"The CSC arrangement is expected to remove about 100,000 employees -- and their associated costs -- from HP Enterprise's books. And the positive impact of cutting costs is already evident. Despite reporting a 2% drop in revenue to $12.5 billion after one-time items, HP Enterprise delivered an impressive 11% increase in earnings per share (EPS) to $0.61, along with better operating margin."
4 replies (most recent on top)
stellar 2016 performance? ...
if it was stellar performance they would be growing their market share across the board.
People with real money will pay attention to real numbers.
some people will put lipstick on a pig and do their best to convince you it's not a pig...
real investors don't believe their eyes.. they know what a pig smells like too...
Good post
Did not know this
Should link to the article so they know you are not a troll... ;)
http://www.fool.com/investing/2016/12/12/why-analysts-are-wrong-about-hewlett-packard-enter.aspx
More from the same article...
"The aforementioned year-to-date stock gains of 61% might suggest HP Enterprise stock is overvalued, but in fact it's just the opposite. Based on its P/E ratio of 13, HP Enterprise is one of the least expensive alternatives in its sandbox. Looking ahead, HP Enterprise is valued at just 11 times future earnings.
Here's the bottom line: Long-term investors shouldn't let analyst negativity, pending changes, or HP Enterprise's stellar 2016 performance scare them off. It's delivering EPS growth and paring expenses. Its shareholders will soon own three IT leaders and its strong balance sheet is getting stronger. That's simply too many positives to warrant the negative sentiments."