HP: Fiscal 3Q15 Financial Results
Stagnation continues for storage.
By Jean Jacques Maleval | August 25, 2015 at 2:50 pm(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% |