HPE Reports Fiscal 2018 Third Quarter Results

The Company reflected these changes to its segment information retrospectively to the earliest period presented, which primarily resulted in: (i) the transfer of net revenue, related eliminations of intersegment revenues and operating profit from the former Servers and Storage business units, the HPE Pointnext and CMS businesses within the former Technology Services business unit and the data center networking business within the former Networking business unit, all of which were previously reported within the former EG segment, to the Hybrid IT segment; (ii) the transfer of net revenue, related eliminations of intersegment revenues and operating profit from the remaining networking products businesses within the former Networking business unit, and Aruba services within the former Technology Services business unit, all of which were previously reported within the former EG segment, to the Intelligent Edge segment; and (iii) the transfer of the operating loss from cloud-related activities previously reported within Corporate Investments to the Hybrid IT segment.

These changes had no impact on Hewlett Packard Enterprise's previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.


HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions, except percentages)
   
  Nine Months Ended July 31,
  2018  2017  Y/Y
Net revenue:(a)     
Hybrid IT     
Hybrid IT Product     
Compute$10,215  $9,516  7%
Storage2,747  2,375  16%
DC Networking167  157  6%
Total Hybrid IT Product13,129  12,048  9%
HPE Pointnext5,468  5,424  1%
Total Hybrid IT18,597  17,472  6%
Intelligent Edge     
HPE Aruba Product1,890  1,683  12%
HPE Aruba Services225  204  10%
Total Intelligent Edge2,115  1,887  12%
      
Financial Services2,732  2,592  5%
Corporate Investments(1)   NM 
Total segment net revenue23,443  21,951  7%
      
Elimination of intersegment net revenue and other(537) (740) (27%)
Total Hewlett Packard Enterprise consolidated net revenue$22,906  $21,211  8%

(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. These organizational changes primarily include: (i) the transfer of the former Servers and Storage business units, the HPE Pointnext and CMS businesses within the former Technology Services business unit, and the data center networking business within the former Networking business unit, all of which were previously reported within the former EG segment, to the newly formed Hybrid IT segment; (ii) the transfer of the remaining networking products businesses, which include wireless LAN, campus and branch switching and edge compute within the former Networking business unit, and Aruba services within the former Technology Services business unit, all of which were previously reported within the former EG segment, to the newly formed Intelligent Edge segment; and (iii) the transfer of cloud-related activities previously reported within Corporate Investments to the Hybrid IT segment.

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