Feeds

HP storage revenue downturn? It's just a 'kink', says exec

A blip on the radar

Website security in corporate America

Analysis HP's first calendar 2014 quarter storage revenue downturn was a blip, according to the global head of its enterprise group – though analysts at IDC may not agree.

Bill Veghte, exec veep and GM of HP's Enterprise Group, was speaking about the calendar Q1 numbers that co-incide with HP's second fiscal quarter.

He told us the worst three months for juicy high-end storage for some years "was nothing more than a kink", before adding "we took share in storage".

Why did this blip happen? "[Our specialists] that follow the storage market say this happens periodically, this is not the first time, and they would generally attribute it to a set of inflection points - flash, some disk drive changes, and then of course cloud."

IDC in its Storage Tracker thought that the first calendar quarter of 2014 saw a virtual buyers' strike for high-end storage, which would chime in with Veghte's statement.

The beanie said the market as a whole declined 6.9 per cent year-on-year in revenue terms.

IDC said HP's revenue share for total storage products (internal and externally attached storage) declined by 8.8 per cent – more than the market. Only NetApp gained share in the quarter, according to IDC's number crunchers.

Bill Veghte

Bill Veghte

What can we deduce from a chart showing HP's quarterly storage revenues?

HP_storage_revenues

Since a revenue peak in the fourth fiscal 2011 quarter of $1.1bn, they have decreased - and a trend line demonstrates this. Fiscal 2013's fourth quarter stands out - $960m, better than the $950m in the earlier year. But otherwise the annual quarter storage revenue compares show what looks like a downward trend.

This chart refers to all of HP's storage revenues and not just the high end where HP's 3AR systems could well have taken share, as Veghte claimed. They and other HP storage products will have to take quite a lot of share though, to counter the overall trend in HP's storage revenues. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.