# EDGAR Filing Document

**Accession Number:** 0001645590
**File Stem:** 0001645590-23-000011
**Filing Date:** 2023-2
**Character Count:** 26417
**Document Hash:** ce31739b7a5e0194582187b5a49cf740
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001645590-23-000011.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001645590-23-000011

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230209

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hewlett Packard Enterprise Co
- **CENTRAL INDEX KEY:** 0001645590
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045]
- **IRS NUMBER:** 473298624
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37483
- **FILM NUMBER:** 23606834

**BUSINESS ADDRESS:**
- **STREET 1:** 1701 E MOSSY OAKS ROAD
- **CITY:** SPRING
- **STATE:** TX
- **ZIP:** 77389
- **BUSINESS PHONE:** 678-259-9860

**MAIL ADDRESS:**
- **STREET 1:** 1701 E MOSSY OAKS ROAD
- **CITY:** SPRING
- **STATE:** TX
- **ZIP:** 77389

?xml version="1.0" ? hpe-20230209

---

| | | | |
|:---|:---|:---|:---|
| **UNITED STATES**<br>**SECURITIES AND EXCHANGE COMMISSION**<br>**WASHINGTON, D.C. 20549** | **UNITED STATES**<br>**SECURITIES AND EXCHANGE COMMISSION**<br>**WASHINGTON, D.C. 20549** | **UNITED STATES**<br>**SECURITIES AND EXCHANGE COMMISSION**<br>**WASHINGTON, D.C. 20549** | **UNITED STATES**<br>**SECURITIES AND EXCHANGE COMMISSION**<br>**WASHINGTON, D.C. 20549** |
| | **FORM** | **8-K** | |
| **CURRENT REPORT** | **CURRENT REPORT** | **CURRENT REPORT** | **CURRENT REPORT** |
| **PURSUANT TO SECTION 13 OR 15(d) OF<br>THE SECURITIES EXCHANGE ACT OF 1934** | **PURSUANT TO SECTION 13 OR 15(d) OF<br>THE SECURITIES EXCHANGE ACT OF 1934** | **PURSUANT TO SECTION 13 OR 15(d) OF<br>THE SECURITIES EXCHANGE ACT OF 1934** | **PURSUANT TO SECTION 13 OR 15(d) OF<br>THE SECURITIES EXCHANGE ACT OF 1934** |
| **February 9, 2023** | **February 9, 2023** | **February 9, 2023** | **February 9, 2023** |
| Date of Report (Date of Earliest Event Reported) | Date of Report (Date of Earliest Event Reported) | Date of Report (Date of Earliest Event Reported) | Date of Report (Date of Earliest Event Reported) |
| **HEWLETT PACKARD ENTERPRISE COMPANY** | **HEWLETT PACKARD ENTERPRISE COMPANY** | **HEWLETT PACKARD ENTERPRISE COMPANY** | **HEWLETT PACKARD ENTERPRISE COMPANY** |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
| **Delaware** | **001-37483** | **001-37483** | **47-3298624** |
| (State or other jurisdiction<br>of incorporation) | (Commission File Number) | (Commission File Number) | (I.R.S. Employer<br>Identification No.) |

---

---

| | | | |
|:---|:---|:---|:---|
| **1701 East Mossy Oaks Road,** | **Spring,** | **Texas** | **77389** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Zip code) |

---

---

| | |
|:---|:---|
| **(678)** | **259-9860** |
| (Registrant's telephone number, including area code) | (Registrant's telephone number, including area code) |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

------

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| | | |
|:---|:---|:---|
| Securities registered pursuant to Section 12(b) of the Exchange Act: | Securities registered pursuant to Section 12(b) of the Exchange Act: | Securities registered pursuant to Section 12(b) of the Exchange Act: |
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common stock, par value $0.01 per share | HPE | NYSE |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

------

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.** |
| *The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.* | *The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.* |

---

Effective at the beginning of the first quarter of fiscal 2023, in order to align its segment financial reporting more closely with its current business structure, Hewlett Packard Enterprise Company ("HPE") implemented an organizational change with the transfer of certain storage networking products, previously reported within the Storage reportable segment, to the Compute reportable segment.

