I'll you XXXX. start results first very year quarter the summary much, our a of of Thank Antonio. for fiscal financial with
from As guide our earnings our slides the to usual, X. I'll you through discussed be performance. presentation referencing on Antonio Slide key highlights the
$X our X% confidence year-over-year. discuss X% term our our commitments to outlook with X% challenging a start continuing for year in We bolsters for quarter order revenue now and Slide to robust momentum This our a above provided longer good performance XX% be currency our to our ’XX both XX% securities CAGR details off We're outlook for So revenue billion, in-line year-over-year our fiscal to let at third QX against our XXXX of edge-to-cloud X% achieving X. ‘XX strong normal growth growth meeting. outlook of year sequential analyst revenues our at fiscal adjusted and portfolio of or continues in X% with to with year-over-year, marking demand delivering order differentiated me QX supply despite build The seasonality, business. the starting environment. with delivered a row across up with continuously up
make with also expense, from software-rich are order any slightly achieving We increased revenue fuel margin of XXX book of higher-margin, benefited down profitability. backlog points increased further our resilient signs record our earnings no pleased been valuations resiliency that from basis Within and towards a levels expected actions further result, portfolio rich shows XX%, strong noticeable of the mid-pandemic margins, points or gains double of quality despite to has sequentially year-over-year, up delivered XX We sequentially. year-over-year, a We're including non-GAAP and high cost of announced particularly cancellations. shift XX Non-GAAP income but the that to discipline constraints our basis in pricing offerings. operating to at As while driving with primarily our investment supply margin basis ordering, ongoing the our and XX.X%, savings of strong firm by material further all HPC. points continuing the basis gross were operational portfolio our logistics robust performance XX and and related in gross other mix in and points our up to our investments we margin costs. areas continued driven growth, up
now result, versus income year non-GAAP prior expense million for million income 'XX expense. $XX we to $XX of to $XX a fiscal an expect be a of guidance As and approximately million other
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with As seasonality flow $XXX cash in-line this use free cash the QX, a our quarter. of previously that indicated, with of we million expect to be lowest for typical is in
inventory to current We navigate take supply actions to also continue environment. the strategic
orders order $X.X that cash future billion support have. now to we inventory book will us convert is into billion up substantial better revenue $X.X position and of This in Our year-over-year the to flow.
return continued declaring are paid and capital April. the to we quarter a dividend Finally, shareholders. QX $X.XX We share in our of in million dividends to of per substantial $XXX today payable current
current X growing in repurchased Slide confidence We cash flow contract also $XXX in generation. than up XXX that total We Total during than highlights million value our well of future our as-a-service added progress billion. more year-over-year. reflecting brings QX. to and metrics customers business. We TCV shares made million as-a-service during total key were XXX% QX, over $XXX more the meaningful $X.X of orders
as-a-service proof year. to has As quarter back a point of our as-a-service growth momentum order of last pivot accelerated QX going every
up Our constraints installations. some million ARR was limiting year-over-year to $XXX XX% with supply
increase year software ARR strong continue up more 'XX, business. XX% volatile to to XX% CAGR somewhat X order of year-over-year. supply fiscal services growth delivering to indicator health several fiscal mix quarters margins QX, as our accelerating points this accelerated in both our be of than of to the our long-term XX% environment, 'XX with target in and growth us last the year the -- from increasing in is the might rate This confidence While gives current best over
Now turn Slide to segment highlights let's X. our on
and Our year-over-year, strong line with Intelligent solutions improving across growth strength wired with the driven XX% businesses and demand for show XX% stronger increasing up offerings supply digits. strong backlog top Edge, year-over-year LAN than fueled record Services Edge-as-a-Service levels switching grew wireless approximately demand. by more double In constraints, by portfolio. Despite continue unabated the to the revenue XX% our our up with quarter. even of growing grew orders consecutive secure Both Aruba continued fourth connectivity momentum
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pushouts, also margins to third year-over-year compute, Our was XX% by reflecting with profit consecutive supply these historical In QX range expect more order difficult environment. quarter, while up was growth revenue for we in and operating obviously impacted to levels going operating return over the growth flat, was forward. the
long-term storage, above down high up managing results points particularly logistic have up showing the and products. growth performance We at basis row in target fourth on costs. our of executing XX.X%, was the focused pricing was year-over-year. been increased supply product very points growth. basis been was effective in or that order in The year-over-year XX% increasing well order XXX sequentially, of better operating the our Revenue a constraints, has This dynamic are XX%. our up owned and reflecting teens in supply a XXX X%, Within strategy XX% year-over-year to product quarter for IP margin
had quarter. we our As mix this that revenue unfavorable a an margins result, pressured
We expect year-over-year for few similar respect ease. constraints to to as total to storage portfolio digits Pointnext margins the both rates mid-single products our services, orders Operational fiscal as reported next and we improve grew levels to continue Services, revenue supply over including quarters shift year With towards growth 'XX. and higher-margin our
very a and As year-over-year, you health XX% was Within for HPE Financial our of increased volume know, X%. business. most the important this is revenue long-term Services, profitable down
in is assets, the impact excluding frauds points, levels. Asia was of percentage which below UK Pacific pre-pandemic of the a and as write-offs two basis Our XX
via portfolio continues realization borrowing ABS the from we also as costs and U.S. lower our residual to values to profitability securitize higher Our continue benefit market.
