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Investing in Hewlett Packard Enterprise (HPE)? Don't Miss Assessing Its International Revenue Trends
HPEHPE(US:HPE) ZACKSยท2024-06-10 17:40

Core Insights - The international operations of Hewlett Packard Enterprise (HPE) are crucial for assessing its financial resilience and growth prospects in the global economy [1][2] - HPE's total revenue for the quarter was $7.2 billion, reflecting a 3.3% increase year-over-year [2] International Revenue Performance - HPE generated $2.45 billion from Europe, Middle East, and Africa (EMEA), accounting for 34.1% of total revenue, with a slight increase of 0.31% compared to analyst expectations [3] - Asia Pacific and Japan contributed $1.61 billion, representing 22.3% of total revenue, exceeding expectations by 7.42% [3] Future Revenue Projections - Analysts project HPE's revenues for the ongoing fiscal quarter to reach $7.65 billion, a 9.3% increase from the previous year, with EMEA and Asia Pacific expected to contribute $2.67 billion (34.9%) and $1.63 billion (21.3%) respectively [4] - For the full year, total revenue is anticipated to be $29.77 billion, up 2.2% from the previous year, with EMEA and Asia Pacific expected to account for $10.43 billion (35%) and $6.38 billion (21.4%) respectively [4] Stock Performance - HPE's stock has increased by 17.4% over the past month, outperforming the Zacks S&P 500 composite's 3.3% rise [7] - Over the past three months, HPE shares gained 19.7%, compared to a 4.1% increase in the S&P 500 [7]