HP Outgrows Market, Continues to Rank No. 1 in Worldwide Total Disk Storage Systems Revenue

HP Outgrows Market, Continues to Rank No. 1 in Worldwide Total Disk Storage Systems Revenue

HP outgrew the total disk storage market by 4 percentage points in the second quarter of 2005, according to market data released today by IDC.(1) HP’s worldwide total disk storage systems factory revenue increased by 13.9 percent year-over-year for the quarter. Major new storage product releases and portfolio enhancements over the last several months helped HP maintain the No. 1 position in worldwide total disk storage revenue for the 13th consecutive quarter, with 23.5 percent market share and more than $1.3 billion dollars in revenue in a $5.6 billion market in the period.

The report also indicated that HP tied for the No. 1 position in revenue in the open storage area network (SAN) and iSCSI market with 24.8 percent market share. HP also held the No. 1 market position in total open SAN unit shipments. HP’s steady growth in the storage market is further illustrated by the latest quarterly financial results from HP, which showed that midrange storage revenues increased by 44 percent year-over-year, with the new HP Enterprise Virtual Array (EVA) family displaying strong market acceptance.(2)

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