HPE reflected these changes to its segment information retrospectively to the fiscal 2021 and 2022 financial results, which primarily resulted in the realignment of net revenue and operating profit for each of the segments as described above. These changes had no impact on Hewlett Packard Enterprise's previously reported consolidated net revenue, net earnings, net earnings per share ("EPS") or total assets.

HPE has released revised quarterly and full year segment results for fiscal 2021 and 2022, which are attached hereto Exhibit 99.1 and are incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |
|  | (d) *Exhibits.* |
| **Exhibit Number** | **Description** |
| <u>[Exhibit 99.1](ex-991x02092023x8k.htm)</u> | <u>[Hewlett Packard Enterprise Company's revised segment financial results](ex-991x02092023x8k.htm)[for fiscal 20](ex-991x02092023x8k.htm)[21](ex-991x02092023x8k.htm)[and 20](ex-991x02092023x8k.htm)[22](ex-991x02092023x8k.htm)[(furnished herewith).](ex-991x02092023x8k.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

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| | | |
|:---|:---|:---|
| **SIGNATURE** | **SIGNATURE** | **SIGNATURE** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. |
|  | HEWLETT PACKARD ENTERPRISE COMPANY | HEWLETT PACKARD ENTERPRISE COMPANY |
| DATE: February 9, 2023 | By: | /s/ Rishi Varma |
|  | Name: | Rishi Varma |
|  | Title: | Senior Vice President, General Counsel <br>and Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

FISCAL 2022 SEGMENT INFORMATION (Revised)

(Unaudited)

(In millions)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** |
| | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** |
| | **Jan. 31, 2022** | **Apr. 30, 2022** | **July 31, 2022** | **Oct. 31, 2022** | **Oct. 31, 2022** | **Jan. 31, 2022** | **Apr. 30, 2022** | **July 31, 2023** | **Oct. 31, 2022** | **Oct. 31, 2022** | **Jan. 31, 2022** | **Apr. 30, 2022** | **July 31, 2023** | **Oct. 31, 2022** | **Oct. 31, 2022** |
| Net revenue: <sup>(a)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compute | $3044 | $3011 | $3027 | $3768 | $12850 | $3016 | $2985 | $3004 | $3737 | $12742 | $28 | $26 | $23 | $31 | $108 |
| &nbsp;&nbsp;&nbsp;&nbsp;HPC & MCS | 790 | 710 | 830 | 862 | 3192 | 790 | 710 | 830 | 862 | 3192 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Storage | 1128 | 1072 | 1129 | 1274 | 4603 | 1156 | 1098 | 1152 | 1305 | 4711 | (28) | (26) | (23) | (31) | (108) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intelligent Edge | 901 | 867 | 941 | 965 | 3674 | 901 | 867 | 941 | 965 | 3674 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Services | 842 | 823 | 817 | 857 | 3339 | 842 | 823 | 817 | 857 | 3339 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Investments and Other | 325 | 327 | 300 | 303 | 1255 | 325 | 327 | 300 | 303 | 1255 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total segments | 7030 | 6810 | 7044 | 8029 | 28913 | 7030 | 6810 | 7044 | 8029 | 28913 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Elimination of intersegment net revenue | (69) | (97) | (93) | (158) | (417) | (69) | (97) | (93) | (158) | (417) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total HPE consolidated net revenue | $6961 | $6713 | $6951 | $7871 | $28496 | $6961 | $6713 | $6951 | $7871 | $28496 | $— | $— | $— | $— | $— |
| Earnings before taxes: <sup>(a)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compute | $427 | $426 | $408 | $560 | $1821 | $416 | $415 | $400 | $549 | $1780 | $11 | $11 | $8 | $11 | $41 |
| &nbsp;&nbsp;&nbsp;&nbsp;HPC & MCS | (7) | (40) | 28 | 30 | 11 | (7) | (40) | 28 | 30 | 11 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Storage | 157 | 127 | 161 | 196 | 641 | 168 | 138 | 169 | 207 | 682 | (11) | (11) | (8) | (11) | (41) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intelligent Edge | 157 | 109 | 155 | 128 | 549 | 157 | 109 | 155 | 128 | 549 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Services | 104 | 104 | 96 | 95 | 399 | 104 | 104 | 96 | 95 | 399 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Investments and Other | (11) | (24) | (31) | (26) | (92) | (11) | (24) | (31) | (26) | (92) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total segment earnings from operations | 827 | 702 | 817 | 983 | 3329 | 827 | 702 | 817 | 983 | 3329 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unallocated corporate costs and eliminations | (59) | (75) | (88) | (81) | (303) | (59) | (75) | (88) | (81) | (303) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | (128) | (114) | (64) | (85) | (391) | (128) | (114) | (64) | (85) | (391) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of initial direct cost | (1) | (1) | (1) | (1) | (4) | (1) | (1) | (1) | (1) | (4) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangible assets | (73) | (74) | (73) | (73) | (293) | (73) | (74) | (73) | (73) | (293) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impairment of goodwill |  |  |  | (905) | (905) |  |  |  | (905) | (905) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transformation costs | (111) | (98) | (80) | (184) | (473) | (111) | (98) | (80) | (184) | (473) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Disaster recoveries (charges) | 1 | (125) | (36) | 1 | (159) | 1 | (125) | (36) | 1 | (159) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition, disposition and other related charges | (8) | (8) | (9) | 6 | (19) | (8) | (8) | (9) | 6 | (19) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest and other, net | (5) |  | (74) | (109) | (188) | (5) |  | (74) | (109) | (188) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax indemnification adjustments | (17) |  | (30) | (20) | (67) | (17) |  | (30) | (20) | (67) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-service net periodic benefit credit | 36 | 36 | 34 | 28 | 134 | 36 | 36 | 34 | 28 | 134 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Earnings from equity interests | 31 | 33 | 68 | 83 | 215 | 31 | 33 | 68 | 83 | 215 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total HPE consolidated earnings (loss) before taxes | $493 | $276 | $464 | $(357) | $876 | $493 | $276 | $464 | $(357) | $876 | $— | $— | $— | $— | $— |

