Hitachi Storage Systems: Fiscal 3Q11 Financial Results
This is a Press Release edited by StorageNewsletter.com on Mon, February 6th, 2012
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.
(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.
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% |
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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