Hewlett Packard Enterprise Co. (NYSE: HPE) reported its fiscal first-quarter financial results after the markets closed on Thursday. The company said it had $0.41 in earnings per share (EPS) on $12.7 billion in revenue, which compares to consensus estimates of $0.40 in EPS on revenue of $12.68 billion. The same period of last year had EPS of $0.44 and $13.1 billion in revenue.
In terms of the outlook, the company expects EPS to be in the range of $0.39 to $0.43 for the fiscal second quarter and for EPS to be in the range of $1.85 to $1.95 for fiscal 2016. The consensus estimates call for EPS of $0.42 and $1.87 in the fiscal second quarter and full year, respectively.
During this quarter, the company returned roughly $1.3 billion to shareholders in the form of share repurchases and dividends. However, the company is taking a more ambitious stance going forward as it plans to return all of its free cash flow to shareholders in the coming year.
Tim Stonesifer, chief financial officer of Hewlett Packard Enterprise, said:
After returning $1.3 billion in capital to our shareholders, HPE is increasing our commitment to return at least 100% of our free cash flow outlook to shareholders in fiscal 2016. In addition, when the Tsinghua transaction closes, we plan to use the majority of roughly $2 billion received to repurchase shares.
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