HDS + Japan: Fiscal 3Q12 (Ended in December) Financial Results

Hitachi Ltd. announced financial results for the second quarter of fiscal 2012 ended December 31, 2012.

The figures are relatively flat and far from what recorded its main competitor EMC for the same period, but better than IBM.

   Storage Revenue in $ Million

For its storage solutions from HDS and in Japan, sales for the last three-month period were $1,207 million down 1% Y/Y on a dollar basis – and up 4% sequentially – and increased 4% yearly on a yen basis (exchange rate of ¥81.17 per $).

For its fiscal year ending in March 2013, the company expects a growth of 5% on a yen basis.

The Japanese firm didn’t reveal any figure demonstrating the profitability of its storage business.

For HDS only, without OEM revenue or Japan domestic sales, revenue was up 3% yearly in 3Q12. America grew 1%, EMEA 3% and AsiaPac 12%. Hardware represented 55%, software 15% and services 30%.

The company stated it achieved Y/Y growth
across its entire File and Content portfolio:

• Hitachi File and Content Portfolio grew in the low thirties
• Hitachi Content Platform in the low single digits
• Hitachi NAS in the high thirties

For its enterprise storage business were:

• Total hardware revenues grew in the low single digits
• HDS enterprise storage grew in the low teens
• HDS Modular Storage decreased in the low single digits

Software and services revenues
were up in the low single digits:

• Software decreased in the high single digits
• Services were up in the low teens