HP (HPQ) Revenue — Quarter Ended Oct 31, 2023
Revenue for the quarter rose compared to the immediately preceding period. However, it declined versus the same quarter one year earlier.
Key takeaway
Quarter ended Oct 31, 2023 · FY2023 Q4
Revenue for the quarter rose compared to the immediately preceding period. However, it declined versus the same quarter one year earlier.
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
+4.7%
Change from the immediately preceding quarter.
Year-over-year
-6.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$53.7B
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 |
|---|---|---|
| Jan 31, 2023 | $13.8B | -18.9% |
| Apr 30, 2023 | $12.9B | -21.7% |
| Jul 31, 2023 | $13.2B | -9.9% |
| Oct 31, 2023 | $13.8B | -6.5% |
Revenue performance
The reported revenue increased sequentially, marking a reversal from the prior quarter's level.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. Compared to the same quarter one year ago, it was lower, reflecting a continued year-over-year contraction.
What to watch
The year-over-year decline has narrowed over the past several quarters, suggesting a potential moderation in the downward trend.