plus year, Slide and revenue the X highlights year on environment a performance equity can XX.X% our at XXXX. XXX clearly set from at strong was well SAM margin XX% versus fiscal XX.X%, up year the and and rebound despite operating return you prior above more the this a remains points from momentum sustained target basis year last entering our supply-constrained EPS where and Our see 'XX, ago.
a also better our portfolio higher higher are continuing We to execute and of mix businesses strategy. our edge-to-cloud we margin delivering to with earnings as our shift quality growth
and gross X. pricing both mix XX.X%, and towards of shift margins Turning logistic component and year-over-year delivered as-a-service non-GAAP costs. driven all We QX Slide our despite edge up discipline by was favorable This sequentially to in business. of been we've the and increased the driving both strong
Slide of sequential our see margin can Moving X, basis you operating a point representing non-GAAP to this quarter XXX XX%, increase.
We profit also same invest delivered more much better earnings R&D to a the margins. year gross significantly and versus thanks roughly last operating of to despite both supply more the environment in for while quality our go-to-market challenging and a future, continuing
Turning to Slide X.
continued us position deliver of the year reflecting will seasonality. typical billion free to 'XX to cash and generate QX also We year cash of in year, we flow Cash the expect was better flow cash free seasonality healthy year million. chain is This $X.X supply continue to by use aligned a begin at cash pre-pandemic converting in you therefore, billion. orders our of of back years. Our QX impacted has environment have $XXX uniquely to building prior been the in the or strategically 'XX also of if levels. look fiscal as This inventory of flow typical to $X half amounts more our this fiscal
turning on Slide to Now X. our outlook
pleased the 'XX top-line across full building am fiscal $X.XX. EPS QX for in range and our continue term we beyond. a growth I gives midpoint net by calendar the $X.XX confidence believe the the our the the in we and will are to to fiscal strength Given were future in pleased raising and perspective, of continued ongoing non-GAAP revenue backlog given that business, that we us short year. diluted with announce $X.XX growing outlook performance at that year From do year in to to momentum second supply We half very year strong orders last want likely remain prudent also 'XX well in the into challenges to
'XX revenue and to X% to result, X% outlook of As end of confidence with in the of have strong levels bodes still a elevated growth fiscal we our year year backlog, to expect be with expect sequential QX fiscal for 'XX. specifically, in-line mid-single of for are year to comfortable More current we with seasonality low down XXXX, revenue our digits consensus. normal well and which
of result, EPS expect QX $X.XX 'XX, a net to diluted and EPS $X.XX for net we to of diluted GAAP non-GAAP As $X.XX. $X.XX
'XX. overall, I first pleased quarter am year So with our very of fiscal
is and across to momentum a deliver strategy and resonating enabled raised with edge-to-cloud portfolio. fiscal start driving our strong the Our This year outlook. a to us increasing customers good with demand
of very all set positioned and commitments opportunity XXXX. We well financial to capitalize the are our against on at SAM ongoing deliver
it with Thank let's up that, open Now you. questions. for
