Exhibit 99.1
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
FISCAL 2023 SEGMENT INFORMATION (Revised)
(Unaudited)
(In millions)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| REVISED AMOUNTS | | AMOUNTS AS PREVIOUSLY REPORTED | | VARIANCE |
| Three months ended | | Twelve months ended | | Three months ended | | Twelve months ended | | Three months ended | | Twelve months ended |
| Jan. 31, 2023 | | Apr. 30, 2023 | | July 31, 2023 | | Oct. 31, 2023 | | Oct. 31, 2023 | | Jan. 31, 2023 | | Apr. 30, 2023 | | July 31, 2023 | | Oct. 31, 2023 | | Oct. 31, 2023 | | Jan. 31, 2023 | | Apr. 30, 2023 | | July 31, 2023 | | Oct. 31, 2023 | | Oct. 31, 2023 |
Net Revenue: (a) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Compute | $ | 3,508 | | | $ | 2,734 | | | $ | 2,589 | | | $ | 2,591 | | | $ | 11,422 | | | $ | 3,456 | | | $ | 2,761 | | | $ | 2,624 | | | $ | 2,595 | | | $ | 11,436 | | | $ | 52 | | | $ | (27) | | | $ | (35) | | | $ | (4) | | | $ | (14) | |
HPC & AI | 824 | | | 553 | | | 579 | | | 983 | | | 2,939 | | | 1,056 | | | 840 | | | 836 | | | 1,181 | | | 3,913 | | | (232) | | | (287) | | | (257) | | | (198) | | | (974) | |
Storage | — | | | — | | | — | | | — | | | — | | | 1,187 | | | 1,043 | | | 1,074 | | | 1,111 | | | 4,415 | | | (1,187) | | | (1,043) | | | (1,074) | | | (1,111) | | | (4,415) | |
Hybrid Cloud | 1,384 | | | 1,371 | | | 1,397 | | | 1,341 | | | 5,493 | | | — | | | — | | | — | | | — | | | — | | | 1,384 | | | 1,371 | | | 1,397 | | | 1,341 | | | 5,493 | |
Intelligent Edge | 1,169 | | | 1,344 | | | 1,456 | | | 1,410 | | | 5,379 | | | 1,127 | | | 1,304 | | | 1,415 | | | 1,358 | | | 5,204 | | | 42 | | | 40 | | | 41 | | | 52 | | | 175 | |
Financial Services | 873 | | | 858 | | | 873 | | | 876 | | | 3,480 | | | 873 | | | 858 | | | 873 | | | 876 | | | 3,480 | | | — | | | — | | | — | | | — | | | — | |
Corporate Investments and Other | 234 | | | 242 | | | 246 | | | 263 | | | 985 | | | 293 | | | 296 | | | 318 | | | 343 | | | 1,250 | | | (59) | | | (54) | | | (72) | | | (80) | | | (265) | |
Total segments | 7,992 | | | 7,102 | | | 7,140 | | | 7,464 | | | 29,698 | | | 7,992 | | | 7,102 | | | 7,140 | | | 7,464 | | | 29,698 | | | — | | | — | | | — | | | — | | | — | |
Elimination of intersegment net revenue | (183) | | | (129) | | | (138) | | | (113) | | | (563) | | | (183) | | | (129) | | | (138) | | | (113) | | | (563) | | | — | | | — | | | — | | | — | | | — | |
Total HPE consolidated net revenue | $ | 7,809 | | | $ | 6,973 | | | $ | 7,002 | | | $ | 7,351 | | | $ | 29,135 | | | $ | 7,809 | | | $ | 6,973 | | | $ | 7,002 | | | $ | 7,351 | | | $ | 29,135 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Earnings Before Taxes: (a) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Compute | $ | 675 | | | $ | 491 | | | $ | 329 | | | $ | 317 | | | $ | 1,812 | | | $ | 609 | | | $ | 420 | | | $ | 285 | | | $ | 255 | | | $ | 1,569 | | | $ | 66 | | | $ | 71 | | | $ | 44 | | | $ | 62 | | | $ | 243 | |
HPC & AI | 3 | | | (18) | | | (10) | | | 43 | | | 18 | | | 1 | | | (2) | | | (7) | | | 55 | | | 47 | | | 2 | | | (16) | | | (3) | | | (12) | | | (29) | |