---

------

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

FISCAL 2022 SEGMENT INFORMATION (Revised)

(Unaudited)

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** |
| | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Twelve months ended** |
| | **Jan. 31, 2022** | **Apr. 30, 2022** | **July 31, 2022** | **Oct. 31, 2022** | **Oct. 31, 2022** | **Jan. 31, 2022** | **Apr. 30, 2022** | **July 31, 2023** | **Oct. 31, 2022** | **Oct. 31, 2022** | **Jan. 31, 2022** | **Jan. 31, 2022** | **Apr. 30, 2022** | **Apr. 30, 2022** | **July 31, 2023** | **July 31, 2023** | **Oct. 31, 2022** | **Oct. 31, 2022** | **Oct. 31, 2022** | **Oct. 31, 2022** |
| Segment operating margin:<sup>(a)</sup>  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compute | 14.0% | 14.1% | 13.5% | 14.9% | 14.2% | 13.8% | 13.9% | 13.3% | 14.7% | 14.0% | 0.2 | pts | 0.2 | pts | 0.2 | pts | 0.2 | pts | 0.2 | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;HPC & MCS | (0.9)% | (5.6)% | 3.4% | 3.5% | 0.3% | (0.9)% | (5.6)% | 3.4% | 3.5% | 0.3% |  | pts |  | pts |  | pts |  | pts |  | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;Storage | 13.9% | 11.8% | 14.3% | 15.4% | 13.9% | 14.5% | 12.6% | 14.7% | 15.9% | 14.5% | (0.6 | pts) | (0.8 | pts) | (0.4 | pts) | (0.5 | pts) | (0.6 | pts) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intelligent Edge | 17.4% | 12.6% | 16.5% | 13.3% | 14.9% | 17.4% | 12.6% | 16.5% | 13.3% | 14.9% |  | pts |  | pts |  | pts |  | pts |  | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Services | 12.4% | 12.6% | 11.8% | 11.1% | 11.9% | 12.4% | 12.6% | 11.8% | 11.1% | 11.9% |  | pts |  | pts |  | pts |  | pts |  | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Investments and Other | (3.4)% | (7.3)% | (10.3)% | (8.6)% | (7.3)% | (3.4)% | (7.3)% | (10.3)% | (8.6)% | (7.3)% |  | pts |  | pts |  | pts |  | pts |  | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total segment operating margin | 11.8% | 10.3% | 11.6% | 12.2% | 11.5% | 11.8% | 10.3% | 11.6% | 12.2% | 11.5% |  | pts |  | pts |  | pts |  | pts |  | pts |

