HDS: Fiscal 1Q12 Financial Results (Ended June 2012)

By Jean-Jacques Maleval, Wed, August 1st, 2012

Flat revenue for the quarter and also expected for the year

Hitachi announced its financial results for the fiscal 1Q12 ended June 30, 2012.

For storage, consolidated revenue for HDS + Japan were 1.047 billion in US dollars, up 2% year on year, and 84 billion on a Yen basis, up 1% from 83 billion one year ago.

It's the highest revenue for a first quarter of fiscal year in HDS history.

For 1Q12 and Y/Y, according to the company:

Concerning hardware:

Enterprise storage decreased in the low single digits
Modular line decreased in the low teens
Hitachi File and Content portfolio grew in the high seventies
Hitachi Content Platform grew in the low teens
Hitachi NAS platform grew in the low one hundreds

Concerning software (without OEM revenue)

Total software and services revenue was up in the mid single digits
Software revenue decreased in the high single digits
Services revenue were up in the low teens

Per geographic areas:

Americas revenue grew 4%
EMEA revenue decreased 6%
APAC (without Japan) revenue grew 9%

Hardware represented 55% of global sales, software 15% and services 30% during the quarter.

For the six-month period ended September 30, 2012, Hitachi forecasts sales for HDS + Japan at ¥170.0 billion or an increase of only 2% Y/Y. For its current fiscal year, revenue is expected to be ¥360.0 billion for yearly growth at no more than 3%.

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