Storage | — | | | — | | | — | | | — | | | — | | | 142 | | | 82 | | | 115 | | | 90 | | | 429 | | | (142) | | | (82) | | | (115) | | | (90) | | | (429) | |
Hybrid Cloud | 80 | | | 26 | | | 75 | | | 51 | | | 232 | | | — | | | — | | | — | | | — | | | — | | | 80 | | | 26 | | | 75 | | | 51 | | | 232 | |
Intelligent Edge | 227 | | | 332 | | | 402 | | | 382 | | | 1,343 | | | 247 | | | 351 | | | 420 | | | 401 | | | 1,419 | | | (20) | | | (19) | | | (18) | | | (19) | | | (76) | |
Financial Services | 63 | | | 76 | | | 72 | | | 70 | | | 281 | | | 82 | | | 84 | | | 73 | | | 78 | | | 317 | | | (19) | | | (8) | | | (1) | | | (8) | | | (36) | |
Corporate Investments and Other | (22) | | | (19) | | | (20) | | | (16) | | | (77) | | | (55) | | | (47) | | | (38) | | | (32) | | | (172) | | | 33 | | | 28 | | | 18 | | | 16 | | | 95 | |
Total segment earnings from operations | 1,026 | | | 888 | | | 848 | | | 847 | | | 3,609 | | | 1,026 | | | 888 | | | 848 | | | 847 | | | 3,609 | | | — | | | — | | | — | | | — | | | — | |
Unallocated corporate costs and eliminations | (108) | | | (89) | | | (130) | | | (137) | | | (464) | | | (108) | | | (89) | | | (130) | | | (137) | | | (464) | | | — | | | — | | | — | | | — | | | — | |
Stock-based compensation expense | (140) | | | (126) | | | (91) | | | (71) | | | (428) | | | (140) | | | (126) | | | (91) | | | (71) | | | (428) | | | — | | | — | | | — | | | — | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Amortization of intangible assets | (73) | | | (71) | | | (72) | | | (72) | | | (288) | | | (73) | | | (71) | | | (72) | | | (72) | | | (288) | | | — | | | — | | | — | | | — | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Transformation costs | (102) | | | (60) | | | (65) | | | (56) | | | (283) | | | (102) | | | (60) | | | (65) | | | (56) | | | (283) | | | — | | | — | | | — | | | — | | | — | |
Disaster (charges) recoveries | (1) | | | (3) | | | 2 | | | 14 | | | 12 | | | (1) | | | (3) | | | 2 | | | 14 | | | 12 | | | — | | | — | | | — | | | — | | | — | |
Acquisition, disposition and other related charges | (11) | | | (19) | | | (21) | | | (18) | | | (69) | | | (11) | | | (19) | | | (21) | | | (18) | | | (69) | | | — | | | — | | | — | | | — | | | — | |
Interest and other, net | (25) | | | (54) | | | (50) | | | (27) | | | (156) | | | (25) | | | (54) | | | (50) | | | (27) | | | (156) | | | — | | | — | | | — | | | — | | | — | |
Tax indemnification and other adjustments | (1) | | | 6 | | | 45 | | | 5 | | | 55 | | | (1) | | | 6 | | | 45 | | | 5 | | | 55 | | | — | | | — | | | — | | | — | | | — | |
Non-service net periodic benefit credit (cost) | — | | | 1 | | | (3) | | | (1) | | | (3) | | | — | | | 1 | | | (3) | | | (1) | | | (3) | | | — | | | — | | | — | | | — | | | — | |
Earnings from equity interests | 58 | | | 49 | | | 73 | | | 65 | | | 245 | | | 58 | | | 49 | | | 73 | | | 65 | | | 245 | | | — | | | — | | | — | | | — | | | — | |
Total HPE consolidated earnings before taxes | $ | 623 | | | $ | 522 | | | $ | 536 | | | $ | 549 | | | $ | 2,230 | | | $ | 623 | | | $ | 522 | | | $ | 536 | | | $ | 549 | | | $ | 2,230 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
