HP (HPQ) Revenue — Quarter Ended Jul 31, 2023
Revenue rose in the current quarter compared to the immediately preceding quarter. However, revenue declined compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jul 31, 2023 · FY2023 Q3
Revenue rose in the current quarter compared to the immediately preceding quarter. However, revenue declined compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.2%
Change from the immediately preceding quarter.
Year-over-year
-9.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$54.7B
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 |
|---|---|---|
| Oct 31, 2022 | $14.8B | -11.3% |
| Jan 31, 2023 | $13.8B | -18.9% |
| Apr 30, 2023 | $12.9B | -21.7% |
| Jul 31, 2023 | $13.2B | -9.9% |
Revenue performance
The reported revenue increased versus the prior quarter, reversing the downward trend seen in preceding periods.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Compared with the same quarter one year earlier, revenue was lower.
What to watch
The revenue decline versus the prior year remains notable despite the sequential improvement.