HPE Misses our 1Q Expectations, but Raises Fiscal 2019 EPS Outlook; Maintaining FVE of $15
No-moat Hewlett Packard Enterprise reported a 2% year-over-year revenue decline, below our expectation for a flattish period. Although doubling its operating margin to 6% year over year, we expected HPE to post results closer to 7% through more controlled expenditures. On a positive note, HPE increased its fiscal 2019 EPS guidance by $0.15 per share on a GAAP basis. Since we still expect pressures in HPE's traditional markets, such as commodity servers and disk-based storage, to drag potential g...Hewlett Packard Enterprise is a technology company. The company's segments are: Hybrid IT, which provides a portfolio of infrastructure and solutions including servers, storage, and HPE Pointnext services; Intelligent Edge, which is comprised of cloud solutions that include wireless local area network, campus and data center switching, software-defined wide-area-networking, security, and associated services to enable secure connectivity; Financial Services, which provides investment solutions for customers that facilitate technology deployment models; and Corporate Investments, which includes Communications and Media Solutions, Hewlett Packard Labs and certain business incubation projects.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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