Hewlett Packard Enterprise (HPE) is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze, and act upon data seamlessly from edge to cloud. HPE enables customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency. The company's customers range from small-and-medium-sized businesses to large global enterprises and governmental entities. HPE's core business model is centered around providing a platform-based approach, fueled by a portfolio rich in software and services, delivered as-a-service through the HPE GreenLake edge-to-cloud platform. HPE's market position is supported by its intellectual property portfolio, trusted expertise, and long-term market leadership in supercomputing. HPE has a global geographic presence with operations in numerous countries. The company faces competition from technology vendors and cloud service providers.

• Employees: 62,000 (as of October 31, 2023)
• Geographic Footprint: Global
• Headquarters: Spring, Texas
• Founded: 1939
• Number of locations/facilities: Approximately 11 million square feet of space worldwide
• Revenue: $29.1 billion (FY2023)
• Market Capitalization: $18.4 billion (as of April 30, 2023)
• Key Subsidiaries/Brands: Aruba, Cray, OpsRamp, Athonet

• CEO: Antonio Neri (since June 2017)
• CFO: Jeremy K. Cox (since August 2023)
• Chief Operating and Legal Officer: John F. Schultz (since July 2020)
• Chief People Officer: Alan May (since June 2015)
• Other Key Executives: Gerri A. Gold, Fidelma Russo, Justin Hotard, Neil B. MacDonald, Philip J. Mottram, Kirt P. Karros

The management team has an extensive track record of performance and execution, with many years of experience in the enterprise IT business and the markets in which they compete.

• Annual Revenue: $29.1 billion (FY2023)
• Net Income: $2.0 billion (FY2023)
• Market Cap: $18.4 billion (as of April 30, 2023)
• Total Assets: $57.2 billion (as of October 31, 2023)
• Number of Employees: 62,000 (as of October 31, 2023)
• Key Financial Highlights: Revenue increased 2.2% year-over-year; Gross profit margin was 35.1%; Operating profit margin was 7.2% (FY2023)

HPE offers a broad portfolio of products and services across several categories:

• Compute: General-purpose and workload-optimized servers, including HPE ProLiant rack and tower servers and HPE Synergy. Also includes operational and support services and HPE GreenLake for Compute.
• HPC & AI: Integrated systems for High-Performance Computing, Artificial Intelligence, Data Analytics, and Transaction Processing, including HPE Cray EX and XD. Also includes AI software and services, and HPE GreenLake for LLMs.
• Storage: Cloud-native primary storage with HPE Alletra, self-service private cloud with HPE GreenLake for Private Cloud Business Edition, and data management services with HPE GreenLake for Block and File Storage.
• Intelligent Edge: Wired and wireless local area network solutions under the Aruba brand, including Wi-Fi access points, switches, and gateways, software-defined wide-area networking, network security, and associated services.
• Financial Services: Flexible investment solutions such as leasing, financing, IT consumption, utility programs, and asset management services.
• Corporate Investments and Other: Advisory and Professional Services, Communications and Media Solutions, HPE Software, OpsRamp, and Hewlett Packard Labs.

HPE's operations are organized into six reportable business segments:

• Compute: Includes general-purpose servers and related services.
• HPC & AI: Includes high-performance computing and artificial intelligence solutions.
• Storage: Includes data storage and management offerings.
• Intelligent Edge: Includes wired and wireless networking solutions.
• Financial Services: Includes flexible investment solutions.
• Corporate Investments and Other: Includes consultative services, software, and research and development.

Effective November 1, 2023, HPE established a new reportable segment, Hybrid Cloud, which includes the historical Storage segment, HPE GreenLake Flex Solutions, Private Cloud, and Software. Certain products and services previously reported in the HPC & AI segment will be reported in the Compute and Hybrid Cloud segments, and the recently acquired Athonet business and certain components of the CMS business will be reported in the Intelligent Edge segment. Beginning in the first quarter of fiscal 2024, HPE will report its results under the realigned six reportable segments.

HPE's strategy is focused on leveraging its portfolio of hardware, software, and services to deliver a global edge-to-cloud platform as-a-service. Key strategic priorities include:

• Transitioning to an aaS consumption-based business model.
• Innovating solutions across connectivity, cloud, and data.
• Expanding the HPE GreenLake edge-to-cloud platform.
• Focusing on AI market opportunities in supercomputing, AI infrastructure, and AI platform software.
• Enhancing existing products and services to meet customer needs and emerging trends.

HPE is undergoing an ongoing transformation to become an edge-to-cloud company, with a focus on a platform-based model fueled by software and services. The company aims to provide a unified cloud services experience that empowers customers to access, analyze, and extract value from their data across various environments. HPE also emphasizes sustainability and ethical development and deployment of new technologies.

HPE operates in the highly competitive enterprise IT infrastructure market, facing competition from major technology vendors and cloud service providers. Key market trends include the increasing importance of edge computing, hybrid multi-cloud adoption, and the growing demand for AI solutions. HPE's market position is supported by its broad end-to-end solutions portfolio, intellectual property, and global reach. Major competitors include Dell Technologies, Super Micro Computer, Cisco Systems, Lenovo, IBM, NetApp, Extreme Networks, Arista Networks, Palo Alto Networks, Fortinet, and Juniper Networks. HPE competes primarily on the basis of technology, innovation, performance, price, quality, reliability, brand, reputation, distribution, range of products and services, ease of use, account relationships, customer training, service and support, and security.

• Market Risks: Intense competition, rapid technological changes, and price pressures.
• Operational Risks: Supply chain disruptions, dependence on third-party suppliers, and challenges in managing distribution channels.
• Financial Risks: Fluctuations in foreign currency exchange rates, credit risk, and potential impacts of economic downturns.
• Regulatory Risks: Compliance with environmental, trade, data privacy, cybersecurity, and other governmental regulations.
• Strategic Risks: Failure to execute the aaS transition, inability to accurately forecast customer demand, and challenges in integrating acquisitions.