25 unchanged sentences
Our future business and financial performance could suffer due to a variety of international factors, including:
−Removed: • ongoing instability or changes in a country’s or region’s economic or political conditions, including inflation, recession, interest rate fluctuations and actual or anticipated military or political conflicts, including uncertainties and instability in economic and market conditions caused by the COVID-19 pandemic and the Ukraine/Russia conflict;
+Added: • ongoing instability or changes in a country’s or region’s economic or political conditions, including inflation, recession, interest rate fluctuations and actual or anticipated military or political conflicts, including uncertainties and instability in economic and market conditions caused by the COVID-19 pandemic and the Russia/Ukraine conflict;
• inflationary pressures, such as those the market is currently experiencing, which may increase costs for materials, supplies, and services;
4 unchanged sentences
• differing technology standards or customer requirements;
+Added: • local content and manufacturing requirements, which could impact our ability to sell into those markets;
• difficulties associated with repatriating earnings in restricted countries, and changes in tax laws;
2 unchanged sentences
For example, we rely on suppliers in Asia for product assembly and manufacture.
−Removed: The Ukraine/Russia conflict could impact business and financial performance in that region.
−Removed: We are closely monitoring the political and economic situation and have taken several measures, including cash repatriation and ruble hedging, to proactively manage the risk.
−Removed: In addition, sanctions imposed on Russia could impact the fulfillment of existing orders, any future revenue streams from impacted customers, and the recoverability of certain financial assets.
−Removed: Our mitigation activities will continue to progress to address the evolving risks.
+Added: The Russia/Ukraine conflict has impacted business and financial performance in that region.
+Added: HPE is proceeding with an exit of our remaining business in Russia and Belarus.
We implement policies, procedures and training designed to facilitate compliance with anti-corruption laws around the world, including the U.S.
2 unchanged sentences
Our employees and third parties we work with may take actions in violation of our policies, and those actions could have an adverse effect on our business and reputation.
+Added: The revenue and profitability of our operations have historically varied, which makes our future financial results less predictable.
+Added: Our revenue, gross margin and profit vary among our diverse products and services, customer groups and geographic markets and therefore will likely be different in future periods than our historical results.
+Added: Our revenue depends on the overall demand for our products and services.
+Added: Delays or reductions in IT spending by our customers or potential customers could have a material adverse effect on demand for our products and services, which could result in a significant decline in revenue.
+Added: In addition, revenue declines in some of our businesses may affect revenue in our other businesses as we may lose cross-selling opportunities.
+Added: Overall gross margins and profitability in any given period are dependent partially on the product, service, customer and geographic mix reflected in that period’s net revenue.
+Added: The conflict between Russia and Ukraine and the trade sanctions imposed by the U.S., European Union (E.U.) and other countries in response have negatively impacted our operations and financial performance in both countries.
+Added: There could be additional negative impacts to our net revenues, earnings and cash flows should the situation escalate beyond its current scope, including, among other potential impacts, economic recessions in certain neighboring countries or globally, due to inflationary pressures and supply chain cost increases or the geographic proximity of the war relative to the rest of Europe.
+Added: Competition, lawsuits, investigations, increases in component and manufacturing costs that we are unable to pass on to our customers, component supply disruptions and other risks affecting our businesses may have a significant impact on our overall gross margin and profitability.
+Added: Variations in fixed cost structure and gross margins across business units and product portfolios may lead to significant operating profit volatility on a quarterly or annual basis.
+Added: In addition, newer geographic market opportunities may be relatively less profitable due to our investments associated with entering those markets and local pricing pressures, and we may have difficulty establishing and maintaining the operating infrastructure necessary to support the high growth rate associated with some of those markets.
+Added: Market trends, industry shifts, competitive pressures, commoditization of products, increased component or shipping costs, regulatory impacts and other factors may result in reductions in revenue or pressure on gross margins of certain segments in a given period, which may lead to adjustments to our operations.
+Added: Moreover, our efforts to address the challenges facing our business could increase the level of variability in our financial results because the rate at which we are able to realize the benefits from those efforts may vary from period to period.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.