Similar companies
| Company | Revenue | |
|---|---|---|
 |
Hewlett Packard EnterpriseHPE |
7.71B 7% |
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 13.5B | 5.6% |
| Gross Profit | 2.91B | 3.9% |
| Cost of Revenue | 10.6B | 8.6% |
| Operating expense | 1.95B | 5.1% |
| Net Income | 640M | 5.4% |
| EBITDA | 1.02B | 2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 38.1B | 1.7% |
| Total Liabilities | 39.5B | 2.9% |
| Shares Outstanding | 963M | 1.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.42B | 145.1% |
| Cash from investing | -237M | 383.7% |
| Cash from financing | -826M | 91.2% |
EPS
Financial Highlights for HP in Q3 '24
HP reported a revenue of 13.5B, which is a 5.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.91B, marking a -3.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 10.6B, a 8.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.95B, showing a -5.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 640M, showing a 5.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.02B, showing a 2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
HP faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
