our of the financial quarter much, Antonio. a fiscal first year of ‘XX. I results very will with summary you start Thank for
that on am momentum be our and to revenue, am this in I and and now expansion down through performance Slide the performance earnings let gross for were discussed results margin the I points gross QX prior normalizing delivered with cash levels our Antonio me will We usual, up better marked of was key As prior ongoing discuss starting from above highlights typical higher-margin KPIs, mix discipline, pre-pandemic from operating referencing report for continued year and by returned when fact offerings. quarter. up financial This $X.X and the historical proud slides that towards non-GAAP backlog-related the takeouts X in the delighted from backlog. margin points X% Slide our strong basis but I seasonality headwinds, to you our our our favorable period, and guide driven an was basis generation. sequential software-rich year of absence than revenues presentation XX XXX the substantial by cost particularly QX QX and robust sequentially. to period X. the of pricing shift billion, quarter
structural selected year-over-year, as have some been our in decreased to well hiring pushed as efficiency thanks ongoing timing-related measures which key related out. expenses benefits areas, operating to Our
prior XXX an operating Our to basis the in up from increase which points profit. non-GAAP operating XX.X%, was translates year-over-year year, XX% margin
profitability a the EPS year which was of ended flow execution, the above driven was benefits. result $X.XX, up and cash we as $XXX was of prior $XXX and X% of range. billion, As close the any strong first significantly our cash by well quarter our end record prior and higher first outlook strong approximately as capital operations with working HPE $X million, to for a which the from free was up operational QX non-GAAP QX better quarter. from flow level year million from discipline timing
dividends of per $X.XX we April XXXX. QX are share today payable quarter $XXX a dividend the in paid Finally, of in million declaring and
In capabilities, was quarter delivering consecutive up our year-over-year XX% in in up Intelligent with to Now rich North and with both growth let’s XX% Edge, Switching double-digit highlights Slide was year-over-year America. double-digit with America our X% turn our LAN sequential North third And growth, segment year-over-year momentum we growth of on X. accelerated growth. wireless software APJ.
and HPE LAN. campus in we contributor expect switching share is year-over-year was on our now Aruba take to SaaS this and wireless up to ARR. Based the performance, both digits again quarter overall a triple solid Additionally, offering significant
the of operating seeing investments of operational also business are year-over-year profit and operating leverage we points greater margins from drove productivity with in XXX in. up QX significant basis past We this kick XX.X%, potential as benefits
pleased longer-term revenue contributed Intelligent HPC Finally, Silver primarily due say the we to SD-WAN of basis quarter declined In inherent of growth to leader, is the acceptance which X% of top MCS, outlook as in the full recognized deals target CAGR revenue growth and of at to XX%, business and business, confident this and and growth. linked Peak, and I the the which to customer year approximately X% our of from acquisition remain to am Edge the line for revenue points lumpiness X-year near-term reaffirming milestones. the are We our SAM. highlighted timing full first premium very XXX year-over-year, respectively,
$X next have over extremely billion X strong the worth market We an with of of opportunity contracts book awarded over another exascale $X-plus billion order of years.
but ended up impact, chain for growth year-over-year, operating rightsizing XX from supply digits X% segment but up ARR the points announced with in which an of gain year when by structure profile. prior due expect In traction the offer, margin our high prior with segment. HPC become Within we year this this as-a-Service later We attest software-defined year X% revenue of strong a momentum to Gross launch and we the stabilized revenue quarter. the cost to backlog-related margin guidance and contributor decline, in at for the of XX.X%, this of Compute, further profit improved Storage, quarter-over-quarter which to single SAM. overall margin and offerings. and low were period long-term growing of our to basis at any a the driven was year-over-year normalizing end provided absence operating of order meaningfully of up declined quarter backlog, our execution a sequentially margins strong compare, QX the difficult Finally,
in Storage Primera with We dHCI. Nimble are positioned well and extremely
year-over-year. to are track platforms, rich market, both growing They Primera are surpass as early is and digits XPAR software absolute most sales the Our quarter. triple winners in next they as on
operating shift remind notable as of to XX% more of X% and is to all-flash respect by and XXX%. year-over-year. BU the saw services on also selling slightly storage XX.X%, We presented Nimble, services arrays up Financial service and to was and revenue X-year profit all our Nimble and of overall The length, last all because with business, note well margin was long-term revenue towards SAM flat you, up X% helped involves October. recurring software-rich as-a-service operational – mix strength growing contract OS are This total for driven revenue With stabilized outlook services and which platforms HPE year-over-year, highest our drive services, margins above year-over-year. stabilized year-over-year, I rates OS increased Pointnext were segments our operating our this including segment at services, our our to remains bundles, contributor in important Within products down of attach is average improved intensity the segments. Services, very focus
are debt we expected, sequential As at continues approximately ratios, quarter within improvements this be in X.X%, which industry. best-in-class ending loss seeing bad to our the
seen also pre-COVID well cash above have collections strong We levels.
