{"id":30527,"date":"2014-09-08T07:17:48","date_gmt":"2014-09-08T11:17:48","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=30527"},"modified":"2014-09-08T07:17:48","modified_gmt":"2014-09-08T11:17:48","slug":"hewlett-packard-company-nysehpq-the-sole-gainer-of-global-external-disk-storage-systems-market-in-2q","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/hewlett-packard-company-nysehpq-the-sole-gainer-of-global-external-disk-storage-systems-market-in-2q-30527","title":{"rendered":"Hewlett-Packard Company (NYSE:HPQ): The Sole Gainer Of Global External Disk Storage Systems Market In 2Q"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/08\/2014 (wallstreetpr) \u2013<strong>\u00a0<\/strong>Technologies, software, solutions and services provider <strong>Hewlett-Packard Company (NYSE:HPQ)<\/strong> was the only gainer among the top five companies to gain from the global external disk storage system market during the second quarter despite 1.4% drop in the overall market.<\/p>\n<p style=\"text-align: justify;\"><strong>HP Gains<\/strong><\/p>\n<p style=\"text-align: justify;\">Hewlett-Packard Company (NYSE:HPQ)\u2019s revenues from the external disk storage system rose modestly to $596 million in the second quarter from $594 million in the year-ago period, representing 40 basis points improvement, a data from <a href=\"http:\/\/www.idc.com\/getdoc.jsp?containerId=prUS25078714\">International Data Corporation<\/a> indicated. On market share basis, it rose by ten basis points to 10.1% from 10.0% during the same period under review and remained at the fourth place.<\/p>\n<p style=\"text-align: justify;\"><strong>EMC Corporation (NYSE:EMC)<\/strong>, which is a market leader, suffered a 5.2% drop in revenue to $1.76 billion from $1.86 billion in the same quarter last year. This, in turn, dragged down its market share to 30.1% from 31.2% in the previous year quarter.<\/p>\n<p style=\"text-align: justify;\">Similarly, <strong>NetApp Inc. (NASDAQ:NTAP)<\/strong> also witnessed 3.0% fall in revenue to $765 million from $789 million while market share slackened to 13.0% from 13.2%. Another company, <strong>International Business Machines Corp. (NYSE:IBM)<\/strong> recorded 4.7% drop in revenue to $712 million from $747 million whereas its market share dipped by 40 basis points to 12.1% from 12.5% during the period under review.<\/p>\n<p style=\"text-align: justify;\">Dell, which is placed fifth, suffered 1% fall in revenue to $425 million from $429 million while its market remained at 7.2%.<\/p>\n<p style=\"text-align: justify;\"><strong>Total Disk Storage Market<\/strong><\/p>\n<p style=\"text-align: justify;\">In the total disk storage system market also, Hewlett-Packard Company (NYSE:HPQ)\u00a0managed to post 4.7% uptick in revenue to $1.36 billion from $1.3 billion while its market share advanced to 17.5% from 16.8% in the year-ago quarter. The company has also retained its second position in terms of market share.<\/p>\n<p style=\"text-align: justify;\">EMC, IBM, Dell, and NetApp have all recorded downtick in revenue by 5.2%, 4.3%, 5.9%, and 3.0% respectively. Similarly, their market share also dipped to 22.7% from 24.0%, 12.9% from 13.5%, 11.4% from 12.2% and 9.8% from 10.2% respectively.<\/p>\n<p style=\"text-align: justify;\"><strong>Overall Market<\/strong><\/p>\n<p style=\"text-align: justify;\">The overall market for global external disk storage system witnessed 1.4% drop in revenue to $5.87 billion from $5.95 billion whereas total market global disk storage system managed to post 0.3% growth to $7.78 billion from $7.76 billion in the previous year quarter.<\/p>\n<p style=\"text-align: justify;\">IDC cited weak demand for the market sluggishness as high-end store sales continued its downtick for the fourth straight quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/08\/2014 (wallstreetpr) \u2013\u00a0Technologies, software, solutions and services provider Hewlett-Packard Company (NYSE:HPQ) was the only gainer among the top five companies to gain from [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":19727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1053,2173,1613,1797,751,6837,753,1051],"stock_ticker":[],"class_list":["post-30527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nyseibm","tag-emc-corporation-nyseemc","tag-hewlett-packard-company-nysehpq","tag-international-business-machines-corp-nyseibm","tag-nasdaqntap","tag-netapp-inc-nasdaqntap","tag-nyseemc","tag-nysehpq","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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