HP (HPQ) Revenue — Quarter Ended Apr 30, 2024
Revenue for the quarter declined compared with both the prior quarter and the same quarter last year. The decrease steepened sequentially, while the year-over-year comparison narrowed.
Key takeaway
Quarter ended Apr 30, 2024 · FY2024 Q2
Revenue for the quarter declined compared with both the prior quarter and the same quarter last year. The decrease steepened sequentially, while the year-over-year comparison narrowed.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.8B
Revenue reported for this quarter.
Quarter-over-quarter
-2.9%
Change from the immediately preceding quarter.
Year-over-year
-0.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$53B
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, 2023 | $13.2B | -9.9% |
| Oct 31, 2023 | $13.8B | -6.5% |
| Jan 31, 2024 | $13.2B | -4.4% |
| Apr 30, 2024 | $12.8B | -0.8% |
Revenue performance
Reported revenue moved lower from the immediately preceding quarter, marking a deeper sequential decline than seen in recent quarters.
Quarterly comparison
Year-over-year, revenue also fell, though the decline was less severe than the sequential drop and represented the smallest year-ago decrease in the trailing four-quarter period.
What to watch
The sequential acceleration in the revenue decline bears monitoring in upcoming reports.