FISCAL 2023 SEGMENT INFORMATION (Revised)
(Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| REVISED AMOUNTS | | AMOUNTS AS PREVIOUSLY REPORTED | | VARIANCE |
| Three months ended | | Twelve months ended | | Three months ended | | Twelve months ended | | Three months ended | | Twelve months ended |
| Jan. 31, 2023 | | Apr. 30, 2023 | | July 31, 2023 | | Oct. 31, 2023 | | Oct. 31, 2023 | | Jan. 31, 2023 | | Apr. 30, 2023 | | July 31, 2023 | | Oct. 31, 2023 | | Oct. 31, 2023 | | Jan. 31, 2023 | | Apr. 30, 2023 | | July 31, 2023 | | Oct. 31, 2023 | | Oct. 31, 2023 |
Segment Operating Margin:(a) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Compute | 19.2 | % | | 18.0 | % | | 12.7 | % | | 12.2 | % | | 15.9 | % | | 17.6 | % | | 15.2 | % | | 10.9 | % | | 9.8 | % | | 13.7 | % | | 1.6 | pts | | 2.8 | pts | | 1.8 | pts | | 2.4 | pts | | 2.2 | pts |
HPC & AI | 0.4 | % | | (3.3) | % | | (1.7) | % | | 4.4 | % | | 0.6 | % | | 0.1 | % | | (0.2) | % | | (0.8) | % | | 4.7 | % | | 1.2 | % | | 0.3 | pts | | (3.1 | pts) | | (0.9 | pts) | | (0.3 | pts) | | (0.6 | pts) |
Storage | N/A | | N/A | | N/A | | N/A | | N/A | | 12.0 | % | | 7.9 | % | | 10.7 | % | | 8.1 | % | | 9.7 | % | | N/A | | N/A | | N/A | | N/A | | N/A |
Hybrid Cloud | 5.8 | % | | 1.9 | % | | 5.4 | % | | 3.8 | % | | 4.2 | % | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A |
Intelligent Edge | 19.4 | % | | 24.7 | % | | 27.6 | % | | 27.1 | % | | 25.0 | % | | 21.9 | % | | 26.9 | % | | 29.7 | % | | 29.5 | % | | 27.3 | % | | (2.5 | pts) | | (2.2 | pts) | | (2.1 | pts) | | (2.4 | pts) | | (2.3 | pts) |
Financial Services | 7.2 | % | | 8.9 | % | | 8.2 | % | | 8.0 | % | | 8.1 | % | | 9.4 | % | | 9.8 | % | | 8.4 | % | | 8.9 | % | | 9.1 | % | | (2.2 | pts) | | (0.9 | pts) | | (0.2 | pts) | | (0.9 | pts) | | (1.0 | pts) |
Corporate Investments and Other | (9.4) | % | | (7.9) | % | | (8.1) | % | | (6.1) | % | | (7.8) | % | | (18.8) | % | | (15.9) | % | | (11.9) | % | | (9.3) | % | | (13.8) | % | | 9.4 | pts | | 8.0 | pts | | 3.8 | pts | | 3.2 | pts | | 6.0 | pts |
Total segment operating margin | 12.8 | % | | 12.5 | % | | 11.9 | % | | 11.3 | % | | 12.2 | % | | 12.8 | % | | 12.5 | % | | 11.9 | % | | 11.3 | % | | 12.2 | % | | — | pts | | — | pts | | — | pts | | — | pts | | — | pts |
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
FISCAL 2022 SEGMENT INFORMATION (Revised)
(Unaudited)
(In millions)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| REVISED AMOUNTS | | AMOUNTS AS PREVIOUSLY REPORTED | | VARIANCE |
| Three months ended | | Twelve months ended | | Three months ended | | Twelve months ended | | Three months ended | | Twelve months ended |
| Jan. 31, 2022 | | Apr. 30, 2022 | | July 31, 2022 | | Oct. 31, 2022 | | Oct. 31, 2022 | | Jan. 31, 2022 | | Apr. 30, 2022 | | July 31, 2022 | | Oct. 31, 2022 | | Oct. 31, 2022 | | Jan. 31, 2022 | | Apr. 30, 2022 | | July 31, 2022 | | Oct. 31, 2022 | | Oct. 31, 2022 |
