Quarterly Net Earnings of HPE (Hewlett Packard Enterprises) 2016-2023
Amounts are in millions.
FY 2023
Net Earnings (millions)
Q1
$501
Q2
$418
Q3
$464
Q4
During the first quarter of 2023, HPE generated $501 million compared to $513 million in the same quarter of the prior year. However, in the second quarter of 2022, the net earnings of the company increased to $418 million compared to $250 million in the same quarter of the prior year. In the third quarter also the company generated a net earning of $464 million compared to $409 million in the same quarter of the prior year.
In fiscal 2022, the net earnings of HPE remained much lower compared to the prior year. The company generated total $868 million in net earnings in 2022 compared to $3,427 million in 2021. During the fourth quarter of 2022, HPE incurred a net loss of $304 million compared to a positive net income of $2,553 million in 2021.
FY 2022
Net Earnings
Q1
$513
Q2
$250
Q3
$409
Q4
$(304)
FY 2021
Net Earnings (millions)
Q1
$223
Q2
$259
Q3
$392
Q4
$2,553
Total
$3,427
2021: In fiscal 2021, HPE generated positive net income compared to a net loss in 2020. In 2021, the net earnings of HPE remained $3,427 million compared to a net loss of $(322) in 2020. The company generated the highest nearnings in the fourth quarter of 2021. Its net earnings during the fourt quarter of 2021 remained $2,553 million compared to $157 in the last quarter of 2020.