Juniper Networks, was $2.8 billion, up 150% from a year ago. Hybrid cloud revenue was $1.2 billion, down 12% from a year ago.
For the fiscal year, HPE reported a net loss of $59 million, or 4 cents a share, on revenue of $34.3 billion.
CEO Antonio Neri said HPE "finished a transformative year with a strong fourth quarter of profitable growth and disciplined execution."
As for the outlook, HPE projected first quarter revenue of $9 billion to $9.4 billion with non-GAAP per share earnings of 57 cents to 62 cents.
For fiscal 2026, HPE said revenue will grow 17% to 22% with non-GAAP per share earnings between $2.25 to $2.45.
At HPE Discover Barcelona, the company announced new features for Greenlake cloud, launched unified AIOps across Aruba and Juniper Networks and an AI factory partnership with Nvidia.
