HPE Reports Fiscal 2017 Full-Year and Fourth Quarter Results


Effective at the beginning of the first quarter of fiscal 2017, the Company implemented organizational changes to align its segment financial reporting more closely with its current business structure. These organizational changes resulted in: (i) within the Enterprise Group segment, primarily, the transfer of the big data storage product group previously reported within the Servers business unit to the Storage business unit; the transfer of the Aruba services capabilities previously reported within the Networking business unit to the Technology Services business unit; and (ii) the transfer of the CMS product group previously reported within the former ES segment to the Technology Services business unit within the Enterprise Group segment.

The Company reflected these changes to its segment information retrospectively to the earliest period presented, which resulted in: (i) within the Enterprise Group segment, primarily, the transfer of net revenue from the big data storage product group previously reported within the Servers business unit to the Storage business unit; the transfer of net revenue from the Aruba services capabilities previously reported within the Networking business unit to the Technology Services business unit; and (ii) the transfer of net revenue, related eliminations of intersegment revenues and operating profit from the CMS product group previously reported within the former ES segment to the Technology Services business unit within the Enterprise Group segment.

Effective at the beginning of the second quarter of fiscal 2017 and prior to the completion of the spin-off of the enterprise services business, Everett SpinCo, Inc., and the merger of Everett SpinCo, Inc. with Computer Sciences Corporation, the Company transferred historical net revenue and operating profit from the previously divested MphasiS product group which was reported within the former ES segment to the Corporate Investments segment.

The changes within the Enterprise Group segment had no impact on Hewlett Packard Enterprise’s previously reported Enterprise Group segment net revenue and earnings from operations. The change between former ES segment and the Enterprise Group segment had no impact on Hewlett Packard Enterprise's previously reported consolidated net revenue, earnings from continuing operations, net earnings from continuing operations or net earnings per share from continuing operations.

  • For the periods prior to the completion of the Everett and Seattle Transactions respectively, the amounts include the elimination of pre-separation intercompany sales to the former ES and Software segments, which are included within Net earnings (loss) from discontinued operations in the Consolidated Statements of Earnings.

  • HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
    SEGMENT OPERATING MARGIN SUMMARY DATA
    (Unaudited)
         
       Three months
    ended
      Change in Operating
    Margin (pts)
       October 31, 2017  Q/Q  Y/Y
    Segment operating margin:(a)      
    Enterprise Group 10.6% 1.3 pts (2.7) pts
    Financial Services 7.7% (0.1) pts (2.5) pts
    Corporate Investments(b) NM NM NM
    Total segment operating margin 9.8% 1.1 pts (2.3) pts
            
    1. As of April 1, 2017, with the spin-off of the enterprise services business, Everett SpinCo, Inc., and the merger of Everett SpinCo, Inc. with Computer Sciences Corporation, and as of September 1, 2017, with the spin-off of the software business, Seattle SpinCo, Inc., and the merger of Seattle SpinCo, Inc. with Micro Focus, the Company reclassified the historical net (loss) earnings from the former enterprise services segment ("former ES segment"), and the former software segment ("former software segment"), to Net earnings (loss) from discontinued operations in its Consolidated Statements of Earnings.

      Effective at the beginning of the first quarter of fiscal 2017, the Company implemented organizational changes to align its segment financial reporting more closely with its current business structure. These organizational changes resulted in: (i) within the Enterprise Group segment, primarily, the transfer of the big data storage product group previously reported within the Servers business unit to the Storage business unit; the transfer of the Aruba services capabilities previously reported within the Networking business unit to the Technology Services business unit; and (ii) the transfer of the CMS product group previously reported within the former ES segment to the Technology Services business unit within the Enterprise Group segment.

      The Company reflected these changes to its segment information retrospectively to the earliest period presented, which resulted in: (i) within the Enterprise Group segment, primarily, the transfer of net revenue from the big data storage product group previously reported within the Servers business unit to the Storage business unit; the transfer of net revenue from the Aruba services capabilities previously reported within the Networking business unit to the Technology Services business unit; and (ii) the transfer of net revenue, related eliminations of intersegment revenues and operating profit from the CMS product group previously reported within the former ES segment to the Technology Services business unit within the Enterprise Group segment.

      Effective at the beginning of the second quarter of fiscal 2017 and prior to the completion of the spin-off of the enterprise services business, Everett SpinCo, Inc., and the merger of Everett SpinCo, Inc. with Computer Sciences Corporation, the Company transferred historical net revenue and operating profit from the previously divested MphasiS product group which was reported within the former ES segment to the Corporate Investments segment.

