HEWLETT PACKARD ENTERPRISE Reports Fourth Quarter Financial Results for FY2023

🌥️Earnings Overview

HEWLETT PACKARD ENTERPRISE ($NYSE:HPE) reported a total revenue of USD 7351.0 million for the fourth quarter of FY2023 ending on November 28, 2023. This represented a 6.6% decrease year-over-year, however, net income reported for the quarter was significantly higher at USD 642.0 million compared to the -304.0 million from the previous year.

Price History

Stock opened at $15.6 and ended the day at $15.5, a decrease of 0.5% from its prior closing price of 15.6. 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

At GoodWhale, we conducted an analysis of HEWLETT PACKARD ENTERPRISE’s fundamentals. According to our Star Chart, HEWLETT PACKARD ENTERPRISE has a high health score of 7/10 with regard to its cashflows and debt, suggesting that the company is capable to pay off debt and fund future operations. We found that HEWLETT PACKARD ENTERPRISE is strong in asset, dividend, and profitability, but weak in growth. Based on this assessment, we classify the company as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors who may be interested in such a company include those looking for a stable dividend income, or those interested in taking advantage of the company’s strong assets and profitability. Therefore, HEWLETT PACKARD ENTERPRISE may be an attractive option for long-term investors who are looking for consistent returns. 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’s financial performance in the fourth quarter of 2023 was mixed, with total revenues decreasing by 6.6%, but net income increasing significantly from a loss the previous year to USD 642 million. Analysts remain mixed on the company’s prospects, with some noting its strong position in the enterprise storage market, while others caution that competition in the sector is intensifying. Ultimately, investors will want to see a sustained improvement in the company’s financial performance in order to remain positive on its long-term outlook.