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Segment, Geographic, and Significant Customer Information (Tables)

3 Months Ended

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 revenues1										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 revenues1										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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