HDS: Fiscal 1Q12 Financial Results (Ended June 2012)

Hitachi announced its financial results for the fiscal 1Q12 ended June 30, 2012.

For storage, consolidated revenue for HDS + Japan were 1.047 billion in US dollars, up 2% year on year, and 84 billion on a Yen basis, up 1% from 83 billion one year ago.

It’s the highest revenue for a first quarter of fiscal year in HDS history.

For 1Q12 and Y/Y, according to the company:

Concerning hardware:

• Enterprise storage decreased in the low single digits
• Modular line decreased in the low teens
• Hitachi File and Content portfolio grew in the high seventies
• Hitachi Content Platform grew in the low teens
• Hitachi NAS platform grew in the low one hundreds

Concerning software (without OEM revenue)

• Total software and services revenue was up in the mid single digits
• Software revenue decreased in the high single digits
• Services revenue were up in the low teens

Per geographic areas:

• Americas revenue grew 4%
• EMEA revenue decreased 6%
• APAC (without Japan) revenue grew 9%

Hardware represented 55% of global sales, software 15% and services 30% during the quarter.

For the six-month period ended September 30, 2012, Hitachi forecasts sales for HDS + Japan at ¥170.0 billion or an increase of only 2% Y/Y. For its current fiscal year, revenue is expected to be ¥360.0 billion for yearly growth at no more than 3%.