HP: Fiscal 4Q10 Financial Results

Storage products up 15% for the quarter and 9% for the year

This is a Press Release edited by StorageNewsletter.com on November 23, 2010 at 3:39 pm

Storage products only (without software and services)

(in $ millions)	4Q09	3Q10	4Q10
Revenues	918	904	1,044
*Q/Q growth*			15%
Y/Y growth			14%

HP announced financial results for its fourth fiscal quarter ended October 31, 2010.

Storage products reported revenue of $1,044 million for the quarter, compared to $918 million one year ago, or up 15%, and $904 million for the former three-month period, increasing 2%.

For fiscal year the figure is 3,785 million, up 9% from one year ago (3,473 million).

Next quarter’s financial results will be more interesting to look at as it will include 3par.