Hewlett Packard Enterprise (HPE) Revenue — Quarter Ended Jan 31, 2024
Revenue declined in the reported quarter. The decrease was observed both sequentially and compared to the same quarter a year earlier.
Key takeaway
Quarter ended Jan 31, 2024 · FY2024 Q1
Revenue declined in the reported quarter. The decrease was observed both sequentially and compared to the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.8B
Revenue reported for this quarter.
Quarter-over-quarter
-8.1%
Change from the immediately preceding quarter.
Year-over-year
-13.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$28.1B
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 |
|---|---|---|
| Apr 30, 2023 | $7B | +3.9% |
| Jul 31, 2023 | $7B | +0.7% |
| Oct 31, 2023 | $7.4B | -6.6% |
| Jan 31, 2024 | $6.8B | -13.5% |
Revenue performance
The year-over-year contraction was steeper than in the prior quarter, reflecting a continued downward trend.
Quarterly comparison
Sequentially, revenue fell from the preceding quarter. On an annual basis, the drop was more significant.
What to watch
The trajectory of revenue in the coming quarters will be important to assess the company's performance.