Hewlett Packard Enterprise Company
Hewlett Packard Enterprise Realigns Segment Structure
Summary
Hewlett Packard Enterprise (HPE) has announced a realignment of its segment structure to better align with its business operations. The company has established a new Server segment by combining the Compute and High Performance Computing & Artificial Intelligence segments. Additionally, the Historical Storage segment, HPE GreenLake Flex Solutions, Private Cloud, and Software have been consolidated into a new Hybrid Cloud segment. This realignment, effective from the first quarter of fiscal 2024, has been applied retrospectively to the fiscal 2023 and 2022 financial results, impacting segment net revenue and operating profit reporting but not affecting consolidated financials. Detailed financial impacts are provided in the accompanying Exhibit 99.1.
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Exhibits (1)
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About Hewlett Packard Enterprise Company
Hewlett Packard Enterprise Company is a global technology leader specializing in enterprise computing solutions. The company primarily focuses on providing cutting-edge technology solutions that enable businesses to transform their IT environments. Their comprehensive portfolio includes servers, storage, networking equipment, and robust solutions for hybrid IT, edge-to-cloud computing, and data analytics. Serving diverse sectors such as telecommunications, finance, healthcare, and education, Hewlett Packard Enterprise aims to facilitate digital transformation by enhancing operational efficiency and accelerating innovation. In the financial market, Hewlett Packard Enterprise holds a significant position as it provides essential infrastructure solutions that empower organizations to manage and extract insights from vast amounts of data, thus playing a pivotal role in the digital economy. Founded in 2015 as a spin-off from Hewlett-Packard, the company is headquartered in Houston, Texas, and continues to evolve with the ever-changing technological landscape by driving advancements in areas like artificial intelligence, cloud services, and intelligent edge solutions. Its impact is seen in its ability to equip businesses globally with the tools required to navigate and succeed in a data-driven world.
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