Net Revenue: (a) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Compute | $ | 3,177 | | | $ | 3,047 | | | $ | 3,077 | | | $ | 3,845 | | | $ | 13,146 | | | $ | 3,044 | | | $ | 3,011 | | | $ | 3,027 | | | $ | 3,768 | | | $ | 12,850 | | | $ | 133 | | | $ | 36 | | | $ | 50 | | | $ | 77 | | | $ | 296 | |
HPC & AI | 563 | | | 504 | | | 627 | | | 632 | | | 2,326 | | | 790 | | | 710 | | | 830 | | | 862 | | | 3,192 | | | (227) | | | (206) | | | (203) | | | (230) | | | (866) | |
Storage | — | | | — | | | — | | | — | | | — | | | 1,128 | | | 1,072 | | | 1,129 | | | 1,274 | | | 4,603 | | | (1,128) | | | (1,072) | | | (1,129) | | | (1,274) | | | (4,603) | |
Hybrid Cloud | 1,235 | | | 1,253 | | | 1,302 | | | 1,443 | | | 5,233 | | | — | | | — | | | — | | | — | | | — | | | 1,235 | | | 1,253 | | | 1,302 | | | 1,443 | | | 5,233 | |
Intelligent Edge | 950 | | | 913 | | | 982 | | | 1,012 | | | 3,857 | | | 901 | | | 867 | | | 941 | | | 965 | | | 3,674 | | | 49 | | | 46 | | | 41 | | | 47 | | | 183 | |
Financial Services | 842 | | | 823 | | | 817 | | | 857 | | | 3,339 | | | 842 | | | 823 | | | 817 | | | 857 | | | 3,339 | | | — | | | — | | | — | | | — | | | — | |
Corporate Investments and Other | 263 | | | 270 | | | 239 | | | 240 | | | 1,012 | | | 325 | | | 327 | | | 300 | | | 303 | | | 1,255 | | | (62) | | | (57) | | | (61) | | | (63) | | | (243) | |
Total Segments | 7,030 | | | 6,810 | | | 7,044 | | | 8,029 | | | 28,913 | | | 7,030 | | | 6,810 | | | 7,044 | | | 8,029 | | | 28,913 | | | — | | | — | | | — | | | — | | | — | |
Elimination of intersegment net revenue | (69) | | | (97) | | | (93) | | | (158) | | | (417) | | | (69) | | | (97) | | | (93) | | | (158) | | | (417) | | | — | | | — | | | — | | | — | | | — | |
Total HPE consolidated net revenue | $ | 6,961 | | | $ | 6,713 | | | $ | 6,951 | | | $ | 7,871 | | | $ | 28,496 | | | $ | 6,961 | | | $ | 6,713 | | | $ | 6,951 | | | $ | 7,871 | | | $ | 28,496 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Earnings Before Taxes: (a) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Compute | $ | 487 | | | $ | 460 | | | $ | 460 | | | $ | 644 | | | $ | 2,051 | | | $ | 427 | | | $ | 426 | | | $ | 408 | | | $ | 560 | | | $ | 1,821 | | | $ | 60 | | | $ | 34 | | | $ | 52 | | | $ | 84 | | | $ | 230 | |
HPC & AI | (22) | | | (62) | | | 10 | | | (19) | | | (93) | | | (7) | | | (40) | | | 28 | | | 30 | | | 11 | | | (15) | | | (22) | | | (18) | | | (49) | | | (104) | |
Storage | — | | | — | | | — | | | — | | | — | | | 157 | | | 127 | | | 161 | | | 196 | | | 641 | | | (157) | | | (127) | | | (161) | | | (196) | | | (641) | |
Hybrid Cloud | 103 | | | 98 | | | 112 | | | 155 | | | 468 | | | — | | | — | | | — | | | — | | | — | | | 103 | | | 98 | | | 112 | | | 155 | | | 468 | |
Intelligent Edge | 153 | | | 106 | | | 156 | | | 127 | | | 542 | | | 157 | | | 109 | | | 155 | | | 128 | | | 549 | | | (4) | | | (3) | | | 1 | | | (1) | | | (7) | |
Financial Services | 99 | | | 102 | | | 97 | | | 89 | | | 387 | | | 104 | | | 104 | | | 96 | | | 95 | | | 399 | | | (5) | | | (2) | | | 1 | | | (6) | | | (12) | |
Corporate Investments and Other | 7 | | | (2) | | | (18) | | | (13) | | | (26) | | | (11) | | | (24) | | | (31) | | | (26) | | | (92) | | | 18 | | | 22 | | | 13 | | | 13 | | | 66 | |
