HDS: Fiscal 4Q11 Financial Results, for Period Ending March 31, 2012

Hitachi Data Systems reported its financial results for its fourth quarter (Q4FY11) and the year ending March 31, 2012.

Highlights of FY11

• Highest revenues in company history
• Consolidated revenues for FY11 at $4.443 billion U.S. dollars, up 15% from FY10*
• On yen basis, ¥351 billion for FY11, up 9% Y/Y (exchange rate of ¥79.08 per $) from ¥322 billion
• Hitachi Content Platform** grew in the high sixties Y/Y
• Hitachi NAS Platform** grew in the high thirties Y/Y

Highlights of Q4FY11

• Highest revenue for fourth quarter in HDS history*
• Consolidated revenues  (HDS + Japan) at $1.135 billion, up 9% Y/Y
• On a yen basis, ¥90 billion in the fourth quarter, up 3% Y/Y (exchange rate of ¥79.28 per $)

From Q4FY10 to Q4FY11

• Americas revenues grew 16%
• EMEA revenues grew 6%
• APAC** revenues grew 3%
• Approximately 55% in hardware, 15% in software and 30% in services (consolidated revenues)

*Based on Hitachi consolidated revenue.
**Number excludes Japan domestic sales.

Y/Y Growth

• Total hardware revenues* increased in high single digits
• Enterprise storage increased in high thirties
• Modular Line decreased in high twenties

Strong Y/Y Growth Across File and Content portfolio

• Hitachi File and Content Portfolio** grew in high fifties
• Hitachi Content Platform** grew in high seventies
• Hitachi NAS Platform** grew in mid fifties

*The hardware numbers do not include OEM revenues.
**Number excludes associated storage drag.

Software and Services From Q4FY10

• Revenues up in the low teens
• Software revenues* up in high single digits
• Services revenues were up in mid teens

*The software numbers do not include OEM revenues.

Expectations for Fiscal Year 2012

• Revenues of ¥167 billion for the first six-month period ended in September 2012, flat compared to one year ago
• Revenues of ¥355 billion for the year, up +1%

Headquartered in Santa Clara, CA, HDS employs more than 5,700 employees worldwide.