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HDS/Hitachi: FY13 Financial Results Ended March 31, 2014

Yearly revenue of storage solutions up 16%

HDS is currently an exception in the storage industry, being one of the rare storage giants growing rapidly.

For parent company Hitachi’s fiscal year 2013 ended March 31, 2014, revenue of storage solutions of HDS and in Japan increased 16% from $3.68 billion to $4.26 billion Y/Y. (at the rate of ¥103 per US dollar on the Tokyo Foreign Exchange Market as of March 31, 2014)

But forecast is less optimistic: only 3% growth for the next six months ended September 2014 and for the following fiscal year.

 Storage Solutions

 (in ¥ billion) FY12  FY13 Forecast 6 mo.
ended September 30 2014
Forecast
FY14
 Revenue HDS+Japan
379  439 205 450
 Growth    16% 3% 3%

Storage hardware
(including disk array systems, etc.)

 (in ¥ billion) FY12  FY13
 Revenue Hitachi
202.4  225.5
 Growth    11%

 

 

 

 

 

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