HP (HPQ) Revenue — Quarter Ended Jul 31, 2024
Revenue for the period increased from the prior quarter and also rose compared with the same quarter a year ago. The sequential growth followed several quarters of decline, while the year-over-year gain marks a return to positive territory.
Key takeaway
Quarter ended Jul 31, 2024 · FY2024 Q3
Revenue for the period increased from the prior quarter and also rose compared with the same quarter a year ago. The sequential growth followed several quarters of decline, while the year-over-year gain marks a return to positive territory.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.5B
Revenue reported for this quarter.
Quarter-over-quarter
+5.6%
Change from the immediately preceding quarter.
Year-over-year
+2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$53.3B
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, 2023 | $13.8B | -6.5% |
| Jan 31, 2024 | $13.2B | -4.4% |
| Apr 30, 2024 | $12.8B | -0.8% |
| Jul 31, 2024 | $13.5B | +2.4% |
Revenue performance
Reported revenue was higher than the immediately preceding quarter, ending a streak of sequential decreases.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also higher. The filing provides no context for these changes.
What to watch
The filing does not specify any particular risk or event that supports the reported revenue reversal; future filings may clarify underlying drivers.