Antonio. Thank much, you very
for our the Now let you results me share financial with quarter.
expanded on from I over we fiscal solid and are profit in on As the our demonstrating that customers. margins strategy benefit earnings flow X, slides our data already prior customers to to are working trends in quarterly of our that undertaking. resonating Securities most better From while a well guidance capital ever underlying is our per had at well are to us that see in deliver ongoing our track be year incremental gross to million from share non-GAAP referencing exceed Revenue our enabling outlook. we Starting our metrics macro committed digital presentation executing Meeting. to the that our the of with we we some amounts to and uncertainties QX with the and despite transformations versus you'll above Slide growing we focus acceleration of we cash before, continue both globe, the Analyst line earnings free significantly grew key year. around our resulted did and the with I'll increasing financial highlight This start perspective, of by $XXX operating
remain our result, have steady. a seen spending we As from enterprise IT customers
last exchange of the at a XX quarters move and in Looking points. headwind unfavorably few we QX continued foreign to faced rates, basis they have modest
headwind two-point on to growth a We on our to spot full will current revenue expect currency FY in basis based a XXXX be close year rates.
X, Slide at quarter X% the Looking X% $X.X constant total was billion, revenue currency. down for in year-over-year,
our of X%. However, grew excluding headwind one business, revenue the from low-margin Tier the exit
Looking from of become forward, we expect the Tier revenue less dilutive growth to to the towards year. the end impact one
execution continue breakdown for up X% the with up the Slide approximately be also constant to environment France. continued compute in the growth currency and strong solid drive U.K. and in year-over-year double grew should beginning demand two strong, our digits in Core gives growth was double-digit Revenue and X% growth constant of digits. quarter. expect in you America’s accelerated mid-single We QX. revenue grew which EMEA Storage currency. to enterprise own remain geographic all rates to a in
was Pacific in the by constant market. China revenue primarily X% in Asia declines driven currency down
there maximize the be P&L our to on the to the we right strong, product of to working local are generates of optimize overall which continues and HPC offerings with HPE entity. Our HPC's profit revenue partnership mix
our dividends. interest we As and P&L XXXX, our similar venture of dividend expect payments continue XX% and a cash year HPC we dividends reminder, million to recognize $XXX from forward. receive received In to receive going fiscal equity joint in our
every offering Services performance growth number, Slide perspective, grew portfolio, Intelligent balanced total but our growth important from storage which wired both to in growth it which are that segment. and grew in mix in wireless we segment HPC, with portfolio Intelligent strategically high-margin saw Within close XX% high-performance compute the the across which quarter and continuing saw In you matters. Pacific take three in is key region a our XX%. grew our I notable where a takeaway driven the XX%. LAN. Beyond won't XX% converged portfolio Edge Asia IT, by business. double-digit Financial in through to We maintained in by win strength we shows and in our over strength our Hybrid we all-flash robust a compute arrays value grew hybrid Edge our
have of great primarily HPE including rate leverage. management other services we ratio Pointnext to outlook growing year-over-year Pointnext asset tax we business $X.XX Operational us. minute. and our consecutive XXX% growth unlocking accelerate in for was within range. outperformance opportunistic buybacks. X% Services can in and date. end and driven value fifth of margin a a of higher to a talk towards double-digit constant by strong services to to the share diluted book-to-bill in key orders Non-GAAP Financial more XXXX improvements gross our drive potential pivoting our share I'll that high services Overall, we is strong This performance, marks growth EPS from continues our shows year-over-year both and the and previously in our of to favorable about net our Services, expense to quarter currency. continue software-defined provided with revenue well been operating four up XX% business our $X.XX and lower-than-expected the business for are year Our in which show due count Nimble just And we performance significant as offerings making exceeded are increased Slide profit performance our for earnings progresses. that customers $X.XX we and margin This confident operating as higher lower per income and fiscal business improve outlook saw margins above has we operational
now be be our Analyst rate net in Security tax report primarily our structural Treasury, fiscal tax U.S. a guidance tax will non-GAAP incremental we long-term for financial our based tax previously structural projections. non-GAAP we October, share our regulations. worldwide $X.XX U.S. meeting, that new As per expected analyst rate the XX% rate year At be our non-cash the GAAP in to on outlined reform to below which $X.XX, impact non-GAAP Having onetime have how share, our in XXXX. quarters XX% environment. using from indicated the of range guidance to any pending of will Meeting earnings at apply received adjustments had outlook rate diluted future we beginning received to per our tax we was concluded was provided on structural change earnings as $X.XX due the further
and expansion has deliver Next portfolio reducing Gross of quarter was towards focusing to quarter-over-quarter, slides margin gross manufacturing points drive the of fourth to efficiencies, XXX HPE continuing as on Improvements IT, offerings Turning portfolio X, gross a a much as X basis cost. sequential and to of have up margins and up Non-GAAP extent, rich we software-defined a to us our great important X.X% was the customers. points Expanding to drive in been operating for this is XXX a that of demonstrates including XX% significant It of margin has organic a Next commodities back it lower in to profitable margins supply Hybrid result were margin our on offerings XX.X% we make primarily points lesser us mix, expansion. basis higher year-over-year. growth significant R&D continue significant very innovation. shifting value portfolio and year-over-year chain enabled higher basis year-over-year XX story business increase driven success into by year. to of initiatives. value, overhead margin investments up HPE
from to the investment future HPE Next growth. drive that and margin We cash expansion expect flow opportunities the enabling further ultimately benefits will well into benefits continue
