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HP: Fiscal 3Q12 Financial Results
By Jean-Jacques Maleval, Fri, August 24th, 2012
Decline in EVA and tape not compensating 60% 3par growth
| in US$ million | 3Q11 |
3Q12 |
9 mo. 11 |
9 mo. 12 |
| Revenues | 976 | 924 | 2,968 | 2,869 |
| Growth | -5% |
-3% |
Hewlett-Packard Development company, L.P. announced financial results for its third fiscal quarter ended July 31, 2012. For the quarter, revenue of $29.7 billion was down 5% year over year.
Enterprise Servers, Storage and Networking (ESSN) revenue declined 4% year over year with a 10.9% operating margin. Networking revenue was up 6%, industry standard servers revenue was down 3%, business critical systems revenue decreased 16%, and storage revenue declined 5% year over year - and 7% quarterly.
Catherine Lesjak, CFO, commented: "In storage, the continued strong performance of 3PAR with more than 60% growth and StoreOnce with double-digit growth did not offset the decline in EVA and tape revenue. External disk revenue was flat year-over-year, and total storage revenue was down 5% year-over-year. Overall, business critical cystems revenue declined 16% year-over-year."
You have to come back two years ago (3FQ10) to see lower storage sales for the company no more successful than Dell in this activity but with around two times more revenue per quarter.
HP Storage Revenue in $ Million
| Fiscal Quarter |
Revenue |
Q/Q Growth |
| 4Q09 | 918 | 11% |
| 1Q10 | 889 | -3% |
| 2Q10 | 948 | 7% |
| 3Q10 | 904 | -5% |
| 4Q10 | 1,044 | 15% |
| 1Q11 | 1,012 | -3% |
| 2Q11 | 980 | -3% |
| 3Q11 | 976 | -0% |
| 4Q11 | 1,088 | 11% |
| 1Q12 | 955 | -12% |
| 2Q12 | 990 | 4% |
| 3Q12 | 924 | -7% |
To read the earnings call transcript
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COMPLETE STORAGE
START-UP DATABASE
It contains more than 350 current
storage start-ups in the world
(2/3 in USA), with, for each firm:
- Company name,
- Headquarters, web site, CEO
- Year founded,
- Business activity,
- Yearly financial funding
and total received,
- Classification by sector.