Hewlett Packard Enterprise Company (NYSE:HPE) Q4 2018 Earnings Conference Call Transcript

Dec 04, 2018 • 05:00 pm ET


Hewlett Packard Enterprise Company (NYSE:HPE) Q4 2018 Earnings Conference Call Transcript


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Good morning, afternoon, evening and welcome to the Fourth Quarter 2018 Hewlett-Packard Enterprise Earnings Conference Call. My name is Brian, I'll be your conference moderator today. At this time, all participants will be in listen-only mode. We'll be facilitating towards the end of the conference. (Operator Instructions) As a reminder, this conference is being recorded for replay purposes.

I'd now like to turn the presentation over to your host for today's call, Mr. Andrew Simanek, Head of IR. Please proceed.

Andrew Simanek

Good afternoon. I'm Andy Simanek, Head of IR for Hewlett Packard Enterprise. I'd like to welcome you to our fiscal 2018 fourth quarter earnings conference call, with Antonio Neri, HPE's President and CEO; and Tarek Robbiati, HPE's EVP and CFO.

Before handing the call over to Antonio, let me remind you that this call is being webcast. A replay of the webcast will be made available shortly after the call for approximately one year. We posted the press release and the slide presentation accompanying today's earnings release on our HPE IR webpage at investors.hpe.com.

(Forward-Looking Cautionary Statements)

Also for financial information that has been expressed on a non-GAAP basis, we have provided reconciliations to the comparable GAAP information on our website. Please refer to the tables and slide presentation accompanying today's earnings release on our website for details. Finally, please note that after Antonio provides his high level remarks, Tarek will be referencing the slides in our earning presentation throughout his prepared remarks. As mentioned, the earnings presentation can be found posted to our website and it is also embedded within the webcast player for this earnings call.

With that, let me turn it over to Antonio.

Antonio Neri

Thanks, Andy and thanks to everyone for joining us on the call. Hewlett Packard Enterprise delivered another strong quarter in Q4, concluding a very successful fiscal year 2018. As we close my first fiscal year as a CEO, I am thrilled with where we stand in the marketplace and I'm very excited about our team and our strategy. Our strategy should be familiar to all of you at this point.

We're accelerating growth in Intelligent Edge delivering profitable growth in the Hybrid IT space and continue to grow operating profit and expand margins all while investing for growth in the future. To do that we have been driving a very deliberate strategic shift of our portfolio, which we first laid out for you at the Security Analyst Meeting in 2017. We have been focused on executing against our strategy and we have delivered on what we said we would do.

In fact, we exceeded the revenue growth, non-GAAP operating profit, non-GAAP earnings per share and free cash flow target that we set at the Security Analyst Meeting over a year ago. We're driving both meaningful top line growth and margin expansion, fueling shareholder returns. And we are doing all of that while simultaneously advancing our innovation agenda, laying the foundations to deliver value in the future to customers, partners and shareholders.

Fiscal year 2018