Hitachi Storage Systems: Fiscal 3Q11 Financial Results

Good quarter, bad outlook

This is a Press Release edited by StorageNewsletter.com on February 6, 2012 at 3:07 pm

We publish here only the results of Hitachi Ltd.
for its storage subsystems during third fiscal quarter ended on December 31, 2011.

Storage system revenues of Hitachi and HDS

in ¥ billion	3Q10	3Q11	9 mo. 10	9 mo. 11
Revenues	87.0	94.0	235.0	261.0
Growth from previous year		8%		11%

(Source: Hitachi Ltd.)

Good quarter – up 12% sequentially – and nine-month periods for HDS in term of storage system revenues.

But for the next three-month period, the company expects sales of only
¥74 billion for this activity, a figure down 21% sequentially resulting
in a small 4% increase for its full fiscal year’s revenues.

This forecast is partly the result of HDD shortage even if HDS is a
wholly-owned subsidiary of Hitachi as well as sister company Hitachi
GST, manufacturer of disk drives.

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