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Hewlett Packard Enterprise Company

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Hewlett Packard Enterprise offers technology solutions to business and public sector enterprises. Although the company reported better-than-expected bottom-line results for first-quarter fiscal 2017, we are disappointed by its dismal top-line performance. Not only did it fall short of our estimates but also declined significantly on a year-over-year basis. Notably, this was the third consecutive quarter when the company’s revenues have fallen short of our estimates. Last quarter's three major challenges, heightened pressure from unfavorable currency exchange movements, increased commodities pricing and some near-term execution issues, are likely to affect its overall performance in the near term as well, owing to which the company lowered its fiscal 2017 earnings outlook. The dismal first quarter top-line performance along with lowered fiscal 2017 outlook raises concerns over its future prospects.

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