Operating with units the starting margins X.X% constant basis R&D. Aruba to significant segment and Slide X% wireless Edge. lowest up growth growth turning which down in of in led and in ongoing points to year-over-year was seven the across X% were balanced services. by Intelligent business currency are year-over-year Revenue product with on XXX Now investments in due sales QX X% and LAN. seasonally Aruba wired grew both and
consecutive gained for quarters. We share expect which has wired wireless share gains seven and in
installed With Aruba XX% wireless as switching the up the expect mentioned, we drive to services progresses. Antonio growth. a in accelerated and new continued both launches base wired went on growth that year product
Aruba revenue. We push services portion Aruba's represent higher to will continue total to of high-margin
down Moving and a year-over-year, XX.X% driving value portfolio with our year-over-year, in offerings margins X. Hybrid of almost X% well Most up points higher basis Operating Next. by importantly, profitable revenue margins was Slide across both operating XXX IT, Compute's one were improving our currency, nearly was two-year margin eight high growth up in revenue sales. reported to shifting at excluding compute higher XX%. strategy on constant but value grew excluding X% to the gross margin but business down while year-over-year, X% was up Tier level. executing We're as HPE against tier
SimpliVity portfolio was Synergy Our up includes which Hyperconverged XX%. offerings and
Our XX%, high-performance triple market edge that and which trends compute paying compute revenue and digits again we where Storage marks was grew growth. segmentation is service our this on winning up year-over-year our quarter indicative These it over up category was matters. are quarter. again off consecutive X% focus seventh are our of
This strength by expect our and year-over-year, XX% recently grew to strong acquisition which quarter year-over-year XX% particular further saw Nimble. driven in growing it BlueData. data benefit of also quarter announced Big from had we a arrays all-flash we another
also significant our offerings. storage customers intelligent embraced as margin seen our expansion We have
billion expected Advisory from due exit and continued become per expect Looking year-over-year business. would forward, primarily quarter. the to targeting progresses. Services dilutive This X% storage Professional we revenue year countries less intentional as our revenue to declined HPE low-margin ramp $X Pointnext in the as
indicators adoption increasing up of grew with orders Operational confidence strong in half. was in the business in health of give double which leading and importantly, the currency. the attached and like and GreenLake us digits in higher-value second offerings our of new including we the X% Capacity our service growth inflection in to Nimble quarter. growth the book-to-bill constant the orders Growth Services ratio order Nimble expect an More long-term the These revenue in offerings XXX% Flexible drove
Slide to of points. in year-over-year billion. XX Financial Financing flat and strength Services XX.X%. to on increased of class in on margin a $XX Operating was asset X. down HPE basis an currency margin year-over-year points management XX our business. constant portfolio X% be continued with X.X% year-over-year up to was volume ratios return constant and Loss Moving revenue in net basis below also currency ending X% and robust assets equity in X% best higher was
play customers Services asset continues traditional for value to consumption our unlocking management a vital Financial years come. we to business offerings Our role leasing that with flexible for to offerings, GreenLake accelerate will look our services through and
our flow of cash management year was Free $XXX way year driven higher capital well are more quarter by seasonally achieve prior in versus and improvement a This outlook on free million is to always flow Slide to improved so working profitability. is turning Now, cash billion the on of an QX $XXX to $X.X billion our million flow. our XX. negative $X.X weakest of QX. than we full cash
was QX and source became capital working the of costs was cash cycle. conversion we cycle last cash use thanks Next, a cash to where year to a free of to restructuring expect XX of cash the improved it be in in a a an contributor period cash. compared The same conversion to days offsetting working this year as More on capital negative the year importantly, of annual basis, an generation some flow HPE
million quarter the lower million as shares prices our throughout paid shareholders we quarter. the plan year during the we allocation, continued through opportunistic be $XXX to trading at capital of to $X to capital and intentionally $X XXXX, that billion $XXX billion in part worth repurchased Moving We dividends in returned quarter. of fiscal accelerated return
in balance net With see receivable the percentage reminder as of you of as Slide is sheet ended majority our class. vast we remains $X.X than XX basis a debt receivables, best cash our the billion. from book strong less balance Company financing with Finally, of an of quarter business. a HPEFS a billion underwriting bad and average points our of is associated of XX, can and as Also, with $XX the net debt performance operating
of double-digit which assets on As enables return for a equity level on before. a to are the result, high and minimal return support financial mentioned cash HPEFS as generate I HPEFS
non-GAAP as Now with turning XXXX to a share. outlook our outlook per reminder, $X.XX year the of XX, fiscal we $X.XX to Slide a on started year EPS
full achieving earnings QX EPS non-GAAP EPS year. full our fiscal fiscal XXXX GAAP share Given our expect are to fifth we in now net expect This with the finish year performance quarter diluted XXXX strong non-GAAP per $X.XX non-GAAP earnings we guidance our is continued and year we the share. raising now the be outlook. per share and in are $X.XX, plan, diluted confidence that to We our to consecutive of year $X.XX $X.XX to for EPS net per raising
to QX to expect we net year share per diluted XXXX, expect and GAAP $X.XX, fiscal we be $X.XX. per share earnings For to non-GAAP earnings $X.XX net of $X.XX diluted
with very to So the the overall, performance the start I'm pleased in quarter year.
free and it's margin ultimately revenue execute making with the where our to to drive well cash against are gives and our a great growth strategy continue clearly me that strong matters. winning bets in it expansion right in and shareholder with quarters flow ability our customers will accelerate continued confidence upcoming This the as we resonating We returns.
it that, with questions. open for up Now let's
