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v3.23.2

Segment, Geographic, and Significant Customer Information (Tables) | 3 Months Ended
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Jul. 28, 2023
Segment Reporting [Abstract] |
Schedule of Financial Information by Segment | Financial information by segment is as follows (in millions, except percentages):
| Three Months Ended July 28, 2023 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Consolidated |
Product revenues | $ | 590 |  |  | $ | — |  |  | $ | 590 |
Support revenues |  | 611 |  |  |  | — |  |  |  | 611 |
Professional and other services revenues |  | 77 |  |  |  | — |  |  |  | 77 |
Public cloud revenues |  | — |  |  |  | 154 |  |  |  | 154 |
Net revenues |  | 1,278 |  |  |  | 154 |  |  |  | 1,432 |
Cost of product revenues |  | 264 |  |  |  | — |  |  |  | 264 |
Cost of support revenues |  | 47 |  |  |  | — |  |  |  | 47 |
Cost of professional and other services revenues |  | 58 |  |  |  | — |  |  |  | 58 |
Cost of public cloud revenues |  | — |  |  |  | 51 |  |  |  | 51 |
Segment cost of revenues |  | 369 |  |  |  | 51 |  |  |  | 420 |
Segment gross profit | $ | 909 |  |  | $ | 103 |  |  | $ | 1,012 |
Segment gross margin |  | 71.1 | % |  |  | 66.9 | % |  |  | 70.7 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 16 |
Total gross profit |  |  |  |  |  |  | $ | 996 |
Total gross margin |  |  |  |  |  |  |  | 69.6 | %
1 Unallocated cost of revenues are composed of $7 million of stock-based compensation expense and $9 million of amortization of intangible assets. |
| Three Months Ended July 29, 2022 |
| Hybrid Cloud |  |  | Public Cloud |  |  | Consolidated |
Product revenues | $ | 786 |  |  | $ | — |  |  | $ | 786 |
Support revenues |  | 598 |  |  |  | — |  |  |  | 598 |
Professional and other services revenues |  | 76 |  |  |  | — |  |  |  | 76 |
Public cloud revenues |  | — |  |  |  | 132 |  |  |  | 132 |
Net revenues |  | 1,460 |  |  |  | 132 |  |  |  | 1,592 |
Cost of product revenues |  | 395 |  |  |  | — |  |  |  | 395 |
Cost of support revenues |  | 43 |  |  |  | — |  |  |  | 43 |
Cost of professional and other services revenues |  | 52 |  |  |  | — |  |  |  | 52 |
Cost of public cloud revenues |  | — |  |  |  | 40 |  |  |  | 40 |
Segment cost of revenues |  | 490 |  |  |  | 40 |  |  |  | 530 |
Segment gross profit | $ | 970 |  |  | $ | 92 |  |  | $ | 1,062 |
Segment gross margin |  | 66.4 | % |  |  | 69.7 | % |  |  | 66.7 | %
Unallocated cost of revenues 1 |  |  |  |  |  |  |  | 16 |
Total gross profit |  |  |  |  |  |  | $ | 1,046 |
Total gross margin |  |  |  |  |  |  |  | 65.7 | %
1 Unallocated cost of revenues are composed of $5 million of stock-based compensation expense and $11 million of amortization of intangible assets. |
Schedule of Revenues by Geographic Region | Revenues summarized by geographic region are as follows (in millions):
|  | Three Months Ended |
|  | July 28, 2023 |  |  | July 29, 2022 |
United States, Canada and Latin America (Americas) |  | $ | 754 |  |  | $ | 827 |
Europe, Middle East and Africa (EMEA) |  |  | 446 |  |  |  | 509 |
Asia Pacific (APAC) |  |  | 232 |  |  |  | 256 |
Net revenues |  | $ | 1,432 |  |  | $ | 1,592 |
Effective in the three months ended July 28, 2023, management began evaluating revenues by geographic region based on the location to which products and services are delivered, rather than based on the location from which the customer relationship is managed. Prior period numbers have been recast to conform to the current period presentation.
Schedule of Cash, Cash Equivalents and Short-Term Investments | The following table presents cash, cash equivalents and short-term investments held in the U.S. and internationally in various foreign subsidiaries (in millions):
|  | July 28, 2023 |  |  | April 28, 2023 |
U.S. |  | $ | 842 |  |  | $ | 887 |
International |  |  | 2,133 |  |  |  | 2,183 |
Total |  | $ | 2,975 |  |  | $ | 3,070 |
Schedule of Property and Equipment, Net by Geographic Areas | The following table presents property and equipment information for geographic areas based on the physical location of the assets (in millions):
|  | July 28, 2023 |  |  | April 28, 2023 |
U.S. |  | $ | 407 |  |  | $ | 413 |
International |  |  | 234 |  |  |  | 237 |
Total |  | $ | 641 |  |  | $ | 650 |
Schedule of Revenues from Significant Customers | he following customers, each of which is a distributor, accounted for 10% or more of our net revenues:
|  | Three Months Ended |
|  | July 28, 2023 |  |  | July 29, 2022 |
Arrow Electronics, Inc. |  |  | 24 | % |  |  | 25 | %
TD Synnex Corporation (previously presented as Tech Data Corporation) |  |  | 21 | % |  |  | 21 | %
Schedule of Net Accounts Receivable from Significant Customers | The following customers accounted for 10% or more of accounts receivable in at least one of the periods presented:
|  | July 28, 2023 |  |  | April 28, 2023 |
Arrow Electronics, Inc. |  |  | 10 | % |  |  | 15 | %
TD Synnex Corporation (previously presented as Tech Data Corporation) |  |  | 17 | % |  |  | 19 | %

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