HP: Fiscal 3Q10 Financial Results

Storage down 5% sequentially, up 10% year-to-year

By Jean Jacques Maleval | August 20, 2010 at 3:20 pm

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Storage only (without services)

(in $ millions)	3Q09	2Q10	3Q10
Revenues	824	948	904
*Q/Q growth*			-5%
Y/Y growth			10%

HP announced financial results for its third fiscal quarter ended July 31, 2010.

Storage reported revenue of $904 million for the quarter, compared to $824 million one year ago, or up 10%, and $948 million for the former three-month period, down 5%.

For the nine month period, the figure is $2,741 million, increasing 7% for the same period one year ago ($2,555 million).

Comments

Abstracts of the earnings call transcript:

Cathie Lesjak, CFO and Interim CEO:
"Storage revenue increased 10% from the prior year, with triple-digit growth in our scale out iSCSI products based on technology acquired from LeftHand Networks."

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