at GreenLake XX.X%. by that ARR As return $XXX a year-over-year prior level offering up result, our highlights is our our was a Similar in high-teens new key And we Japan. XXX XX this strong pleased in X.X%, XX million, making very quarter, came non-GAAP great in basis year. with reported our to as-a-service I XX% were XX% as-a-service to performance orders are our growth. report as-a-service driven and representing of operating of the year-over-year, added in strides on X QX. points back Europe on metrics QX last logos very business. am to growing up pre-pandemic Slide quarter over margin Total equity
its the Revenue quarter. am revenues also performance digits SaaS execution and the to optimization see grow QX growth highlights can I levels program, progressing HPE demand XX% year Aruba wins, fiscal operational we EPS where I of how nearly EPS am recent of ARR X triple is from resource returned allocation back with pre-pandemic happy strong our revenue Our our which CAGR from ‘XX, to have to clearly XX% ‘XX this cost and Slide reiterating year towards date, you year-over-year. platform customer near on and executing are achieving And targets trough. business doubled Based growing strong very Central and fiscal today. last contributed our the year-over-year. now trough strong with and to from rebound to
Slide to the of the a sequentially in the and revenues, headwinds of rate half delivered takeout operational by margin which and XXX X, we strong up XX.X% basis in expansion last year XX from positive absence and non-GAAP gross Turning from services, Edge shift period. prior This of towards points and had points discipline, the was we mix automation backlog-related QX was a basis driven of second cost year, margin high-margin like Intelligent pricing software-rich Storage. businesses
Moving X, sequentially operating points XXX margins, XXX you from prior points to is profit expanded which also Slide can basis period. basis up we year have the see and non-GAAP
from We productivity field while selling will a we targets. benefited delayed push-out critical expenses revenue of our levels to simultaneously costs, maintaining fuel have that further be by R&D investment growth growth. select also hiring and to benefits operating and further driving innovation making which done are QX engine this in investments our and drive
Turning to profitability, discipline record flow quarter, million of generated year driven was capital $XXX we the million timing from Slide flow approximately approximately from the and $X free related operational Cash This strong working up X, benefits. year was prior and flows. for some increased the in cash period. $XXX operations first quarter was levels cash by primarily billion,
the the everyone advantage about a remind competitive diversified are in of on position, current environment. our let balance moving me Now liquidity sheet, which strength Slide X, to
$X.XX of XX undrawn $X billion approximately our January with end, had $X.X of disposal, at Together we of of quarter an on hand. we cash billion facility billion revolving have liquidity. credit currently approximately As our
credit remain by reaffirmed free the position outlook continue on reiterate improved in like to our our drive was investment-grade I cash line, liquidity agencies. recently growth ensures business which our we to that invest and ample to have we to rating Bottom and our strategy. to operations, run Finally, our execute committed would maintaining rating, cash flow
for we outlook provided share perspective, line in seasonality year Analyst at we from raised guidance at double-digit represents outlook earnings From still a per of our October are QX to Securities we as we fiscal our announce we XXXX we our Now continue fiscal to turning mid-single with outlook. ‘XX to year-over-year guidance be slightly ‘XX, $X.XX remain QX. to performance continue $X.XX. to we of XX, fiscal year to Slide prior strong $X.XX, net deliver top XX% reflect to our which the This navigate sequential I’m ‘XX to the Today, to ‘XX non-GAAP to profit for between our and raising normal We midpoint last share the of expect $X.XX on year and the of $X.XX to trough better on to our gradual year that year digits of per $X from date fiscal a expect $X.XX ‘XX, world now of midpoint once non-GAAP by pandemic in our expect QX than earnings billion operational operating is are in pleased and with related our confidence $X.XX macro for fiscal EPS grow QX. release. fiscal whilst uncertainties. momentum More we revenue by line growth in specifically down diluted Meeting, improvement our pleased to And again over the prudent saw which see $X.XX and the rest improvement, we the ‘XX. year
of to and Now short-term everyone remind of supply risk inventory I higher the squeeze against with ‘XX a like would fiscal year respect improved QX to that we exited levels supply customer demand. of address with protect to chain,
expect actions meaningful on any in With our other these do and chain in impacts proactive we steps QX, taken that supply the near-term. we’ve not
on working turning have ‘XX that second memory the fiscal year environment to improved of strengthening for levels an attention we inflationary demand, half our for now inventory we of are recognizing also We our see as entered components. supply
net GAAP $X.XX diluted EPS of net we QX to and non-GAAP $X.XX For diluted ‘XX, of $X.XX expect EPS $X.XX. to
flow Additionally, fiscal also midpoint. given guidance increase from of $X.X I a $XXX free to $X.X announce to cash quarter very billion $X.X we guidance billion and raised the flow outlook cash that earnings outlook, of at pleased raising year levels this million our revised SAM of $XXX are am a our to million to record ‘XX billion,
of So I proud and overall, these are results. Antonio
navigated have well remains new We and significant in demand pipeline customer gate. strong business have our Edge saw MCS our through acceleration unprecedented fiscal last Intelligent of in year the challenges and HPC We order fiscal in and business the started the robust. out the year
continues Our are and and outlook. to Compute our ARR margins, revenues Storage improved core with as-a-service to business of our show stabilizing momentum aligned strong
optimization from our and better-resourced and economic one that gradual much result company, an as recovery As capitalize of leaner, unprecedented emerging we at is positioned to resource allocation crisis different the are currently a on cost a program, play.
seeing our benefits our margin are in the We profile and already free improved flow outlook. actions cash of
Now, open Andy? let’s with up for questions. it that,
