HP Financial Statements (HPQ) – for the quarter ended January 31, 2024

HP (Hewlett-Packard) is one of the global leaders in the production of computers, printers, and other computer equipment. Founded in 1939, HP has remained among the top players in the information technology market for many years, offering a wide range of products and services for consumers and businesses.

HP Financial Statements (HPQ) — for the quarter ended January 31, 2024

🖨️ In the report for the quarter ended January 31, HP (HPQ) presented results that caught the attention of investors and analysts. Despite some negative trends in revenue, the company’s profit increased.

Below is a table with the key financial indicators for the company for this period:

MetricValueChange compared to the previous year
Revenue$13.2 billion-4.4%

Although revenue from PC and printer sales decreased by 4% and 5%, respectively, HP expressed optimism about potential demand growth for PCs in 2024. The company forecasts a sales volume increase of 2%-4%, the implementation of artificial intelligence in new computer models, and increased demand after computer system upgrades.

Despite the company’s optimistic forecasts, HP shares fell by 3.7% after the market closed. This may be due to some investors’ doubts about achieving the stated goals and forecasts. However, despite the short-term market reaction, HP’s long-term prospects remain promising, especially considering the expected increase in demand for PCs and the transition to new technologies, such as artificial intelligence.

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