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HP: Fiscal 3Q09 Financial Results

Storage revenues down 21% from last year, but stabilizing on a quarterly basis

For storage only (without services)

(in $ millions) 3Q08   2Q09  3Q09
 Revenues 1,038  818  820
 Q/Q growth         -21%
 Y/Y growth      
 +0%

 

HP announced financial results for its third fiscal quarter ended July 31, 2009, with net revenue of $27.5 billion, down 2% from the prior year.

Enterprise storage and server revenue was $3.7 billion, down 23% year-over-year.

Storage revenue declined 21%, with the midrange EVA product line down 23%. For the nine month period ending July 31, storage sales decreased 17%, from $3,058 million to $2,551 million.
                                      

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