Hewlett Packard Enterprise Company (NYSE:HPE) Q3 2020 Earnings Conference Call - Final Transcript

Aug 25, 2020 • 05:00 pm ET


Hewlett Packard Enterprise Company (NYSE:HPE) Q3 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good afternoon and welcome to the Third Quarter 2020 Hewlett-Packard Enterprise Earnings Conference Call. My name is Cole, and I'll be your conference moderator for today's call. [Operator Instructions] We'll be facilitating a question-and-answer session towards the end of the conference. [Operator Instructions]

I would now like to turn the presentation over to your host for today's call Ms. Sonalee Parekh, Senior Vice President, Corporate Development and Investor Relations. Please proceed.

Sonalee Parekh

Thank you, operator and good afternoon. This is Sonalee Parekh, SVP of Corporate Development and Investor Relations for Hewlett Packard Enterprise. I would like to welcome you to our fiscal 2020 third quarter earnings conference call with Antonio Neri, HPE's President and Chief Executive Officer; and Tarek Robbiati, HPE's Executive Vice President and Chief Financial Officer.

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 Investor Relations webpage at investors.hpe.com. As always, elements of this presentation are forward-looking and are based on our best view of the world and our businesses as we see them today.

For more detailed information, please see the disclaimers on the earnings materials relating to forward-looking statements that involve risks, uncertainties and assumptions. For a discussion of some of these risks, uncertainties and assumptions, please refer to HPE's filings with the SEC, including its most recent Form 10-K. HPE assumes no obligation and does not intend to update any such forward-looking statements. We also note that the financial information discussed on this call reflects estimates based on information available at this time and could differ materially from the amounts ultimately reported in HPE's quarterly report on Form 10-Q for the fiscal year -- quarter ended July 31, 2020.

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. Throughout this conference call, all revenue growth rates, unless noted otherwise, are presented on a year-on-year basis and adjusted to exclude the impact of currency.

Finally, please note that Antonio provides his high-level remarks; Tarek will be referencing the slides in our earnings presentation throughout his prepared remarks. As mentioned, the earnings presentation can be found posted to our website and is also embedded within the webcast player for this earnings call.

With that, let me turn it over to Antonio.

Antonio Neri

Thanks, Sonalee and good afternoon, everyone. Thank you for joining us today, and I hope everyone is staying safe and healthy. Overall, I'm pleased with our Q3 performance. We executed well to enable strong sequential growth across our businesses. We gained momentum in key areas of differentiation, driven by customer demand aligned to our strategy, and we began to take decisive and prudent actions