Segment, Geographic, and Significant Customer Information (Tables)

6 Months Ended

Oct. 28, 2022

Segment Reporting [Abstract]

Schedule of Financial Information by Segment

Financial information by segment is as follows (in millions, except percentages):

	Three Months Ended October 28, 2022
	Hybrid Cloud			Public Cloud			Consolidated
Product revenues	$	837		$	—		$	837
Support revenues		607			—			607
Professional and other services revenues		77			—			77
Public cloud revenues		—			142			142
Net revenues		1,521			142			1,663
Cost of product revenues		417			—			417
Cost of support revenues		45			—			45
Cost of professional and other services revenues		54			—			54
Cost of public cloud revenues		—			45			45
Segment cost of revenues		516			45			561
Segment gross profit	$	1,005		$	97		$	1,102
Segment gross margin		66.1	%		68.3	%		66.3	%
Unallocated cost of revenues1								15
Total gross profit							$	1,087
Total gross margin								65.4	%
1 Unallocated cost of revenues are composed of $5 million of stock-based compensation expense and $10 million of amortization of intangible assets.

	Three Months Ended October 29, 2021
	Hybrid Cloud			Public Cloud			Consolidated
Product revenues	$	814		$	—		$	814
Support revenues		590			—			590
Professional and other services revenues		75			—			75
Public cloud revenues		—			87			87
Net revenues		1,479			87			1,566
Cost of product revenues		369			—			369
Cost of support revenues		48			—			48
Cost of professional and other services revenues		54			—			54
Cost of public cloud revenues		—			25			25
Segment cost of revenues		471			25			496
Segment gross profit	$	1,008		$	62		$	1,070
Segment gross margin		68.2	%		71.3	%		68.3	%
Unallocated cost of revenues1								11
Total gross profit							$	1,059
Total gross margin								67.6	%
1 Unallocated cost of revenues are composed of $4 million of stock-based compensation expense and $7 million of amortization of intangible assets.

	Six Months Ended October 28, 2022
	Hybrid Cloud			Public Cloud			Consolidated
Product revenues	$	1,623		$	—		$	1,623
Support revenues		1,205			—			1,205
Professional and other services revenues		153			—			153
Public cloud revenues		—			274			274
Net revenues		2,981			274			3,255
Cost of product revenues		812			—			812
Cost of support revenues		88			—			88
Cost of professional and other services revenues		106			—			106
Cost of public cloud revenues		—			85			85
Segment cost of revenues		1,006			85			1,091
Segment gross profit	$	1,975		$	189		$	2,164
Segment gross margin		66.3	%		69.0	%		66.5	%
Unallocated cost of revenues1								31
Total gross profit							$	2,133
Total gross margin								65.5	%
1 Unallocated cost of revenues are composed of $10 million of stock-based compensation expense and $21 million of amortization of intangible assets.

	Six Months Ended October 29, 2021
	Hybrid Cloud			Public Cloud			Consolidated
Product revenues	$	1,544		$	—		$	1,544
Support revenues		1,168			—			1,168
Professional and other services revenues		146			—			146
Public cloud revenues		—			166			166
Net revenues		2,858			166			3,024
Cost of product revenues		695			—			695
Cost of support revenues		96			—			96
Cost of professional and other services revenues		105			—			105
Cost of public cloud revenues		—			48			48
Segment cost of revenues		896			48			944
Segment gross profit	$	1,962		$	118		$	2,080
Segment gross margin		68.6	%		71.1	%		68.8	%
Unallocated cost of revenues1								22
Total gross profit							$	2,058
Total gross margin								68.1	%
1 Unallocated cost of revenues are composed of $8 million of stock-based compensation expense and $14 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				Six Months Ended
	October 28,  2022		October 29, 2021		October 28,  2022		October 29, 2021
United States, Canada and Latin America (Americas)	$	889	$	868	$	1,745	$	1,654
Europe, Middle East and Africa (EMEA)		535		461		1,035		915
Asia Pacific (APAC)		239		237		475		455
Net revenues	$	1,663	$	1,566	$	3,255	$	3,024

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):

	October 28,  2022		April 29,  2022
U.S.	$	1,590	$	1,820
International		1,443		2,314
Total	$	3,033	$	4,134

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):

	October 28,  2022		April 29,  2022
U.S.	$	431	$	392
International		230		210
Total	$	661	$	602

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						Six Months Ended
	October 28,  2022			October 29, 2021			October 28,  2022			October 29, 2021
Arrow Electronics, Inc.		24	%		24	%		25	%		24	%
Tech Data Corporation		20	%		20	%		20	%		20	%

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:

	October 28,  2022			April 29,  2022
Arrow Electronics, Inc.		15	%		10	%
Tech Data Corporation		19	%		19	%