Total segment earnings from operations | 827 | | | 702 | | | 817 | | | 983 | | | 3,329 | | | 827 | | | 702 | | | 817 | | | 983 | | | 3,329 | | | — | | | — | | | — | | | — | | | — | |
Unallocated corporate costs and eliminations | (59) | | | (75) | | | (88) | | | (81) | | | (303) | | | (59) | | | (75) | | | (88) | | | (81) | | | (303) | | | — | | | — | | | — | | | — | | | — | |
Stock-based compensation expense | (128) | | | (114) | | | (64) | | | (85) | | | (391) | | | (128) | | | (114) | | | (64) | | | (85) | | | (391) | | | — | | | — | | | — | | | — | | | — | |
Amortization of initial direct costs | (1) | | | (1) | | | (1) | | | (1) | | | (4) | | | (1) | | | (1) | | | (1) | | | (1) | | | (4) | | | — | | | — | | | — | | | — | | | — | |
Amortization of intangible assets | (73) | | | (74) | | | (73) | | | (73) | | | (293) | | | (73) | | | (74) | | | (73) | | | (73) | | | (293) | | | — | | | — | | | — | | | — | | | — | |
Impairment of goodwill | — | | | — | | | — | | | (905) | | | (905) | | | — | | | — | | | — | | | (905) | | | (905) | | | — | | | — | | | — | | | — | | | — | |
Transformation costs | (111) | | | (98) | | | (80) | | | (184) | | | (473) | | | (111) | | | (98) | | | (80) | | | (184) | | | (473) | | | — | | | — | | | — | | | — | | | — | |
Disaster recoveries (charges) | 1 | | | (125) | | | (36) | | | 1 | | | (159) | | | 1 | | | (125) | | | (36) | | | 1 | | | (159) | | | — | | | — | | | — | | | — | | | — | |
Acquisition, disposition and other related charges | (8) | | | (8) | | | (9) | | | 6 | | | (19) | | | (8) | | | (8) | | | (9) | | | 6 | | | (19) | | | — | | | — | | | — | | | — | | | — | |
Interest and other, net | (5) | | | — | | | (74) | | | (109) | | | (188) | | | (5) | | | — | | | (74) | | | (109) | | | (188) | | | — | | | — | | | — | | | — | | | — | |
Tax indemnification and other adjustments | (17) | | | — | | | (30) | | | (20) | | | (67) | | | (17) | | | — | | | (30) | | | (20) | | | (67) | | | — | | | — | | | — | | | — | | | — | |
Non-service net periodic benefit credit | 36 | | | 36 | | | 34 | | | 28 | | | 134 | | | 36 | | | 36 | | | 34 | | | 28 | | | 134 | | | — | | | — | | | — | | | — | | | — | |
Earnings from equity interests | 31 | | | 33 | | | 68 | | | 83 | | | 215 | | | 31 | | | 33 | | | 68 | | | 83 | | | 215 | | | — | | | — | | | — | | | — | | | — | |
Total HPE consolidated earnings (loss) before taxes | $ | 493 | | | $ | 276 | | | $ | 464 | | | $ | (357) | | | $ | 876 | | | $ | 493 | | | $ | 276 | | | $ | 464 | | | $ | (357) | | | $ | 876 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
FISCAL 2022 SEGMENT INFORMATION (Revised)
(Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| REVISED AMOUNTS | | AMOUNTS AS PREVIOUSLY REPORTED | | VARIANCE |
| Three months ended | | Twelve months ended | | Three months ended | | Twelve months ended | | Three months ended | | Twelve months ended |
| Jan. 31, 2022 | | Apr. 30, 2022 | | July 31, 2022 | | Oct. 31, 2022 | | Oct. 31, 2022 | | Jan. 31, 2022 | | Apr. 30, 2022 | | July 31, 2022 | | Oct. 31, 2022 | | Oct. 31, 2022 | | Jan. 31, 2022 | | Apr. 30, 2022 | | July 31, 2022 | | Oct. 31, 2022 | | Oct. 31, 2022 |
