HPE Reports Fiscal 2018 Full-Year and Fourth Quarter Results

(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. As a result, prior period numbers have been restated to conform with current period presentation.

(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 INFORMATION
(Unaudited)
(In millions)
   
   Twelve months ended October 31,
   2018  2017
Net revenue:(a)    
Hybrid IT $25,033  $23,627 
Intelligent Edge 2,929  2,584 
Financial Services 3,671  3,602 
Corporate Investments (1) 3 
Total segment net revenue 31,632  29,816 
Elimination of intersegment net revenue and other (780) (945)
Total Hewlett Packard Enterprise consolidated net revenue $30,852  $28,871 
     
Earnings from continuing operations before taxes:(a)(b)    
Hybrid IT $2,654  $2,274 
Intelligent Edge 237  253 
Financial Services 290  299 
Corporate Investments (90) (106)
Total segment earnings from operations 3,091  2,720 
     
Unallocated corporate costs and eliminations(b) (240) (408)
Unallocated stock-based compensation expense(b) (73) (110)
Amortization of intangible assets (294) (321)
Impairment of goodwill (88)  
Restructuring charges (19) (417)
Transformation costs (425) (359)
Disaster charges   (93)
Acquisition and other related charges (82) (203)
Separation costs (12) (248)
Defined benefit plan settlement charges and remeasurement (benefit)   64 
Interest and other, net (274) (327)
Tax indemnification adjustments (1,354) (3)
Earnings (loss) from equity interests   38     (23 )
Total Hewlett Packard Enterprise consolidated earnings from continuing operations before taxes   $ 268     $ 272  

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