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Hitachi Storage Systems: Fiscal 3Q11 Financial Results

Good quarter, bad outlook

We publish here only the results of Hitachi Ltd. for its storage subsystems during third fiscal quarter ended on December 31, 2011.

Storage system revenues of Hitachi and HDS

 in ¥ billion  3Q10
 3Q11 9 mo. 10
 9 mo. 11
 Revenues 87.0  94.0  235.0  261.0
 Growth from
previous  year
   8%
   11%
  (Source: Hitachi Ltd.)

Good quarter - up 12% sequentially - and nine-month periods for HDS in term of storage system revenues.

But for the next three-month period, the company expects sales of only ¥74 billion for this activity, a figure down 21% sequentially resulting in a small 4% increase for its full fiscal year's revenues.

This forecast is partly the result of HDD shortage even if HDS is a wholly-owned subsidiary of Hitachi as well as sister company Hitachi GST, manufacturer of disk drives.

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