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HP: Fiscal 2Q09 Financial Results

Storage declined 22%.

HP
announced financial results for its second fiscal quarter ended April
30, 2009, with net revenue of $27.4 billion, down 3% from a year
earlier. Enterprise storage and server revenue was $3.5 billion, down 28% year-over-year. Storage revenue declined 22% with the midrange EVA product line down 21%. For the six month period ending April 30, storage sales decreased 15%, from $2,020 million to $1,731 million.

For storage only (without services)

(in $ millions) 2Q08   1Q09  2Q09
 Revenues 1,043  913  818
 Q/Q growth         -10%
 Y/Y growth      
 -22%

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