other material
confidence high
sentiment neutral
materiality 0.50
HPE reorganizes segments; creates Hybrid Cloud, retroactively restates FY23 & FY22
Hewlett Packard Enterprise Co
- New Hybrid Cloud segment aggregates former Storage ($4.4B FY23), greenlake compute, private cloud, HPE Software.
- HPC & AI revenue for FY12mo Oct 2023 revised down $974M, transferred to Compute and Hybrid Cloud.
- Compute segment margin for FY23 revised up 2.2 pts to 15.9% on $11.4B revenue.
- Intelligent Edge gains Athonet; total consolidated net revenue unchanged at $29.1B (FY23).