HP (HPQ) Revenue — Quarter Ended Jan 31, 2023
Revenue declined versus both the prior quarter and the same quarter last year. The drop was steeper when measured against the year-ago period.
Key takeaway
Quarter ended Jan 31, 2023 · FY2023 Q1
Revenue declined versus both the prior quarter and the same quarter last year. The drop was steeper when measured against the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.8B
Revenue reported for this quarter.
Quarter-over-quarter
-6.6%
Change from the immediately preceding quarter.
Year-over-year
-18.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$59.7B
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, 2022 | $16.5B | +3.8% |
| Jul 31, 2022 | $14.6B | -4.2% |
| Oct 31, 2022 | $14.8B | -11.3% |
| Jan 31, 2023 | $13.8B | -18.9% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter. This marks a continuation of the declining trend observed over recent quarters.
Quarterly comparison
Revenue in the current quarter was lower than the same quarter one year earlier, reflecting a larger contraction on an annual basis. The sequential decline, while present, was less pronounced than the year-over-year decrease.
What to watch
The filing context does not provide specific causal factors; the revenue trend warrants monitoring for further directional changes in upcoming periods.