Hewlett Packard Enterprise Reports Fiscal 2015 Q4 Segment Results and Reaffirms Fiscal 2016 Outlook

PALO ALTO, CA--(Marketwired - Nov 24, 2015) - Hewlett Packard Enterprise (NYSE: HPE)

• Delivers second consecutive quarter of Hewlett Packard Enterprise segment revenue growth in constant currency in fiscal 2015 fourth quarter
• Reaffirms 2016 Full Year Outlook of $1.85 - $1.95 in non-GAAP diluted net earnings per share

Hewlett Packard Enterprise (NYSE: HPE) today provided an update on its fiscal 2015 fourth quarter segment results, reaffirmed its fiscal 2016 outlook and provided its outlook for the fiscal 2016 first quarter. 

"Hewlett Packard Enterprise is off to a very strong start," said Meg Whitman, president and chief executive officer, Hewlett Packard Enterprise. "The new company's business segments delivered a second consecutive quarter of constant currency revenue growth in Q4, and we believe that momentum will accelerate into FY16."

Fiscal 2015 Fourth Quarter Hewlett Packard Enterprise Segment Results

During the fiscal 2015 fourth quarter, Hewlett Packard Enterprise operated as part of Hewlett-Packard Company, and its results were consolidated within Hewlett-Packard Company results. Full Hewlett-Packard Company fourth quarter financial results can be found at HP.com by clicking on "Investor relations".

In the fiscal 2015 fourth quarter, total revenue from Hewlett Packard Enterprise segments was $14.1 billion, down 4% year over year, or up 3% in constant currency. This is the second consecutive quarter of year over year, constant currency revenue growth for the Hewlett Packard Enterprise segments. 

Business segment results are as follows:

• Enterprise Group revenue was $7.4 billion, up 2% year over year, up 9% in constant currency, with a 14.0% operating margin. Industry Standard Servers revenue was up 5%, up 13% in constant currency, Storage revenue was down 7%, flat in constant currency, Business Critical Systems revenue was down 8%, down 2% in constant currency, Networking revenue was up 35%, up 43% in constant currency, and Technology Services revenue was down 11%, down 4% in constant currency. 
• Enterprise Services revenue was $5.0 billion, down 9% year over year, down 2% in constant currency, with an 8.2% operating margin. Infrastructure Technology Outsourcing revenue was down 11%, down 4% in constant currency, and Application and Business Services revenue was down 5%, up 1% in constant currency.
• Software revenue was $958 million, down 7% year over year, down 2% in constant currency, with a 30.1% operating margin. License revenue was down 6%, down 2% in constant currency, support revenue was down 9%, down 4% in constant currency, professional services revenue was down 3%, up 4% in constant currency, and software-as-a-service (SaaS) revenue was down 2%, down 2% in constant currency. 
• HP Financial Services revenue was $802 million, down 11% year over year, down 4% in constant currency with a 2% increase in net portfolio assets and a 4% decrease in financing volume. The business delivered an operating margin of 10.8%.

Fiscal 2015 Results