Hewlett Packard Enterprise (HPE) announced that its revenue rose 3 percent to $7.95 billion in Q4 fiscal 2018 and 5 percent to $30.9 billion in fiscal 2018.
The company’s net loss was $757 million, or 52 cents per share, in the fourth quarter ended Oct. 31 from a profit of $524 million, or 32 cents per share, a year earlier.
HPE generated revenue of $814 million (+15 percent) from Intelligent Edge, $6.4 billion (+4 percent) from Hybrid IT and $939 million (–5 percent) from Financial Services during the fourth quarter.
HPE Aruba Product revenue rose 15 percent – with the division contributing 90 percent revenue to Intelligent Edge business.
HPE Aruba Services revenue grew 16 percent — with the division contributing 10 percent revenue to Intelligent Edge business.
HPE’s Hybrid IT division includes servers, storage and data center networking products.
HPE’s compute revenue rose 7 percent with the business contributing 56 percent revenue to Hybrid IT division.
HPE’s storage revenue grew 4 percent with the business contributing 15 percent revenue to Hybrid IT division.
HPE’s DC Networking revenue fell 1 percent with the business contributing 1 percent revenue to Hybrid IT division.
HPE Pointnext revenue dropped 3 percent with the business contributing 28 percent revenue to Hybrid IT division.
HPE generates 35 percent of its total revenue from America, 7 percent from Canada and Latin America, 36 percent from EMEA and 22 percent from Asia Pacific including India, China and Japan.
HPE indicated that its revenue grew substantially in the US and Americas, marginally in EMEA and dropped in Asia Pacific region.
HPE generated 10 percent of total revenue from Intelligent Edge, 79 percent from Hybrid IT and 11 percent from Financial Services during the fourth quarter.
HPE’s annual sales have slid since it split from Hewlett-Packard Co in 2015 as its mainstay server business has struggled with corporate customers increasingly buying non-branded servers that are much cheaper, Reuters reported.
HPE is cutting costs as part of its HPE Next initiative announced last year, aiming to drive gross cost savings of $1.5 billion in the next three years.
The US-based company, which competes with rivals such as Cisco, IBM, Oracle, Huawei and Microsoft, forecast current-quarter adjusted earnings between 33 cents and 37 cents per share.