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 | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 3,456 | | | $ | 2,761 | | | $ | 2,624 | | | $ | 2,595 | | | $ | 11,436 | | | $ | (3,456) | | | $ | (2,761) | | | $ | (2,624) | | | $ | (2,595) | | | $ | (11,436) | |
| HPC & AI | — | | | — | | | — | | | — | | | — | | | 1,056 | | | 840 | | | 836 | | | 1,181 | | | 3,913 | | | (1,056) | | | (840) | | | (836) | | | (1,181) | | | (3,913) | |
| Server | 4,332 | | | 3,287 | | | 3,168 | | | 3,574 | | | 14,361 | | | — | | | — | | | — | | | — | | | — | | | 4,332 | | | 3,287 | | | 3,168 | | | 3,574 | | | 14,361 | |
| 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 | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 609 | | | $ | 420 | | | $ | 285 | | | $ | 255 | | | $ | 1,569 | | | $ | (609) | | | $ | (420) | | | $ | (285) | | | $ | (255) | | | $ | (1,569) | |
| HPC & AI | — | | | — | | | — | | | — | | | — | | | 1 | | | (2) | | | (7) | | | 55 | | | 47 | | | (1) | | | 2 | | | 7 | | | (55) | | | (47) | |
| Server | 678 | | | 473 | | | 319 | | | 360 | | | 1,830 | | | — | | | — | | | — | | | — | | | — | | | 678 | | | 473 | | | 319 | | | 360 | | | 1,830 | |
| 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 | N/A | | N/A | | N/A | | N/A | | N/A | | 17.6 | % | | 15.2 | % | | 10.9 | % | | 9.8 | % | | 13.7 | % | | N/A | | N/A | | N/A | | N/A | | N/A |
| HPC & AI | N/A | | N/A | | N/A | | N/A | | N/A | | 0.1 | % | | (0.2) | % | | (0.8) | % | | 4.7 | % | | 1.2 | % | | N/A | | N/A | | N/A | | N/A | | N/A |
| Server | 15.7 | % | | 14.4 | % | | 10.1 | % | | 10.1 | % | | 12.7 | % | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A |
| 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 | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 3,044 | | | $ | 3,011 | | | $ | 3,027 | | | $ | 3,768 | | | $ | 12,850 | | | $ | (3,044) | | | $ | (3,011) | | | $ | (3,027) | | | $ | (3,768) | | | $ | (12,850) | |
| HPC & AI | — | | | — | | | — | | | — | | | — | | | 790 | | | 710 | | | 830 | | | 862 | | | 3,192 | | | (790) | | | (710) | | | (830) | | | (862) | | | (3,192) | |
| Server | 3,740 | | | 3,551 | | | 3,704 | | | 4,477 | | | 15,472 | | | — | | | — | | | — | | | — | | | — | | | 3,740 | | | 3,551 | | | 3,704 | | | 4,477 | | | 15,472 | |
| 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 | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 427 | | | $ | 426 | | | $ | 408 | | | $ | 560 | | | $ | 1,821 | | | $ | (427) | | | $ | (426) | | | $ | (408) | | | $ | (560) | | | $ | (1,821) | |
| HPC & AI | — | | | — | | | — | | | — | | | — | | | (7) | | | (40) | | | 28 | | | 30 | | | 11 | | | 7 | | | 40 | | | (28) | | | (30) | | | (11) | |
| Server | 465 | | | 398 | | | 470 | | | 625 | | | 1,958 | | | — | | | — | | | — | | | — | | | — | | | 465 | | | 398 | | | 470 | | | 625 | | | 1,958 | |
| 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 | N/A | | N/A | | N/A | | N/A | | N/A | | 14.0 | % | | 14.1 | % | | 13.5 | % | | 14.9 | % | | 14.2 | % | | N/A | | N/A | | N/A | | N/A | | N/A |
| HPC & AI | N/A | | N/A | | N/A | | N/A | | N/A | | (0.9) | % | | (5.6) | % | | 3.4 | % | | 3.5 | % | | 0.3 | % | | N/A | | N/A | | N/A | | N/A | | N/A |
| Server | 12.4 | % | | 11.2 | % | | 12.7 | % | | 14.0 | % | | 12.7 | % | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A | | N/A |
| 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) As previously disclosed, effective as of the beginning of the first quarter of fiscal 2024, in order to align the segment financial reporting more closely with its business structure, the Company established a new reportable segment, Hybrid Cloud, which includes the historical Storage segment, HPE GreenLake Flex Solutions (which provides flexible as-a-service IT infrastructure through the HPE GreenLake edge-to-cloud platform and was previously reported under the Compute and the High Performance Computing & Artificial Intelligence ("HPC & AI") segments), Private Cloud, and Software (previously reported under the Corporate Investments and Other segment). Additionally, certain products and services previously reported in the financial results for the HPC & AI segment were moved to be reported in the Compute and Hybrid Cloud segments, and the Athonet business and certain components of the Communications and Media Solutions business previously reported in the financial results for Corporate Investments and Other moved to be reported in the Intelligent Edge segment.
Upon further evaluation and re-examination of the organizational and leadership changes that took place during the first quarter of fiscal 2024, the Company's Chief Operating Decision Maker, who is the Chief Executive Officer, concluded that it was further appropriate to combine the Compute and HPC & AI segments, as described above, into a newly established reportable segment, the Server segment.
As a result, the Company’s new organizational structure consists of the following segments: (i) Server; (ii) Hybrid Cloud; (iii) Intelligent Edge; (iv) Financial Services; and (v) Corporate Investments and Other. The Company will report under this re-aligned segment structure beginning with the results of the first quarter of fiscal 2024.
The Company has 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.
