HPE Q1 FY2019 Performance
Hewlett Packard Enterprises (HPE) Q1 2019 prformance summary.
Key Highlights (Amounts in millions)
Q1 2019 | Q1 2018 | |
Net Revenues | $ 7,553 | $ 7,674 |
Net earnings | $ 177 | $ 1,436 |
R&D expenses | $466 | $389 |
Selling, general and administrative | $1,211 | $1,218 |
Cost of sales | $5,207 | $5,505 |
Total costs and expenses | $7,097 | $7,446 |
- Net Revneues of Hewlett Packard Enterprises came down to $ 7,553 million in 2018 from $ 7,674 million in 2017.
- Net earnings were down to $ 177 million in 2018 from $1,436 million last year.
- Research and development expenses of HPE increased to $466 million in 2018 from $389 million last year.
- S, G & A expenses remained nearly flat at $1,211 million.
- Cost of sales declined to $5,207 million in 2018 from $5,505 million last year.
- Total costs and expenses were down to $7,097 million in 2018 from $7,446 millon last year.
Segmentwise net revenues (Amounts in millions)
Q1 2019 | Q1 2018 | |
Hybrid IT | $ 5,970 | $ 6,158 |
Intelligent Edge | $686 | $656 |
Financial Services | $919 | $888 |
Corporate Investments | $118 | $136 |
Total segment net revenue | $7,693 | $7,838 |
Elimination of intersegment net revenue and other | (140) | (164) |
Total Hewlett Packard Enterprise consolidated net revenue | $ 7,553 | $ 7,674 |
- HPE's business is divided into four segments that include - Hybrid IT, Intelligent edge, Financial services and Corporate investments.
- Hybrid IT is the largest of all HPE's business segments accountign for more than 75% of the company's net revenues.
- HPE's revenues from Hybrid IT was down to $ 5,970 million in 2018 from $ 6,158 million in 2017.
- Intelligent edge revenues of HPE increased by 30 millions to $686 million in 2018 from $656 million in 2017.
- HPE revenues from the financial services also went up by around 31 milion to $919 million in 2018 from $888 million in 2017.
- HPE revenues from corporate investments came down to $118 million in 2018 from $136 million in 2017.
- Total Hewlett Packard Enterprise consolidated net revenue declined to $7,553 million in 2018 from $ 7,674 million last year.