Hewlett Packard (HPE) Q1 2023 revenue, and earnings beat Street view

Information technology solutions provider Hewlett Packard Enterprise (NYSE: HPE) has reported higher earnings and revenues for the first quarter of 2023. The results also exceeded analysts’ forecasts. First-quarter profit, excluding one-off items, moved up to $0.63 per share from $0.53 per share a year earlier and came in above consensus estimates. On a reported basis, […]

$HPE March 3, 2023 1 min read

NYSE

$HPE · Earnings

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Information technology solutions provider Hewlett Packard Enterprise (NYSE: HPE) has reported higher earnings and revenues for the first quarter of 2023. The results also exceeded analysts’ forecasts. First-quarter profit, excluding one-off items, moved up to $0.63 per share from $0.53 per share a year earlier and came in above consensus estimates. On a reported basis, […]
· March 3, 2023

Hewlett Packard Q1 2023 earnings infographic

First-quarter profit, excluding one-off items, moved up to $0.63 per share from $0.53 per share a year earlier and came in above consensus estimates. On a reported basis, net income was $501 million or $0.38 per share in the three-month period, compared to $513 million or $0.39 per share in the same period of 2022.

Check this space to read management/analysts’ comments on Hewlett Packard’s Q1 results

The tech firm’s revenues increased 12% annually to $7.8 billion in the first quarter, beating analysts’ estimates. The management also provided guidance for the second quarter and full year of 2023.