HPE Reports Fiscal 2018 Full-Year and Fourth Quarter Results

(a) Effective at the beginning of the first quarter of fiscal 2018, the Company implemented organizational changes to align its segment financial reporting more closely with its current business structure. As a result, prior period numbers have been restated to conform with current period presentation.


HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions, except percentages)
  
  Twelve months ended October 31,
  2018  2017  Y/Y
Net revenue:(a)     
Hybrid IT     
Hybrid IT Product     
Compute$13,823  $12,837  8%
Storage3,706  3,280  13%
DC Networking225  214  5%
Total Hybrid IT Product17,754  16,331  9%
HPE Pointnext7,279  7,296   
Total Hybrid IT25,033  23,627  6%
Intelligent Edge     
HPE Aruba Product2,619  2,307  14%
HPE Aruba Services310  277  12%
Total Intelligent Edge2,929  2,584  13%
Financial Services3,671  3,602  2%
Corporate Investments(1) 3  (133%)
Total segment net revenue31,632  29,816  6%
Elimination of intersegment net revenue and other(780) (945) (17%)
Total Hewlett Packard Enterprise consolidated net revenue$30,852  $28,871  7%

(a) Effective at the beginning of the first quarter of fiscal 2018, the Company implemented organizational changes to align its segment financial reporting more closely with its current business structure. As a result, prior period numbers have been restated to conform with current period presentation.


HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
SEGMENT OPERATING MARGIN SUMMARY DATA
(Unaudited)
     
   Three months ended  Change in Operating
Margin (pts)
   October 31, 2018  Q/Q  Y/Y
Segment operating margin:(a)      
Hybrid IT 11.9% 1.3 pts  2.1 pts
Intelligent Edge   10.1 %   (1.5) pts   (2.4) pts
Financial Services   7.8 %   (0.1) pts   0.2 pts
Corporate Investments (b)   NM     NM   NM
Total segment operating margin   10.9 %   0.8 pts   1.4 pts

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