HP: Fiscal 3Q12 Financial Results

                HP Storage Revenue*

 * without software and services

Hewlett-Packard Development company, L.P. announced financial results for its third fiscal quarter ended July 31, 2012. For the quarter, revenue of $29.7 billion was down 5% year over year.

Enterprise Servers, Storage and Networking (ESSN) revenue declined 4% year over year with a 10.9% operating margin. Networking revenue was up 6%, industry standard servers revenue was down 3%, business critical systems revenue decreased 16%, and storage revenue declined 5% year over year – and 7% quarterly.

Catherine Lesjak, CFO, commented: "In storage, the continued strong performance of 3PAR with more than 60% growth and StoreOnce with double-digit growth did not offset the decline in EVA and tape revenue. External disk revenue was flat year-over-year, and total storage revenue was down 5% year-over-year. Overall, business critical cystems revenue declined 16% year-over-year."

You have to come back two years ago (3FQ10) to see lower storage sales for the company no more successful than Dell in this activity but with around two times more revenue per quarter.

  HP Storage Revenue in $ Million

To read the earnings call transcript