much, XXXX record for Thank quarter Antonio you Antonio. as very a said, HPE. was, QX
highlights will on Antonio I for XXXX you presentation some usual, discussed key guide through our reference As to performance. X. QX earnings slide slides
performance discuss slide our QX X. details, me with starting Let
pleased gross These first non-GAAP that of non-GAAP our our referenced quarterly of and terms spin-off the XXXX EPS a revenue, primarily in for has with of since reset record a strategy and non-GAAP year. margin are other financial our We are transactions. operating results quarter very driven strategy I execution we records margin,
for Notably, the QX business environment. supply improvements XXXX, revenues grew from in we segments, as year-over-year our across Save in all benefited corporate
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billion supply on and revenue constant seasonal revenue a above our $X.X thanks a QX delivered from did at for QX record a revenue to XX% revenue experience We segment of QX our typical least XXXX. year-over-year excellent in level. currency. of Russia exit QX, book. billion in which segments corporate QX QX decline execution despite our This and of equates our prior in only to and currency grew performance between growth well robust constant $X.X We X% our billion, not and guidance chain $X.X XX% order excluding large represented to was Each Belarus
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our long-term, as business to Over of margin offerings. software-intensive our structure continue continue benefit to shift the we margin mix to will as-a-Service higher
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gross actions. in XXXX growth been this took and Antonio While and would strong structure. strategic not drivers, margin cost key resources performance year revenue have our the fiscal optimize possible to without I result reallocate and are
mentioned maintain during our remain our last I earnings As Antonio to and focus productivity. call, on determined
company our and range strength EPS GAAP guidance net Non-GAAP and of exceeded $X.XX. non-GAAP diluted to EPS net diluted of translated margin QX of line to $X.XX was $X.XX easily another top in Our $X.XX record. EPS diluted net and
We typically seasonal outflows QX. cash XXXX billion. our QX have Our flow in $X.X negative was free
in detail billion moment. fiscal to $X.X billion flow in a year between we cash having XXXX. remain in discuss free cash track But and $X.X will more on that, generate We flow said in
intend are in fiscal buy substantial this $XXX worth we repurchased stock. million quarter return XXXX, Finally, just and in shares We in back did in to $XX year shareholders. like capital least year million to fiscal at paid XXXX. We of dividend $XXX million we continuing our to
to business performance. Turning on our as-a-Service
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this turn you constant I milestone now consecutive next $X record revenue and first second delivered Intelligent segment highlights revenue to Let's we revenue a our the the on rates currency. all time. billion that, slide. would are in like surpassed on quarter the the remind In growth for slide Edge, to
grew We revenue XX% our year-over-year.
customers. taking We combination wireless share enterprise in switching including are largest main SD-WAN and of our are of LAN, outgrowing with competitors enterprise our the and solutions, some
suite. increasingly our are service Customers our such adopting automation solutions platform, edge software-centric as
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continue IP is And this invest as our down own margin QX in of in We operating unit. a year-over-year. to R&D XXX points basis business result, for our products XX%
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has dynamic gross volatile helped Our us pricing supply climate driving while navigate margins. strategy a industry-leading
margin to attests long-term our performance. Our the should range of operating XX% believe XX% which target are XX.X% our XX%. of to and of Compute consecutive XX% our for margins exceeded quarter, peaking Compute outlook gradually best-in-class our to return We do operating fifth to
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recurring component profit each and is As a for of of segments. our this revenues you know, key
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diluted and EPS our Slide X performance. highlights net revenue non-GAAP
again are are making We the delivered in bottom progress edge-to-cloud that have we very our top on both results is pleased we and lines. the strategy financial evidence the
our non-GAAP healthy levels generate both only grown or success XXXX. EPS QX revenue This not illustrates in ability marketplace, our but the the commercial record and to products have near-record our also in to of We net margins. diluted
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Slide X illustrates the gross progress structure. in our margin have we made
margin is up points Our quarterly gross yet which QX in gross record. XX $X.X is XXXX QX generated year-over-year. billion XXXX, We in non-GAAP basis profit another
