HP (HPQ) Revenue — Quarter Ended Jan 31, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter and also declined relative to the same quarter one year earlier. The year-over-year contraction was roughly in line with the prior quarter's annual rate.
Key takeaway
Quarter ended Jan 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter and also declined relative to the same quarter one year earlier. The year-over-year contraction was roughly in line with the prior quarter's annual rate.
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
-4.6%
Change from the immediately preceding quarter.
Year-over-year
-4.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$53.1B
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 | $12.9B | -21.7% |
| Jul 31, 2023 | $13.2B | -9.9% |
| Oct 31, 2023 | $13.8B | -6.5% |
| Jan 31, 2024 | $13.2B | -4.4% |
Revenue performance
Reported revenue moved lower from the prior quarter, extending a pattern of sequential declines seen in recent periods.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell. Against the same quarter in the prior year, revenue also declined, with a similar rate of change.
What to watch
The revenue decline in this quarter follows decreases in each of the prior three quarters, making the trend of sustained contraction a point to monitor.