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Hewlett Packard Enterprise Hewlett Packard Enterprise 11445 Compaq Center West Drive Houston , TX 77070 hpe.com News Release HPE Reports Fiscal 2021 Second Quarter Results Q2 marked by revenue growth , strong profitability and cash flow ; raising FY21 EPS and FCF outlook Q2 2021 Financial Highlights : • • • • Revenue : $ 6.7 billion , up 11 % from the prior - year period or 9 % when adjusted for currency with better than normal sequential seasonality driven by strong demand • Annualized revenue run - rate ( ARR ) : $ 678 million , up 30 % from the prior - year period Intelligent Edge revenue : $ 799 million , up 20 % from the prior year period or 17 % when adjusted for currency HPC & MCS revenue : $ 685 million , up 13 % from the prior - year period or 11 % when adjusted for currency Core businesses delivered revenue growth and strong profitability with Compute revenue of $ 3.0 billion , up 12 % from the prior - year period or 10 % when adjusted for currency and Storage revenue of $ 1.1 billion , up 5 % from the prior - year period or 3 % when adjusted for currency Diluted net earnings per share ( " EPS " ) : GAAP of $ 0.19 , above the previously provided outlook of $ 0.02 to $ 0.08 per share Non - GAAP of $ 0.46 , up 70 % from the prior - year period and above the previously provided outlook of $ 0.38 to $ 0.44 per share Cash flow from operations of $ 822 million , up $ 722 million from the prior - year period Generated free cash flow of $ 368 million , up $ 770 million from the prior - year period Dividend : declared a regular cash dividend of $ 0.12 per share , payable on July 7 , 2021 Outlook : • Fiscal 2021 Third quarter : Estimates GAAP diluted net EPS to be in the range of $ 0.04 to $ 0.10 and non - GAAP diluted net EPS to be in the range of $ 0.38 to $ 0.44 • Fiscal 2021 : Raises GAAP diluted net EPS outlook to $ 0.60 to $ 0.72 and non - GAAP diluted net EPS outlook to $ 1.82 to $ 1.94 Fiscal 2021 free cash flow¹ : Raises free cash flow guidance to $ 1.2 to $ 1.5 billion