PALO ALTO, CA -- (Marketwired) -- Nov 24, 2015 -- Hewlett Packard Enterprise (NYSE: HPE)

• Delivers second consecutive quarter of Hewlett Packard Enterprise segment revenue growth in constant currency in fiscal 2015 fourth quarter
• Reaffirms 2016 Full Year Outlook of $1.85 - $1.95 in non-GAAP diluted net earnings per share

Hewlett Packard Enterprise (NYSE: HPE) today provided an update on its fiscal 2015 fourth quarter segment results, reaffirmed its fiscal 2016 outlook and provided its outlook for the fiscal 2016 first quarter.

"Hewlett Packard Enterprise is off to a very strong start," said Meg Whitman, president and chief executive officer, Hewlett Packard Enterprise. "The new company's business segments delivered a second consecutive quarter of constant currency revenue growth in Q4, and we believe that momentum will accelerate into FY16."

Fiscal 2015 Fourth Quarter Hewlett Packard Enterprise Segment Results

During the fiscal 2015 fourth quarter, Hewlett Packard Enterprise operated as part of Hewlett-Packard Company, and its results were consolidated within Hewlett-Packard Company results. Full Hewlett-Packard Company fourth quarter financial results can be found at HP.com by clicking on "Investor relations".

In the fiscal 2015 fourth quarter, total revenue from Hewlett Packard Enterprise segments was $14.1 billion, down 4% year over year, or up 3% in constant currency. This is the second consecutive quarter of year over year, constant currency revenue growth for the Hewlett Packard Enterprise segments.

Business segment results are as follows:

• Enterprise Group revenue was $7.4 billion, up 2% year over year, up 9% in constant currency, with a 14.0% operating margin. Industry Standard Servers revenue was up 5%, up 13% in constant currency, Storage revenue was down 7%, flat in constant currency, Business Critical Systems revenue was down 8%, down 2% in constant currency, Networking revenue was up 35%, up 43% in constant currency, and Technology Services revenue was down 11%, down 4% in constant currency.
• Enterprise Services revenue was $5.0 billion, down 9% year over year, down 2% in constant currency, with an 8.2% operating margin. Infrastructure Technology Outsourcing revenue was down 11%, down 4% in constant currency, and Application and Business Services revenue was down 5%, up 1% in constant currency.
• Software revenue was $958 million, down 7% year over year, down 2% in constant currency, with a 30.1% operating margin. License revenue was down 6%, down 2% in constant currency, support revenue was down 9%, down 4% in constant currency, professional services revenue was down 3%, up 4% in constant currency, and software-as-a-service (SaaS) revenue was down 2%, down 2% in constant currency.
• HP Financial Services revenue was $802 million, down 11% year over year, down 4% in constant currency with a 2% increase in net portfolio assets and a 4% decrease in financing volume. The business delivered an operating margin of 10.8%.

Fiscal 2015 Results

On a pro-forma basis, Hewlett Packard Enterprise estimates its total contribution to Hewlett-Packard Company fiscal 2015 non-GAAP diluted net EPS was approximately $1.84, within the range provided at the Hewlett-Packard Company Securities Analyst Meeting in September.

The unaudited pro forma Hewlett Packard Enterprise fiscal 2015 non-GAAP diluted net earnings per share information presented is based on its estimated contribution to Hewlett-Packard Company's fiscal 2015 non-GAAP diluted net EPS as adjusted to give effect to the separation transaction effective on November 1, 2015. The pro forma amounts do not necessarily reflect what the fiscal 2015 non-GAAP diluted net EPS of Hewlett Packard Enterprise would have been had the separation occurred on November 1, 2014. They also may not be useful in predicting the future financial condition and results of operations of the separate companies. The actual financial position and results of operations as reported in Hewlett Packard Enterprise's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission may differ significantly from the pro forma amounts reflected herein due to a variety of factors.

