Hewlett Packard Enterprise Co. said its normalized net income for the fiscal first quarter ended Jan. 31 was 31 cents per share, compared with the S&P Capital IQ consensus estimate of 44 cents per share.

EPS climbed 25.9% year over year from 24 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $522.5 million, a gain of 20.3% from $434.4 million in the year-earlier period.

The normalized profit margin declined to 4.8% from 5.1% in the year-earlier period.

Total revenue climbed 33.7% year over year to $11.41 billion from $8.53 billion, and total operating expenses increased 34.9% year over year to $10.47 billion from $7.76 billion.

Reported net income decreased 27.1% from the prior-year period to $272.0 million, or 16 cents per share, from $373.2 million, or 21 cents per share.