Segment Operating Margin:(a) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Compute | 15.3 | % | | 15.1 | % | | 14.9 | % | | 16.7 | % | | 15.6 | % | | 14.0 | % | | 14.1 | % | | 13.5 | % | | 14.9 | % | | 14.2 | % | | 1.3 | pts | | 1.0 | pts | | 1.4 | pts | | 1.8 | pts | | 1.4 | pts |
HPC & AI | (3.9) | % | | (12.3) | % | | 1.6 | % | | (3.0) | % | | (4.0) | % | | (0.9) | % | | (5.6) | % | | 3.4 | % | | 3.5 | % | | 0.3 | % | | (3.0 | pts) | | (6.7 | pts) | | (1.8 | pts) | | (6.5 | pts) | | (4.3 | pts) |
Storage | N/A | | N/A | | N/A | | N/A | | N/A | | 13.9 | % | | 11.8 | % | | 14.3 | % | | 15.4 | % | | 13.9 | % | | N/A | | N/A | | N/A | | N/A | | N/A |
Hybrid Cloud | 8.3 | % | | 7.8 | % | | 8.6 | % | | 10.7 | % | | 8.9 | % | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A |
Intelligent Edge | 16.1 | % | | 11.6 | % | | 15.9 | % | | 12.5 | % | | 14.1 | % | | 17.4 | % | | 12.6 | % | | 16.5 | % | | 13.3 | % | | 14.9 | % | | (1.3 | pts) | | (1.0 | pts) | | (0.6 | pts) | | (0.8 | pts) | | (0.8 | pts) |
Financial Services | 11.8 | % | | 12.4 | % | | 11.9 | % | | 10.4 | % | | 11.6 | % | | 12.4 | % | | 12.6 | % | | 11.8 | % | | 11.1 | % | | 11.9 | % | | (0.6 | pts) | | (0.2 | pts) | | 0.1 | pts | | (0.7 | pts) | | (0.3 | pts) |
Corporate Investments and Other | 2.7 | % | | (0.7) | % | | (7.5) | % | | (5.4) | % | | (2.6) | % | | (3.4) | % | | (7.3) | % | | (10.3) | % | | (8.6) | % | | (7.3) | % | | 6.1 | pts | | 6.6 | pts | | 2.8 | pts | | 3.2 | pts | | 4.7 | pts |
Total segment operating margin | 11.8 | % | | 10.3 | % | | 11.6 | % | | 12.2 | % | | 11.5 | % | | 11.8 | % | | 10.3 | % | | 11.6 | % | | 12.2 | % | | 11.5 | % | | — | pts | | — | pts | | — | pts | | — | pts | | — | pts |
(a) Effective at the beginning of the first quarter of fiscal 2024, in order to align its segment financial reporting more closely with its current business structure, Hewlett Packard Enterprise Company ("HPE") implemented an organizational change with the (i) creation of a new Hybrid Cloud business segment (which consists of the previous Storage business segment, HPE GreenLake for Compute that provides flexible compute as-a-Service IT infrastructure on a consumption basis, private cloud product and service solutions, and the HPE Software business), (ii) transfer of certain products and services, previously reported in the High Performance Computing & Artificial Intelligence segment, to the Compute and Hybrid Cloud segments, and (iii) transfer of the recently acquired Athonet business and certain components of our Communications and Media Solutions business, previously reported in Corporate Investments and Other, to the Intelligent Edge segment.
HPE reflected these changes to its segment information retrospectively to the fiscal 2023 and 2022 financial results, which primarily resulted in the realignment of net revenue and operating profit for each of the segments as described above. These changes had no impact on Hewlett Packard Enterprise’s previously reported consolidated net revenue, net earnings, net earnings per share or total assets.