Published on 25 Apr 2024 on GuruFocus.com via Yahoo Finance
Revenue: $1,148.9 million, down 16% year-over-year, falling short of estimates of $1,242.26 million.Net Income: GAAP net loss of $0.8 million, a significant decrease from a net income of $85.4 million in the previous year, falling short of estimates of $125.50 million net income.Earnings Per Share: GAAP diluted net loss per share of $(0.00), below the estimated earnings per share of $0.40.Operating Margin: GAAP operating margin declined to (1.2)%, down from 8.4% year-over-year.Cash Flow: Net cash flows provided by operations were $325.0 million, significantly higher compared to $191.5 million in the first quarter of 2023.Dividend: Declared a quarterly cash dividend of $0.22 per share, maintaining commitment to shareholder returns.Merger Update: Progress on the proposed merger with Hewlett Packard Enterprise, expected to close by early 2025.
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