Hewlett Packard Enterprise (HPE) Revenue — Quarter Ended Oct 31, 2023
Revenue in the current quarter grew sequentially but declined compared to the same period last year. The positive sequential performance reversed a prior year-over-year contraction.
Key takeaway
Quarter ended Oct 31, 2023 · FY2023 Q4
Revenue in the current quarter grew sequentially but declined compared to the same period last year. The positive sequential performance reversed a prior year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.4B
Revenue reported for this quarter.
Quarter-over-quarter
+5.0%
Change from the immediately preceding quarter.
Year-over-year
-6.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$29.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 31, 2023 | $7.8B | +12.2% |
| Apr 30, 2023 | $7B | +3.9% |
| Jul 31, 2023 | $7B | +0.7% |
| Oct 31, 2023 | $7.4B | -6.6% |
Revenue performance
Reported revenue increased from the preceding quarter. The upward movement followed two consecutive quarters of lower revenue levels.
Quarterly comparison
Compared to the immediately preceding quarter, revenue improved. However, relative to the same quarter one year earlier, revenue was lower.
What to watch
The sequential growth occurred despite a year-over-year decline in the same quarter, suggesting sensitivity to both near-term and prior-year demand patterns.