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HPE shows off solid growth for the full year

Hewlett Packard Enterprise (HPE) has shown solid sales growth in its full year results, with GAAP net revenue up 5% (in constant currency) to $30.9bn. The GAAP operating margin was also up from 2.2% to 6%.

In the main business segments, Intelligent Edge was up 11% and Hybrid IT was up 4% (this segment includes compute, storage, data centre networking and the Pointnext business). During the fourth quarter, HPE fully integrated the acquired UK cloud business RedPixie to extend its hybrid capabilities in the UK and beyond.

HPE now markets itself as the organisation that can transition its customers to an “edge-centric, cloud-enabled and data-driven enterprise”. That effort has been backed up by committing itself to $4bn in expenditure in the Intelligent Edge space, including extensive investment in IoT capabilities, and the recent acquisition of startup BlueData (pictured).

EMEA represented 37% of revenue and was the strongest-growing geography in FY18, showing growth of 8% year-on-year. HPE's Argentinian CEO Antonio Neri praised his EMEA teams in the analyst results briefing for “executing very well”, no doubt helping the football-nut boss get over Argentina's poor showing in the Russia World Cup.

Fourth quarter net revenue was $7.9bn, up 3% year-on-year.