HEWLETT PACKARD ENTERPRISE Reports FY2023 Q1 Earnings Results for January 31, 2023.

March 18, 2023

Earnings Overview

On March 2 2023, HEWLETT PACKARD ENTERPRISE ($BER:2HP) announced their FY2023 Q1 earnings results, which were for the period ending January 31 2023. Total revenue for the quarter was USD 501.0 million, a decrease of 2.3% from the same period in the prior year. Net income for the quarter was USD 7809.0 million, an increase of 12.2% from the same quarter of the previous fiscal year.

Stock Price

The stock opened at €14.6, the same price as when it closed the previous day.

However, at the close of market, HPE’s stock had fallen by 0.5% from its last closing price of €14.6. This is primarily attributed to strong sales in the Storage and Big Data Analytics segments. The company attributed this decrease to increased investments in research and development as well as higher capital costs associated with new product launches. Overall, this report provides an optimistic outlook for HPE going forward into FY2023 as it has continued to show modest growth despite the ongoing pandemic and economic crisis. With a lower cost structure and increasing focus on its core product lines, HPE looks to remain competitive in the IT space for years to come. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for 2HP. More…

    Total Revenues Net Income Net Margin
    29.34k 856 7.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for 2HP. More…

    Operations Investing Financing
    3.84k -2.99k -2.14k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for 2HP. More…

    Total Assets Total Liabilities Book Value Per Share
    55.59k 35.53k 15.43
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for 2HP are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    0.9% -2.2% 4.1%
    FCF Margin ROE ROA
    1.9% 3.8% 1.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale’s analysis of HEWLETT PACKARD ENTERPRISE indicates strong performance in terms of asset and dividend, and medium performance in profitability. The growth of the company is comparatively weaker than the other parameters. Based on this assessment, we classify HEWLETT PACKARD ENTERPRISE as a ‘cow’, which means that it has the track record of paying out consistent and sustainable dividends. This type of company may be of interest to long-term investors seeking income, as well as investors who are looking for low risk options. Additionally, it has an intermediate health score of 6/10, indicating that its cashflows and debt are likely to sustain future operations in times of crisis. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    Hewlett Packard Enterprise (HPE) reported a total revenue of USD 501.0 million for its first quarter of FY2023, representing a decline of 2.3% year-over-year.

    However, net income for the quarter increased by 12.2% to USD 7809.0 million. This could be a good sign for investors, as it signals that HPE is able to remain profitable despite the challenges posed by the pandemic. Furthermore, with cost-cutting measures implemented, there is potential for HPE to maintain its profitability in the future. Investors should keep a close eye on the company’s performance, as any positive news could be seen as an opportunity to invest in HPE.

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