HPE: Fiscal 3Q18 Financial Results

HPE revenue for storage only
(in $ million)

	3FQ17	2FQ18	3FQ18	9 mo. 2017	9 mo. 2018
Storage revenue	877	912	887	2,375	2,747
*Q/Q growth*	25%	-4%	-3%	Y/Y growth	16%

Hewlett Packard Enterprise LP (HPE) announced financial results for its fiscal 2018 second quarter ended July, 2018.

Hybrid IT revenue was $6.2 billion, up 3% year over year and flat when adjusted for currency, with a 10.6% operating margin. Compute revenue was up 5%, up 2% when adjusted for currency, storage revenue was up 1%, down 2% when adjusted for currency even with tough second half compares, DC networking revenue was down 6%, down 10% when adjusted for currency, and HPE Pointnext revenue was down 1%, down 2% when adjusted for currency.

3FQ18 hybrid IT revenue

When you look with the combination of that segment plus the other platforms, including hyperconverged and composable, actually total growth is 12%. And within that also, HPE saw big base of storage growing 70%, because that’s the demand.

At the same time, HPE saw 17% growth in big data storage.

It expects improved organic growth in 4FQ18 as it drives increased sales productivity and as its latest storage offerings gain customer traction.

For example, in July, the company expanded its offering of HPE InfoSight across its 3PAR portfolio, which now enables intelligent all-flash storage for customers.

Quarterly revenue for HP and then HPE for storage only since 1FQ13
(in $ million)

Fiscal quarter	Revenue	Q/Q Growth
1Q13	833	-12%
2Q13	857	3%
3Q13	833	-3%
4Q13	952	14%
1Q14	834	-12%
2Q14	808	-3%
3Q14	796	-1%
4Q14	878	10%
1Q15	837	-5%
2Q15	740	-12%
3Q15	784	6%
4Q15	905	3%
1Q16	863	3%
2Q16	752	-13%
3Q16	763	1%
4Q16	779	8%
1Q17	730	-6%
2Q17	699	-4%
3Q17	844	21%
4Q17	871	3%
FY17	3,144	*3% Y/Y*
1Q18	948	5%
2Q18	912	-4%
3Q18	887	*-3%*

To read the earnings call transcript