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    • Storage Station

    Storage Earnings Going Nowhere but Up, Up and Away

    Written by

    Chris Preimesberger
    Published April 25, 2008
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      The Station never fails to be amazed at the amount of money being made throughout this sector.

      EMC on Wednesday, April 23, turned in a report card showing a cool $3 billion in quarterly revenue — a good deal of profit included. Hewlett-Packard’s Enterprise Storage and Servers division reported Q1 revenue of $4.8 billion, up 9 percent over the prior-year period — fueled by its new storage blades, which grew 81 percent in revenue.

      NetApp is expected to report good things on May 21. Storage divisions of Dell, Fujitsu, Hitachi and Sun Microsystems should post good numbers this quarter, too.

      A few more storage sector earnings news bits from this week:

      —Data Domain, of Santa Clara, Calif., saw its revenue for Q1 FY08 rise to $52.6 million, an increase of 17 percent from the fourth quarter of 2007 and a cool $5 million more than Wall Street projections. The company’s revenues increased 160 percent from Q1 FY07 to Q1 FY08.

      —FalconStor, of Melville, N.Y., reported 33 percent growth over Q107 ($21 million vs. $16 million) and a whopping 306 percent growth in operating income over a year ago. Looks like its OEM deals with Sun Microsystems and others are going quite well.

      –Hard drive maker Western Digital, of Lake Forest, Calif., reported a bang-up Q1, bringing in $2.11 billion — $600,000 over Wall Street projections.

      –Hard drive maker Seagate Technology, of Scotts Valley, Calif., reported a full 10 percent rise in revenues for its Q3 to $3.10 billion from $2.83 billion in the prior year quarter.

      How long can this continue? Indefinitely, we’re told. The increase in the amount of data being stored isn’t slowing down one iota.

      Chris Preimesberger
      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.
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