Name: Hewlett Packard Enterprise Co. (NYSE:HPE) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

Hewlett Packard Enterprise Co., income statement, revenues

US$ in millions

12 months ended:	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Compute	11,129)	12,519)	12,041)	11,905)	13,332)	—)
High Performance Computing & Artificial Intelligence (HPC & AI)	3,775)	3,078)	3,041)	3,014)	2,861)	—)
Storage	4,329)	4,654)	4,681)	4,592)	5,183)	—)
Intelligent Edge	5,186)	3,665)	3,277)	2,838)	2,901)	—)
Financial Services (FS)	3,466)	3,326)	3,388)	3,340)	3,573)	—)
Corporate Investments and Other	1,250)	1,254)	1,356)	1,293)	1,285)	—)
Net revenue	29,135)	28,496)	27,784)	26,982)	29,135)	—)

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

Overall Net Revenue: Net revenue showed some fluctuation over the period, starting at 29,135 million US dollars in 2018, decreasing to a low of 26,982 million in 2019, then gradually recovering to 29,135 million again in 2023. This indicates a resilience with a return to the initial level after initial decline and some variability.
Compute Segment: The Compute segment revenue demonstrates a declining trend. From 13,332 million US dollars in 2019, it decreased steadily to 11,129 million by 2023. The revenue dropped by approximately 16.5% over this five-year span, indicating a contraction or shift in this business area.
High Performance Computing & Artificial Intelligence (HPC & AI): This segment showed consistent growth over the years, increasing from 2,861 million in 2019 to 3,775 million in 2023. The growth rate accelerated notably in the last year, suggesting increasing demand or strategic focus on HPC & AI activities.
Storage: Storage revenue declined gradually from 5,183 million in 2019 to 4,329 million in 2023. This represents a reduction of nearly 16.5%, paralleling the decline seen in the Compute segment, pointing potentially to reduced market demand or competitive pressures in storage solutions.
Intelligent Edge: The Intelligent Edge segment experienced substantial growth, rising from 2,901 million in 2019 to 5,186 million in 2023. This segment more than doubled revenue during this period, marking it as a significant growth driver and reflecting a strong upward trend in this category.
Financial Services (FS): Financial Services revenues experienced minor fluctuations but remained relatively stable, starting at 3,573 million in 2019 and slightly decreasing to 3,466 million in 2023. This indicates a mature business area with limited growth or decline over the period.
Corporate Investments and Other: This category showed slight variability but remained essentially flat, with revenues moving within a narrow range between 1,285 million and 1,250 million from 2019 to 2023. This consistency suggests limited impact on overall revenue from this segment.

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