HEWLETT PACKARD ENTERPRISE Reports FY2023 Q3 Earnings Results on July 31 2023
September 6, 2023
🌥️Earnings Overview
On July 31 2023, HEWLETT PACKARD ENTERPRISE ($NYSE:HPE) announced their results for the third quarter of FY2023. Revenue totaled USD 7002.0 million, an increase of 0.7% compared to the same period last year, while reported net income rose 13.4% year-on-year to USD 464.0 million.
Price History
On Tuesday, July 31st 2023, HEWLETT PACKARD ENTERPRISE reported its third quarter earnings results for fiscal year 2023. The stock opened at $16.8 and closed the day at the same price, representing a 0.3% increase from the previous closing price of $16.8. Overall, HEWLETT PACKARD ENTERPRISE reported strong financial results for the quarter, with net income, revenue and cash flow all increasing year-over-year.
The company’s stock remained stable throughout the period, ending the day at the same price at which it opened. Investors appear to be encouraged by the company’s performance, and continued confidence in HEWLETT PACKARD ENTERPRISE’s future guidance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HPE. More…
| Total Revenues | Net Income | Net Margin |
| 29.66k | 1.08k | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HPE. More…
| Operations | Investing | Financing |
| 4.62k | -4.05k | -1.75k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HPE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 56.41k | 35.74k | 16.07 |
Key Ratios Snapshot
Some of the financial key ratios for HPE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.2% | 10.1% | 5.6% |
| FCF Margin | ROE | ROA |
| 5.0% | 5.1% | 1.8% |
Analysis
After conducting an analysis of HEWLETT PACKARD ENTERPRISE’s fundamentals, GoodWhale’s Star Chart reveals that the company has an intermediate health score of 6/10 considering its cashflows and debt. This suggests that HEWLETT PACKARD ENTERPRISE is likely to pay off debt and fund future operations. Additionally, the company is strong in asset, dividend, and profitability, however it is weak in growth. Based on these observations, GoodWhale classifies HEWLETT PACKARD ENTERPRISE as a ‘cow’ type of company, one that has the track record of paying out consistent and sustainable dividends. Due to their reliable dividend payouts and a strong balance sheet, HEWLETT PACKARD ENTERPRISE is likely to attract long-term investors, income investors, and value investors. These investors typically prefer companies with a reliable track record of paying dividends and have the potential for capital appreciation. Therefore, HEWLETT PACKARD ENTERPRISE is an ideal option for these types of investors. 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 reported strong earnings results for the third quarter of fiscal year 2023. Total revenue increased by 0.7% year-over-year to USD 7002.0 million and net income rose 13.4% year-over-year to USD 464.0 million. The results indicate that the company remains well-positioned to continue its growth trajectory. Investors should consider Hewlett Packard Enterprise as a reliable investment option, given its consistent performance and strong financials.
Related Posts
Recent Posts
