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.