HPE Reports Fiscal 2018 Full-Year and Fourth Quarter Results


HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION
(Unaudited)
(In millions)
   
   Three months ended
   October 31,
 2018
  July 31,
 2018
  October 31,
 2017
Net revenue:(a)      
Hybrid IT $6,436  $6,243  $6,155 
Intelligent Edge 814  785  697 
Financial Services 939  928  1,010 
Corporate Investments     3 
Total segment net revenue 8,189  7,956  7,865 
Elimination of intersegment net revenue and other (243) (192) (205)
Total Hewlett Packard Enterprise consolidated net revenue $7,946  $7,764  $7,660 
       
Earnings from continuing operations before taxes:(a)(b)      
Hybrid IT $764  $661  $602 
Intelligent Edge 82  91  87 
Financial Services 73  73  77 
Corporate Investments (23) (24) (21)
Total segment earnings from operations 896  801  745 
       
Unallocated corporate costs and eliminations(b) (88) (44) (100)
Unallocated stock-based compensation expense(b) (9) (14) (20)
Amortization of intangible assets (72) (72) (86)
Impairment of goodwill (88)    
Restructuring charges (5) (2) (113)
Transformation costs 74  (131)  (328 )
Disaster charges           (93 )
Acquisition and other related charges   (12 )   (24 )   (53 )
Separation costs   (12 )   2     (202 )
Defined benefit plan settlement charges and remeasurement (benefit)           26  
Interest and other, net   (111 )   (64 )   (76 )
Tax indemnification adjustments   (12 )   2     (2 )
Earnings from equity interests   15     11     1  
Total Hewlett Packard Enterprise consolidated earnings (loss) from continuing operations before taxes   $ 576     $ 465     $ (301 )

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