---

------

HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

FISCAL 2021 SEGMENT INFORMATION (Revised)

(Unaudited)

(In millions)

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** |
| | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** |
| | **Jan. 31, 2021** | **Apr. 30, 2021** | **July 31, 2021** | **Oct. 31, 2021** | **Oct. 31, 2021** | **Jan. 31, 2021** | **Apr. 30, 2021** | **July 31, 2021** | **Oct. 31, 2021** | **Oct. 31, 2021** | **Jan. 31, 2021** | **Apr. 30, 2021** | **July 31, 2021** | **Oct. 31, 2021** | **Oct. 31, 2021** |
| Net revenue: <sup>(a)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compute | $3018 | $3004 | $3133 | $3254 | $12409 | $2984 | $2974 | $3102 | $3224 | $12284 | $34 | $30 | $31 | $30 | $125 |
| &nbsp;&nbsp;&nbsp;&nbsp;HPC & MCS | 761 | 684 | 740 | 999 | 3184 | 761 | 684 | 740 | 999 | 3184 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Storage | 1158 | 1106 | 1144 | 1227 | 4635 | 1192 | 1136 | 1175 | 1257 | 4760 | (34) | (30) | (31) | (30) | (125) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intelligent Edge | 810 | 803 | 871 | 818 | 3302 | 810 | 803 | 871 | 818 | 3302 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Services | 860 | 839 | 844 | 858 | 3401 | 860 | 839 | 844 | 858 | 3401 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Investments and Other | 321 | 350 | 332 | 353 | 1356 | 321 | 350 | 332 | 353 | 1356 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Segments | 6928 | 6786 | 7064 | 7509 | 28287 | 6928 | 6786 | 7064 | 7509 | 28287 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Elimination of intersegment net revenue | (95) | (86) | (167) | (155) | (503) | (95) | (86) | (167) | (155) | (503) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total HPE consolidated net revenue | $6833 | $6700 | $6897 | $7354 | $27784 | $6833 | $6700 | $6897 | $7354 | $27784 | $— | $— | $— | $— | $— |
| Earnings before taxes: <sup>(a)</sup>  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compute | $358 | $348 | $361 | $315 | $1382 | $341 | $334 | $346 | $302 | $1323 | $17 | $14 | $15 | $13 | $59 |
| &nbsp;&nbsp;&nbsp;&nbsp;HPC & MCS | 43 | 18 | 28 | 142 | 231 | 43 | 18 | 28 | 142 | 231 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Storage | 217 | 177 | 162 | 160 | 716 | 234 | 191 | 177 | 173 | 775 | (17) | (14) | (15) | (13) | (59) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intelligent Edge | 154 | 126 | 140 | 89 | 509 | 154 | 126 | 140 | 89 | 509 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Services | 84 | 91 | 94 | 121 | 390 | 84 | 91 | 94 | 121 | 390 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Investments and Other | (31) | (25) | (28) | (11) | (95) | (31) | (25) | (28) | (11) | (95) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total segment earnings from operations | 825 | 735 | 757 | 816 | 3133 | 825 | 735 | 757 | 816 | 3133 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unallocated corporate costs and eliminations | (52) | (50) | (84) | (99) | (285) | (52) | (50) | (84) | (99) | (285) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | (110) | (98) | (86) | (78) | (372) | (110) | (98) | (86) | (78) | (372) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of initial direct costs | (2) | (2) | (2) | (2) | (8) | (2) | (2) | (2) | (2) | (8) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangible assets | (110) | (84) | (82) | (78) | (354) | (110) | (84) | (82) | (78) | (354) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transformation costs | (311) | (209) | (213) | (197) | (930) | (311) | (209) | (213) | (197) | (930) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Disaster charges |  | (1) | (5) | (10) | (16) |  | (1) | (5) | (10) | (16) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition, disposition and other related charges | (18) | (13) | (3) | (2) | (36) | (18) | (13) | (3) | (2) | (36) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest and other, net | (44) | (11) | (50) | (6) | (111) | (44) | (11) | (50) | (6) | (111) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax indemnification adjustments | (16) |  | 76 | 5 | 65 | (16) |  | 76 | 5 | 65 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-service net periodic benefit credit | 17 | 17 | 19 | 17 | 70 | 17 | 17 | 19 | 17 | 70 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Litigation judgment |  |  |  | 2351 | 2351 |  |  |  | 2351 | 2351 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Early debt redemption costs |  |  |  | (100) | (100) |  |  |  | (100) | (100) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Earnings from equity interests | 26 | 4 | 79 | 71 | 180 | 26 | 4 | 79 | 71 | 180 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total HPE consolidated earnings before taxes | $205 | $288 | $406 | $2688 | $3587 | $205 | $288 | $406 | $2688 | $3587 | $— | $— | $— | $— | $— |

