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Hitachi: Fiscal 3Q14 Financial Results

Storage up 11% Y/Y on yen basis, best growth among storage giants

Hitachi, Ltd. announced the financial results of third fiscal quarter fiscal year ended December 31, 2014.

Revenue of Hitachi’s storage solutions
(in ¥ billion)

3Q13 3Q14 Growth 9 mo. 2013 9 mo. 2014 Growth
123 136 11% 323 354 10%

The company registered the most growing rate among biggest storage companies with revenue up 11% Y/Y for its most recent quarter and up 10% quarterly for storage solutions comprising HDS and Japanese business, and 10% for the first nine months of fiscal year.

For fiscal year ended next March, Hitachi expects a yearly growth of 7% at ¥470 billion or $3,946 million, consolidating its worldwide third position after EMC and NetApp, as well as gaining market shares.

Revenue* for calendar 4Q14

  Revenue Y/Y growth
EMC 4,835 3%
NetApp** 1,543 0%
HDS 1,142 11%
HP*** 878 -8%
IBM 864 -8%

* for storage only, in $ million
** 4Q ended October 24, 2014
*** 4Q ended October 31, 2014

 

 

 

 

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