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Data storage market revenue up 3.5% in Q1

By Reuters
San Francisco, 07 Jun 2004

Revenue from worldwide sales of computer-disk storage systems rose 3.5% in the first quarter and global sales of external disk storage systems posted year-over-year revenue growth for the third consecutive quarter, market research firm International Data Corporation (IDC) said on Thursday.

External disk storage systems revenue rose 6.5% to $3.5 billion in the first quarter, IDC said, according to its worldwide quarterly disk storage systems tracker.

In that market, EMC took the number one spot from HP, fuelled by a 26% increase in year-over-year revenue and ended the quarter with 20.2% of the external disk storage system market as measured by revenue, IDC said.

HP`s revenue share fell to 18%, or $630 million in the first quarter, from 19.3%, or $634 million in the year-ago quarter. EMC had external disk storage systems revenue of $707 million in the quarter, up from $561 million, or 17.1% of that market a year ago.

In total disk storage systems revenue on a worldwide basis, HP remained at number one in the first quarter, with revenue of $1.18 billion, or 23.2% of that market. But that was down from $1.26 billion, or 25.6% of the market a year earlier.

IBM ranked second, gaining to $1.00 billion, or 19.7% of the market, from $903 million, or 18.4% of the market, a year ago, according to IDC.

EMC ranked third, while Dell`s revenue from disk storage systems climbed to $351 million in the fourth quarter, or 6.9% of the market, from $296 million, or 6%, a year earlier, IDC said.

Hitachi`s revenue rose slightly, with first-quarter disk storage systems revenue of $348 million, up from $335 million a year earlier and ranked fifth.

Sun Microsystems` disk storage systems revenue declined to $309 million, or 6.1% of the market, from $325 million, or 6.6%, a year earlier, IDC said.

Total sales of disk storage systems rose 3.5% to $5.09 billion from $4.91 billion a year earlier.

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