HEWLETT PACKARD ENTERPRISE Reports Fiscal Year 2023 Fourth Quarter Earnings Results on November 28, 2023

🌥️Earnings Overview

On November 28, 2023, HEWLETT PACKARD ENTERPRISE ($NYSE:HPE) reported its financial results for the fourth quarter of fiscal year 2023 (ending October 31, 2023). The total revenue for the quarter was USD 7351.0 million, a 6.6% dip year-over-year. Their net income was USD 642.0 million, a reversal from the net loss of -304.0 million in the same quarter of the prior year.

Market Price

The stock opened at $15.6, and after a day of trading, had closed at $15.5. This was a decrease of 0.5% from the previous closing price of $15.6. The company also reported that it had successfully increased its customer base, upgraded its IT infrastructure, and invested heavily in research and development initiatives.

In addition, the company reported that it had implemented a global cost-cutting program that had resulted in substantial savings. This cost-saving strategy was part of the company’s efforts to remain competitive in the ever-changing technology market. Overall, HEWLETT PACKARD ENTERPRISE’s fourth quarter results were positive and showed the company’s commitment to continued growth and success in the years ahead. Investors will be watching closely to see how the company continues to perform in the long-term. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for HPE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for HPE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for HPE. More…

Key Ratios Snapshot

Some of the financial key ratios for HPE are shown below. More…

Analysis

GoodWhale has conducted an analysis on HEWLETT PACKARD ENTERPRISE’s fundamentals and has arrived at the conclusion that the company is strong in terms of assets, dividends, and profitability, but weak in terms of growth. We have classified HEWLETT PACKARD ENTERPRISE as a ‘rhino’, i.e. a company that achieved moderate revenue or earnings growth. We believe that this type of company would be very attractive to value investors who look for companies with strong fundamentals and solid potential for long-term growth. Furthermore, HEWLETT PACKARD ENTERPRISE has a high health score of 7 out of 10 with regards to its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. More…

Peers

The competition between Hewlett Packard Enterprise Co and its competitors, Dawning Information Industry Co Ltd, Eastern Communications Co Ltd, and Accton Technology Corp, is fierce. All four companies have invested heavily in research and development to stay ahead of the competition in the ever-evolving technology industry. Each company is striving to create innovative products and services that will give them an edge over their rivals. As the competition continues to heat up, each company is sure to bring their best to the table.

– Dawning Information Industry Co Ltd ($SHSE:603019)

Dawning Information Industry Co Ltd is a Chinese company that provides information technology and services. The company has a market cap of 32.11B as of 2022, making it one of the largest companies in its sector. Its Return on Equity (ROE) is 7.36%, which is relatively high compared to other companies in the same industry. The company’s ROE is a measure of how efficiently the company uses its resources to generate profits, and its market cap is an indication of the company’s size and value to investors.

– Eastern Communications Co Ltd ($SHSE:600776)

Eastern Communications Co Ltd is a telecommunications company that provides cable television, internet, phone services, and other related products and services. The company has a market capitalization of 9.62 billion as of 2022, which indicates its size and scope in the industry. Eastern Communications also boasts a Return on Equity of 2.34%, indicating its financial strength and ability to generate profits for its shareholders. This indicates that the company is performing well and is a promising investment opportunity.

– Accton Technology Corp ($TWSE:2345)

Accton Technology Corp is a leader in the networking and communications industry, providing innovative solutions for the global marketplace. It has a market capitalization of 141.69 billion as of 2022, reflecting its size and market position. The company’s Return on Equity (ROE) of 34.76% indicates the ability to generate profits from every dollar of shareholder equity. This is an impressive figure that demonstrates Accton’s ability to effectively utilize its assets and resources. The company has continued to develop innovative products and services for customers around the world, helping to cement its place as a leader in the industry.

Summary

Hewlett Packard Enterprise (HPE) reported their financials for the fiscal fourth quarter of 2023, with total revenues of $7351 million, representing a 6.6% decrease compared to the same period last year. Net income reached $642 million, a significant improvement from the net loss of -$304 million from the same quarter of the prior year. Investors should consider HPE’s potential for long-term growth, and its ability to innovate and take advantage of market opportunities. Analysts should look at HPE’s cash flow, analyst recommendations, and product portfolio in order to make an informed decision on whether to invest.

Additionally, investors should consider HPE’s ability to manage risks associated with their business model and its ability to generate sustainable returns over time.