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Hewlett Packard Enterprise logoHewlett Packard Enterprise HPE

The company said that, effective at the beginning of the first quarter of fiscal 2024, it created a new Hybrid Cloud business segment combining the existing Storage business, HPE GreenLake for Compute, private cloud products and services, and the HPE Software business.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said that, effective at the beginning of the first quarter of fiscal 2024, it created a new Hybrid Cloud business segment combining the existing Storage business, HPE GreenLake for Compute, private cloud products and services, and the HPE Software business.

  2. HPE said it reflected the organizational change retrospectively in segment information for fiscal 2023 and 2022, and that it had no impact on previously reported consolidated net revenue, net earnings, net earnings per share or total assets.

  3. HPE disclosed revised net revenue for fiscal 2023 on a twelve months ended Oct. 31, 2023 basis, with Hybrid Cloud at 5,493 million and HPC & AI at 2,939 million, and said HPC & AI declined by 974 million from the previously reported amount.

  4. The company said that, for fiscal 2023 full-year total HPE consolidated net revenue was 29,135 million both before and after the revision, and consolidated earnings before taxes was 2,230 million, with no difference between the two sets of figures.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Hybrid Cloud segment created starting fiscal 2024 first quarter

The company said that, effective at the beginning of the first quarter of fiscal 2024, it created a new Hybrid Cloud business segment combining the existing Storage business, HPE GreenLake for Compute, private cloud products and services, and the HPE Software business.

Source · Based on the filing body and exhibits

Segment data for fiscal 2023 and 2022 restated, consolidated results unchanged

HPE said it reflected the organizational change retrospectively in segment information for fiscal 2023 and 2022, and that it had no impact on previously reported consolidated net revenue, net earnings, net earnings per share or total assets.

Source · Based on the filing body and exhibits

Full-year fiscal 2023 Hybrid Cloud and HPC & AI net revenue reallocated

HPE disclosed revised net revenue for fiscal 2023 on a twelve months ended Oct. 31, 2023 basis, with Hybrid Cloud at 5,493 million and HPC & AI at 2,939 million, and said HPC & AI declined by 974 million from the previously reported amount.

Source · Based on the filing body and exhibits

Full-year fiscal 2023 consolidated revenue and pretax earnings unchanged before and after revision

The company said that, for fiscal 2023 full-year total HPE consolidated net revenue was 29,135 million both before and after the revision, and consolidated earnings before taxes was 2,230 million, with no difference between the two sets of figures.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.