(b) Effective at the beginning of the first quarter of fiscal 2018, the Company implemented certain changes to its allocation methodology for stock-based compensation expense and certain corporate costs, which align to its segment financial reporting and are consistent with the manner in which the operating segments will be evaluated for performance on a prospective basis. 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) | |||||||||||||||||
Three months ended | Change (%) | ||||||||||||||||
October 31,
2018 |
July 31,
2018 |
October 31,
2017 | Q/Q | Y/Y | |||||||||||||
Net revenue:(a) | |||||||||||||||||
Hybrid IT | |||||||||||||||||
Hybrid IT Product | |||||||||||||||||
Compute | $ | 3,608 | $ | 3,510 | $ | 3,321 | 3 | % | 9 | % | |||||||
Storage | 959 | 887 | 905 | 8 | % | 6 | % | ||||||||||
DC Networking | 58 | 59 | 57 | (2 | %) | 2 | % | ||||||||||
Total Hybrid IT Product | 4,625 | 4,456 | 4,283 | 4 | % | 8 | % | ||||||||||
HPE Pointnext | 1,811 | 1,787 | 1,872 | 1 | % | (3 | %) | ||||||||||
Total Hybrid IT | 6,436 | 6,243 | 6,155 | 3 | % | 5 | % | ||||||||||
Intelligent Edge | |||||||||||||||||
HPE Aruba Product | 729 | 706 | 624 | 3 | % | 17 | % | ||||||||||
HPE Aruba Services | 85 | 79 | 73 | 8 | % | 16 | % | ||||||||||
Total Intelligent Edge | 814 | 785 | 697 | 4 | % | 17 | % | ||||||||||
Financial Services | 939 | 928 | 1,010 | 1 | % | (7 | %) | ||||||||||
Corporate Investments | — | — | 3 | NM | (100 | %) | |||||||||||
Total segment net revenue | 8,189 | 7,956 | 7,865 | 3 | % | 4 | % | ||||||||||
Elimination of intersegment net revenue and other | (243 | ) | (192 | ) | (205 | ) | 27 | % | 19 | % | |||||||
Total Hewlett Packard Enterprise consolidated net revenue | $ | 7,946 | $ | 7,764 | $ | 7,660 | 2 | % | 4 | % |