In fiscal 2015, Hewlett Packard Enterprise operated as part of Hewlett-Packard Company. Hewlett Packard Enterprise provided detailed information in its Registration Statement on Form 10 and additional information will be available in the first Form 10-K filing for Hewlett Packard Enterprise in December. Beginning in the first quarter of fiscal 2016, Hewlett Packard Enterprise will begin reporting detailed quarterly financial results.

Fiscal 2016 First Quarter and Full Year Outlook

For fiscal 2016, Hewlett Packard Enterprise affirmed the non-GAAP diluted net EPS outlook announced in September. Hewlett Packard Enterprise estimates non-GAAP diluted net EPS to be in the range of $1.85 to $1.95 and GAAP diluted net EPS to be in the range of $0.75 to $0.85. Fiscal 2016 non-GAAP diluted net EPS estimates exclude after-tax costs of approximately $1.10 per share, related to restructuring charges, the amortization of intangible assets, separation costs and acquisition-related charges.

For the fiscal 2016 first quarter, Hewlett Packard Enterprise estimates non-GAAP diluted net EPS to be in the range of $0.37 to $0.41 and GAAP diluted net EPS to be in the range of $0.09 to $0.13. Fiscal 2016 first quarter non-GAAP diluted net EPS estimates exclude after-tax costs of approximately $0.28 per share, related to restructuring charges, the amortization of intangible assets, separation costs and acquisition-related charges.

About Hewlett Packard Enterprise
Hewlett Packard Enterprise (HPE) is an industry leading technology company that enables customers to go further, faster. With the industry's most comprehensive portfolio, spanning the cloud to the data center to workplace applications, our technology and services help customers around the world make IT more efficient, more productive and more secure.

Use of non-GAAP financial information
To supplement Hewlett Packard Enterprise's consolidated and combined financial statement information presented on a generally accepted accounting principles (GAAP) basis, Hewlett Packard Enterprise provides revenue on a constant currency basis, as well as non-GAAP operating profit, non-GAAP operating margin, non-GAAP net earnings and non-GAAP diluted net earnings per share. Hewlett Packard Enterprise also provides forecasts of non-GAAP diluted net earnings per share. A reconciliation of adjustments to GAAP financial measures is included in this news release. In addition, an explanation of the ways in which Hewlett Packard Enterprise's management uses these non-GAAP measures to evaluate its business, the substance behind Hewlett Packard Enterprise's decision to use these non-GAAP measures, the material limitations associated with the use of these non-GAAP measures, the manner in which Hewlett Packard Enterprise's management compensates for those limitations, and the substantive reasons why Hewlett Packard Enterprise's management believes that these non-GAAP measures provide useful information to investors is included under "Use of non-GAAP financial measures" further below. This additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for revenue, operating profit, operating margin, net earnings or diluted net earnings per share prepared in accordance with GAAP.

Forward-looking statements
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise may differ materially from those expressed or implied by such forward-looking statements and assumptions.

All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any projections of revenue, margins, expenses, effective tax rates, net earnings, net earnings per share, cash flows, benefit plan funding, share repurchases, currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring charges; any statements of the plans, strategies and objectives of management for future operations, including the recently completed separation transaction, the execution of restructuring plans and any resulting cost savings or revenue or profitability improvements; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on Hewlett Packard Enterprise and its financial performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements or assumptions underlying any of the foregoing.

Risks, uncertainties and assumptions include the need to address the many challenges facing Hewlett Packard Enterprise's businesses; the competitive pressures faced by Hewlett Packard Enterprise's businesses; risks associated with executing Hewlett Packard Enterprise's strategy; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of Hewlett Packard Enterprise's products and the delivery of Hewlett Packard Enterprise's services effectively; the protection of Hewlett Packard Enterprise's intellectual property assets, including intellectual property licensed from third parties; risks associated with Hewlett Packard Enterprise's international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by Hewlett Packard Enterprise and its suppliers, customers and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the results of the separation transaction or restructuring plans, including estimates and assumptions related to the cost (including any possible disruption of Hewlett Packard Enterprise's business) and the anticipated benefits of the separation or of implementing the restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in Hewlett Packard Enterprise's Registration Statement on Form 10 dated July 1, 2015, as amended.