Hewlett Packard Enterprise Reports Strong Quarterly Profit Growth

Hewlett Packard Enterprise [HPE] reported a strong quarterly profit of $608 million for the third quarter ended July 31, 2024. This represents a notable increase from the previous quarter, showcasing the company's financial performance during the period.

The company, headquartered in Spring, TX, reported to SEC in an 8-K filing $0.38 earnings per share in the quarter, compared to $0.24 in the previous quarter.

Hewlett Packard Enterprise, operating in the technology sector, recorded revenue of $7.7 billion. This figure reflects a 7% increase from the previous quarter, indicating a positive trend in the company's financial performance.

In comparison to the same quarter of the previous year, Hewlett Packard Enterprise's revenue showed a significant increase of 10%. Additionally, the company experienced a 13% growth in profit for the current quarter when compared to the profit of the same quarter in the previous year.