HP storage unit battered as buyers dodge EVA, tape

3PAR and StoreOnce stars shine bright


HP's storage results sank 5 per cent year-on-year in its latest quarter due to declining EVA array and tape product revenues.

CFO Cathy Lesjak said in the earnings call: "In Storage, the continued strong performance of 3PAR with more than 60 per cent growth and StoreOnce with double-digit growth did not offset the decline in EVA and tape revenue. External disk revenue was flat year-over-year, and total Storage revenue was down per cent year-over-year. "

EVA is HP's long-standing mid-range modular disk drive array, which occupies a position in the market not available to HP's acquired 3PAR drive array technology, which is used to build larger and faster arrays generally.

HP pulled in $924m from its storage products, which compares to $990m in the previous quarter and $976m a year ago. A chart of its quarterly storage revues shows pronounced seasonal patterns and a possibility that storage revenues for this fiscal year could be lower than those last year.

Quarterly HP Storage trends to Q3 fy2012

Lesjak did not mention the P4000 iSCSI array business, nor the high-end P9000 XP arrays, OEM'd from Hitachi, nor the IBRIX scale-out filers. Like Dell with its bought-in EqualLogic iSCSI array technology, HP is not seeing much growth from its bought-in P4000 (LeftHand) iSCSI array technology. The all-flash version may change that.

The company is in a transition and engineering developments of the 3PAR, StoreOnce, IBRIX, object and memristor technologies are needed to offset the declines in EVA arrays, and LTO and DAT tape. It is lacking its own flash storage technologies outside the arrays and this may be an area of concern. ®

Similar topics

Narrower topics


Other stories you might like

  • It's 2022 and there are still malware-laden PDFs in emails exploiting bugs from 2017
    Crafty file names, encrypted malicious code, Office flaws – ah, it's like the Before Times

    HP's cybersecurity folks have uncovered an email campaign that ticks all the boxes: messages with a PDF attached that embeds a Word document that upon opening infects the victim's Windows PC with malware by exploiting a four-year-old code-execution vulnerability in Microsoft Office.

    Booby-trapping a PDF with a malicious Word document goes against the norm of the past 10 years, according to the HP Wolf Security researchers. For a decade, miscreants have preferred Office file formats, such as Word and Excel, to deliver malicious code rather than PDFs, as users are more used to getting and opening .docx and .xlsx files. About 45 percent of malware stopped by HP's threat intelligence team in the first quarter of the year leveraged Office formats.

    "The reasons are clear: users are familiar with these file types, the applications used to open them are ubiquitous, and they are suited to social engineering lures," Patrick Schläpfer, malware analyst at HP, explained in a write-up, adding that in this latest campaign, "the malware arrived in a PDF document – a format attackers less commonly use to infect PCs."

    Continue reading
  • Warren Buffett's Berkshire Hathaway buys 11.4% stake in HP
    Even notoriously tech averse stock market gambler can't resist piece of pandemic-boosted PC extravaganza

    Warren Buffett's Berkshire Hathaway has taken up a double-digit stake in PC and print biz HP Inc's stock worth about $4.2 billion, a move that sent the company's share price up by 10 percent.

    The purchase, confirmed in a SEC filing by the investment vehicle on 6 April, saw roughly 121 million HP shares shift over to the new owner in what can be seen as a vote of confidence in the residual value of HP. This equates to a circa 11.4 percent ownership of the company.

    "Berkshire Hathaway is one of the world's most respected investors and we welcome them as an investor in HP," the world's largest printer and second largest PC brand said.

    Continue reading
  • HP bets big on future of hybrid work with $3.3bn Poly buy
    Plantronics and Polycom have a new parent company

    HP Inc sees the future of its business as one supporting a workforce partially based at home and partially in the office, and appears to have bought office telecom giant Poly for that reason.

    Formerly known as Plantronics, Poly changed its name shortly after it acquired Polycom in 2018. HP didn't mention in its acquisition announcement whether or not it would keep the Poly brand separate, but it's still early: the deal is not expected to close until the end of the 2022 calendar year. 

    HP described the $3.3 billion purchase ($40 per share) as a bid to refocus its portfolio on growth and take advantage of what it said is a massive growth opportunity due to the likely permanence of hybrid work. 

    Continue reading

Biting the hand that feeds IT © 1998–2022