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Hewlett Packard Enterprise (HPE) Reliance on International Sales: What Investors Need to Know
HPEHPE(US:HPE) ZACKSยท2024-09-09 14:16

Core Insights - Hewlett Packard Enterprise (HPE) reported total revenue of $7.71 billion for the quarter ending July 2024, reflecting a 10.1% increase compared to the previous year [2][3] International Revenue Breakdown - Revenue from Europe, Middle East, and Africa (EMEA) was $2.56 billion, accounting for 33.1% of total revenue, which was a decline of 6.84% from the expected $2.74 billion [3] - Asia Pacific and Japan contributed $1.75 billion, representing 22.6% of total revenue, exceeding expectations by 4.11% [3] Future Revenue Forecasts - Analysts project HPE's total revenue for the current fiscal quarter to be $8.26 billion, indicating a 12.4% increase year-over-year [4] - For the entire year, total revenue is forecasted at $29.88 billion, a 2.6% improvement from the previous year, with EMEA expected to contribute $10.66 billion and Asia Pacific and Japan $6.52 billion [4] Market Trends and Stock Performance - HPE's reliance on international markets presents both opportunities and risks, making it essential to monitor international revenue trends for future forecasts [5] - Over the past month, HPE's stock gained 1.1%, while the S&P 500 composite increased by 3.5% [7]