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HP: Storage still down, still bullish on 3PAR

Hewlett-Packard’s storage revenue last quarter fell eight percent from last year, prompting CFO Cathy Lesjak to declare: “We need to improve sales execution in storage.”

But Lesjak and CEO Meg Whitman indicated on HP’s earnings report call that they stand behind its storage product portfolio, especially its 3PAR StoreServ arrays.

“We remain very well-positioned with our 3PAR platform, which grew year-over-year, and we expect to gain share as the market moves to the mid-tier,” Whitman said.

HP’s storage revenue was $878 million for the quarter. Whitman called out 3PAR’s all-flash arrays as reason for optimism, and said HP should also benefit from the shift in the market from high end to mid-range storage systems.

Still, HP’s converged storage –- 3PAR, StoreVirtual, StoreOnce Backup and StoreAll archiving–- declined three percent from last year. Combined revenue from 3PAR and HP’s legacy midrange EVA system also fell six percent.

“We will continue to focus on driving growth in the 3PAR portfolio, including all flash arrays, to outpace declines of older technology,” Lesjak said when running down HP’s priorities for this quarter.

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