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HP: Fiscal 3Q15 Financial Results

Stagnation continues for storage.

(in $ million) 3Q14 3Q15 9 mo. 14 9 mo. 15
Storage revenue 796 785 2,438 2,361
Growth   -2%   -3%

Hewlett-Packard Development Company, LP reported financial results for its fiscal 2015 third quarter ended July 31, 2015

For storage products only, revenue, at only $784 million, was up 6% Q/Q and down 2% Y/Y. For the nine months, sales decreased 3%.

Storage at HP continues to stagnate globally with converged revenue (3Par) of $393 million, up yearly 8% during the quarter, and traditional storage sales at $391 million, down 9%.

Storage continues to represent 11% of Enterprise Group revenue that was up 2% year over year with a 13% operating margin. Industry standard servers revenue was up 8% and business critical systems revenue was down 21%.

Quarterly revenue for HP storage only
(without services, in $ million)

Quarter
Revenue
Q/Q
Growth
1Q13 833 -12%
2Q13 857 3%
3Q13 833 -3%
4Q13 952 14%
1Q14 834 -12%
2Q14 808 -3%
3Q14 796 -1%
4Q14 878 10%
1Q15 837 -5%
2Q15 740 -12%
3Q15 784 6%

 

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