      The changes within the Enterprise Group segment had no impact on Hewlett Packard Enterprise’s previously reported Enterprise Group segment net revenue and earnings from operations. The change between former ES segment and the Enterprise Group segment had no impact on Hewlett Packard Enterprise's previously reported consolidated net revenue, earnings from continuing operations, net earnings from continuing operations or net earnings per share from continuing operations.

    2. “NM” represents not meaningful.


    HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
    CALCULATION OF DILUTED NET EARNINGS (LOSS) PER SHARE
    (Unaudited)
    (In millions, except per share amounts)
      
      Three months ended
      October 31,
     2017
      July 31,
     2017
      October 31,
     2016
    Numerator:          
    GAAP net earnings from continuing operations $ 378     $ 285     $ 326  
    GAAP net earnings (loss) from discontinued operations $ 146     $ (120 )   $ (24 )
    Non-GAAP net earnings from continuing operations $ 473     $ 375     $ 389  
    Non-GAAP net earnings from discontinued operations $ 30     $ 122     $ 646  
               
    Denominator:          
    Weighted-average shares used to compute basic net earnings per share and
    diluted net earnings (loss) per share
    1,618     1,641     1,672  
    Dilutive effect of employee stock plans (a) 29     26     37  
    Weighted-average shares used to compute diluted net earnings per share 1,647     1,667     1,709  
               
    GAAP net earnings per share from continuing operations          
    Basic $ 0.23     $ 0.17     $ 0.19  
    Diluted (a) $ 0.23     $ 0.17     $ 0.19  
               
    GAAP net earnings (loss) per share from discontinued operations          
    Basic $ 0.09     $ (0.07 )   $ (0.01 )
    Diluted (a) $ 0.09     $ (0.07 )   $ (0.01 )
               
    Non-GAAP net earnings per share from continuing operations          
    Basic $ 0.29     $ 0.23     $ 0.23  
    Diluted (b) $ 0.29     $ 0.22     $ 0.23  
               
    Non-GAAP net earnings per share from discontinued operations          
    Basic $ 0.02     $ 0.07     $ 0.39  
    Diluted (b) $ 0.02     $ 0.08     $ 0.38  
               
    Total Hewlett Packard Enterprise GAAP basic net earnings per share $ 0.32     $ 0.10     $ 0.18  
    Total Hewlett Packard Enterprise GAAP diluted net earnings per share $ 0.32     $ 0.10     $ 0.18  
    Total Hewlett Packard Enterprise Non-GAAP basic net earnings per share $ 0.31     $ 0.30     $ 0.62  
    Total Hewlett Packard Enterprise Non-GAAP diluted net earnings per share $ 0.31     $ 0.30     $ 0.61  
                           
    1. GAAP diluted net earnings per share reflects any dilutive effect of restricted stock awards, stock options and performance-based stock awards, but the effect is excluded when there is a net (loss) from continuing operations and discontinued operations because it would be anti-dilutive.
    2. Non-GAAP diluted net earnings per share reflects any dilutive effect of restricted stock awards, stock options and performance-based awards.

    « Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15  Next Page »



    Review Article Be the first to review this article
    Featured Video
    Jobs
    Principal Design Verification Engineer for NXP Semiconductors at San Jose, California
    Technical Product Manager- SISW-EDA 238452 for Siemens AG at Fremont, California
    Systems Engineer/Product Definer for Cirrus Logic, Inc. at San Francisco,, California
    Hardware Engineer - Entry Level for Apple Inc at Cupertino, California
    ASIC Design Engineer, Entry Level for NXP Semiconductors at San Jose, California
    Senior Design Verification Engineer for Arteris IP at Campbell, California
    Upcoming Events
    SEMICON Korea 2022 Hybrid at United States - Feb 9 - 11, 2022
    DVCon U.S. 2022 at Virtual CA - Feb 28 - 3, 2022
    DATE '22: Design, Automation and Test in Europe at Antwerp Belgium - Mar 14 - 23, 2022
    DesignCon 2022 at Santa Clara CA - Apr 5 - 7, 2022



    © 2022 Internet Business Systems, Inc.
    670 Aberdeen Way, Milpitas, CA 95035
    +1 (408) 882-6554 — Contact Us, or visit our other sites:
    AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
      Privacy PolicyAdvertise