to profit gross fiscal the year challenges compute the favorable was growing rapidly, mix we revenue long-term that higher-margin the a are fiscal year-over-year. mix our year segments flat shift margin are testament of driving. at of of larger our Despite It a illustrative illustrates also our Our is our strong strategy we and and as to actions strategic This are XX% XXXX. success of momentum. XXXX pricing quarter, is a supply through gaining revenue computing base have period as-a-service in
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the leading very QX to resilient contributors margin gross performance are operating expansion. and the Our revenue margins strong our
on and cost unfold. maintain our the to order execution, is I and let many me profitable at companies our outstanding focus tech HPE that higher improved as a determined for future. we combination Again, delivering substantial growth growth of increasingly at and recently, announced strong that Unlike book with that recurring profitable transformation momentum reiterate this productivity layoffs continues have structure, margins are to Antonio as-a-service have
Let's to HXC. discuss now turn
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We keep exercise We you through – with to customers our sales intend do mind that, and China. distinct to continue the through in in to to our the committed will keep put our from and we business updated both commercial decision please is remain agreements direct China in HXC. serving HXC
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a In XXXX, from cash quarter first cash a positive fiscal capital in typically of payments, cycle billion our flow. to cash QX QX operations. in is has driven in had use Working was free from days investments $XXX due $X.X million which negative outflows of year to and XX perspective cash XXXX. down flow in Our receipts, days cash timing of And QX flow from in XX flow inventory, we a for continue flow. cash conversion
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future made have drive to HPEFS in we in volumes significant Also quarters. growth investment subsequent
of full flow We in reiterate cash XXXX $X.X cash free our free guidance billion expect to year billion year. the in fiscal and significant of $X.X for to generate remainder the flow
on slide Now XX. Slide outlook let's to turn our
QX mentioned, have QX with pre-pandemic it to was gains relative book more said XXXX differentiation levels. business drive demand we substantial believe products in we uneven continue our also across market and order QX our services our and are XXXX was to will a portfolio As that, share XXXX. entering Having for in than
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or that Belarus thinking inflationary risk. to remind currencies. pressure, Let exit exchange on would XXXX and of our guidance Russia and me you in foreign incorporates that the from like approximately macroeconomic revenue generated I our is XX% our foreign picture, in current reiterate
$X.X we XXXX, $X.X range reported in billion QX the X% year-over-year represents of every of to at point For expect dollars. billion range. revenues This the in growth
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sum very and with it am To up, QX. our QX results for pleased guidance I
We near-term. the some fiscal of remain announcement also weighted uneven to XXXX understand earnings to at – typical. last first our the performance than more the our is end markets half are our that is of likely weighted in financial indicated more year had to We in year be likely
Given the we we year QX performance, full and accordingly. continue our are to momentum lifting order substantial have, strong guidance book
X% Non-GAAP now operating X% net targeting diluted of growth $X.XX currency, X%, adjusted revenue billion. X% EPS non-GAAP free for $X.X to of midpoint, revenue We which growth $X.X to $X.XX. EPS are GAAP profit the and cash to $X.XX flow diluted growth of our to to is prior guidance, billion net at $X.XX twice of
XXXX Specifically to $X.XX for accounted the in are the per foreign repeat for gains fiscal share. to year. These OI&E, unlikely from we benefited rest of one-off $X.XX in QX that exchange
$X.XX our OI&E of which remain year fiscal of million $X.XX range we $XX full to is the $X.XX expected EPS Given unchanged, expect be to the to incorporates $XX This beat guidance year in environment XXXX rate million expense high explains $X.XX, on of basis. QX XXXX. an to interest a
returns, we repurchases. In will return free terms via shareholders flow cash XX% of approximately of and dividends capital to
worth are our and We in at shares $XXX fiscal repurchase dividend XXXX. to maintaining expect of million year least
better themselves, results than we conclude, So continue and our competition. for to to the execute speak
playing companies an and beyond. continuing with our I layoffs, execution to through forward tech execution XXXX fiscal look momentum of as to opportunity our accelerate fiscal many year defense are see Antonio strategy. XXXX we year While the and
it open for up let's questions. that, with Thank Now you.
