HEWLETT PACKARD ENTERPRISE Reports Third Quarter Financial Results for FY2023
September 2, 2023
🌥️Earnings Overview
On August 29 2023, HEWLETT PACKARD ENTERPRISE ($NYSE:HPE) reported their financial results for the third quarter of the fiscal year 2023, which concluded on July 31 2023. Total revenue for the quarter came to USD 7002.0 million, representing an increase of 0.7% from the same quarter in the prior year. Their net income was USD 464.0 million, portraying a year-over-year growth of 13.4%.
Market Price
The stock opened at $16.8 and closed at $16.8, up by 0.3% from its previous closing price of 16.8. The stock closed at its opening price of $16.8, indicating investors’ confidence in the company’s performance going forward into the future. 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
At GoodWhale, we recently conducted an in-depth analysis of HEWLETT PACKARD ENTERPRISE’s wellbeing. According to our Risk Rating, HEWLETT PACKARD ENTERPRISE is a medium risk investment when it comes to financial and business aspects. We have noticed some risk warnings in their income sheet and balance sheet, and we invite you to sign up and check it out on our GoodWhale website. Our analysis is comprehensive and includes a review of the company’s financial statements, its competitive landscape, and its overall performance. Our goal is to provide a thorough assessment of HEWLETT PACKARD ENTERPRISE’s financial health and business stability. With our short-term and long-term ratings, you can confidently make better informed investment decisions. 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
Investors should consider Hewlett Packard Enterprise when evaluating their portfolio. For the third quarter of FY2023, the company reported total revenue of USD 7002.0 million, a slight increase of 0.7% from the previous year. Net income was USD 464.0 million, up 13.4 % year-on-year. All these factors suggest that the company is in a good financial position and presents an attractive investment opportunity.
Related Posts
Recent Posts
