The enterprise software player reported first quarter net income of $223 million, or 17 cents a share, on revenue of $6.8 billion, down 2% from a year ago. Excluding charges, HPE delivered earnings of 52 cents a share.
Analysts were expecting earnings of 41 cents per share on revenue of $6.72 billion. Shares of HPE were up slightly after hours.
Elsewhere on the balance sheet, HPE said compute revenue came to $3 billion, down 1% year over year. Storage revenue was $1.2 billion, down 5% year-over-year. Within that segment, Nimble revenue was up 31% and revenue from All Flash Array Storage products were up 5%.
Meanwhile, High Performance Compute & Mission Critical Systems (HPC & MCS) revenue was $762 million, down 9% from the prior-year period.