HP Storage: Fiscal 4Q08 Financial Results

Revenues increased 13% for the quarter and the year.

This is a Press Release edited by StorageNewsletter.com on November 26, 2008 at 3:39 pm

HP StorageWorks financial results for the fiscal quarter and the year ending on October 31, 2008

(in US$ millions)	4Q07	4Q08	FY07	FY08
Revenues	1,015	1,147	3,706	4,205
*Growth*		+13%		*+13*%

(Source: HP)

Enterprise Storage and Servers (ESS) reported total revenue of $5.1 billion, down 1% for 4Q08. Storage revenue grew 13% led by 16% revenue growth in the midrange EVA product line and 9% revenue growth in the high-end XP product line.