HP (HPQ) Revenue — Quarter Ended Apr 30, 2023
Revenue declined for the quarter ended Apr 30, 2023, compared with the same period last year. The decrease extended a multi-quarter trend of falling top-line results.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q2
Revenue declined for the quarter ended Apr 30, 2023, compared with the same period last year. The decrease extended a multi-quarter trend of falling top-line results.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.9B
Revenue reported for this quarter.
Quarter-over-quarter
-6.5%
Change from the immediately preceding quarter.
Year-over-year
-21.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$56.1B
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 |
|---|---|---|
| Jul 31, 2022 | $14.6B | -4.2% |
| Oct 31, 2022 | $14.8B | -11.3% |
| Jan 31, 2023 | $13.8B | -18.9% |
| Apr 30, 2023 | $12.9B | -21.7% |
Revenue performance
Reported revenue was lower than in the immediately preceding quarter, marking a sequential contraction.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was lower. The magnitude of the year-over-year decline was larger than the sequentially prior quarter’s drop versus its own year-ago period.
What to watch
Monitor whether the downtrend in year-over-year revenue growth continues in upcoming quarters.