HPE Q1 FY2019 Performance

Hewlett Packard Enterprises (HPE) Q1 2019 prformance summary.

Key Highlights (Amounts in millions)

 Q1 2019Q1 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 2019Q1 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.