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HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES

FISCAL 2021 SEGMENT INFORMATION (Revised)

(Unaudited)

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| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **REVISED AMOUNTS** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **AMOUNTS AS PREVIOUSLY REPORTED** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** | **VARIANCE** |
| | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Three months ended** | **Twelve months ended** | **Twelve months ended** |
| | **Jan. 31, 2021** | **Apr. 30, 2021** | **July 31, 2021** | **Oct. 31, 2021** | **Oct. 31, 2021** | **Jan. 31, 2021** | **Apr. 30, 2021** | **July 31, 2021** | **Oct. 31, 2021** | **Oct. 31, 2021** | **Jan. 31, 2021** | **Jan. 31, 2021** | **Apr. 30, 2021** | **Apr. 30, 2021** | **July 31, 2021** | **July 31, 2021** | **Oct. 31, 2021** | **Oct. 31, 2021** | **Oct. 31, 2021** | **Oct. 31, 2021** |
| Segment operating margin:<sup>(a)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Compute | 11.9% | 11.6% | 11.5% | 9.7% | 11.1% | 11.4% | 11.2% | 11.2% | 9.4% | 10.8% | 0.5 | pts | 0.4 | pts | 0.3 | pts | 0.3 | pts | 0.3 | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;HPC & MCS | 5.7% | 2.6% | 3.8% | 14.2% | 7.3% | 5.7% | 2.6% | 3.8% | 14.2% | 7.3% |  | pts |  | pts |  | pts |  | pts |  | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;Storage | 18.7% | 16.0% | 14.2% | 13.0% | 15.4% | 19.6% | 16.8% | 15.1% | 13.8% | 16.3% | (0.9 | pts) | (0.8 | pts) | (0.9 | pts) | (0.8 | pts) | (0.9 | pts) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intelligent Edge | 19.0% | 15.7% | 16.1% | 10.9% | 15.4% | 19.0% | 15.7% | 16.1% | 10.9% | 15.4% |  | pts |  | pts |  | pts |  | pts |  | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Services | 9.8% | 10.8% | 11.1% | 14.1% | 11.5% | 9.8% | 10.8% | 11.1% | 14.1% | 11.5% |  | pts |  | pts |  | pts |  | pts |  | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Investments and Other | (9.7)% | (7.1)% | (8.4)% | (3.1)% | (7.0)% | (9.7)% | (7.1)% | (8.4)% | (3.1)% | (7.0)% |  | pts |  | pts |  | pts |  | pts |  | pts |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total segment operating margin | 11.9% | 10.8% | 10.7% | 10.9% | 11.1% | 11.9% | 10.8% | 10.7% | 10.9% | 11.1% |  | pts |  | pts |  | pts |  | pts |  | pts |

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(a) Effective at the beginning of the first quarter of fiscal 2023, in order to align its segment financial reporting more closely with its current business structure, the Company implemented an organizational change with the transfer of certain storage networking products, previously reported within the Storage reportable segment, to the Compute reportable segment.

The Company reflected these changes to its segment information retrospectively to the fiscal 2021 and 2022 financial results, which primarily resulted in the realignment of net revenue and operating profit for each of the segments as described above. These changes had no impact on Hewlett Packard Enterprise's previously reported consolidated net revenue, net earnings, net earnings per share ("EPS") or total assets.

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