Hitachi Vantara Reports Significant Revenue Growth in Storage Market
Hitachi Vantara, a subsidiary of Hitachi, (TSE: 6501), reported significant growth in its data storage business for Q1 FY2024. The company saw a 27% increase in quarter-over-quarter product revenue growth, surpassing the market CAGR of 11.31%. The U.S. market experienced a 54% Q/Q increase. According to IDC, Hitachi Vantara achieved a 9.2% growth in revenue in the external enterprise storage system market in 2023.
The success is attributed to the launch of Hitachi Virtual Storage Platform One, which has secured over 65 unique customer deals since its April launch. The platform offers simplified infrastructure for mission-critical applications, focusing on data availability, resiliency, and reliability. It also features Dynamic Carbon Reduction technology, potentially reducing CO2 footprint by 30-40%.
Hitachi Vantara's partner network reported 106% growth in annual operating profit and 38% year-over-year revenue growth. The company's storage solutions were top-rated by ENERGY STAR® for performance and energy efficiency.
Hitachi Vantara, una filiale di Hitachi (TSE: 6501), ha riportato una crescita significativa nel suo business di storage dati per il primo trimestre dell'anno fiscale 2024. L'azienda ha registrato un aumento del 27% nel fatturato trimestrale dei prodotti, superando il CAGR di mercato dell'11,31%. Il mercato statunitense ha registrato un aumento del 54% rispetto al trimestre precedente. Secondo IDC, Hitachi Vantara ha ottenuto un aumento del 9,2% nel fatturato nel mercato dei sistemi di storage esterni per le imprese nel 2023.
Il successo è attribuito al lancio di Hitachi Virtual Storage Platform One, che ha assicurato oltre 65 affari unici da quando è stata lanciata ad aprile. La piattaforma offre un'infrastruttura semplificata per applicazioni mission-critical, focalizzandosi sulla disponibilità dei dati, resilienza e affidabilità. Include anche la tecnologia Dynamic Carbon Reduction, che potrebbe ridurre l'impronta di CO2 del 30-40%.
La rete di partner di Hitachi Vantara ha riportato un aumento del 106% nel profitto operativo annuale e un aumento del 38% nel fatturato anno su anno. Le soluzioni di storage dell'azienda sono state valutate ai massimi livelli da ENERGY STAR® per prestazioni ed efficienza energetica.
Hitachi Vantara, una subsidiaria de Hitachi (TSE: 6501), informó un crecimiento significativo en su negocio de almacenamiento de datos para el primer trimestre del año fiscal 2024. La compañía vio un aumento del 27% en los ingresos por productos en comparación con el trimestre anterior, superando el CAGR del mercado del 11.31%. El mercado estadounidense experimentó un aumento del 54% Q/Q. Según IDC, Hitachi Vantara logró un crecimiento del 9.2% en ingresos en el mercado de sistemas de almacenamiento externos para empresas en 2023.
El éxito se atribuye al lanzamiento de Hitachi Virtual Storage Platform One, que ha asegurado más de 65 acuerdos únicos desde su lanzamiento en abril. La plataforma ofrece una infraestructura simplificada para aplicaciones críticas de misión, enfocándose en la disponibilidad de datos, resiliencia y fiabilidad. También cuenta con la tecnología Dynamic Carbon Reduction, que puede reducir la huella de CO2 en un 30-40%.
La red de socios de Hitachi Vantara reportó un aumento del 106% en las ganancias operativas anuales y un crecimiento del 38% en los ingresos interanuales. Las soluciones de almacenamiento de la compañía fueron altamente valoradas por ENERGY STAR® por su rendimiento y eficiencia energética.
히타치 반타라(Hitachi Vantara), 히타치의 자회사(TSE: 6501)는 2024 회계 연도 1분기 데이터 저장 비즈니스에서 상당한 성장을 보고했습니다. 회사는 전분기 대비 제품 수익이 27% 증가하여 시장 CAGR인 11.31%를 초과했습니다. 미국 시장은 전분기 대비 54% 증가했습니다. IDC에 따르면, 히타치 반타라는 2023 외부 기업 저장 시스템 시장에서 수익이 9.2% 성장했습니다.
이번 성공은 히타치 가상 저장 플랫폼 원(Hitachi Virtual Storage Platform One)의 출시 덕분으로, 4월 출시 이후 65개 이상의 고유 고객 거래를 확보했습니다. 이 플랫폼은 데이터 가용성, 복원력 및 신뢰성에 중점을 두어 미션 크리티컬 애플리케이션을 위한 단순화된 인프라를 제공합니다. 또한 CO2 발자국을 30-40% 줄일 수 있는 Dynamic Carbon Reduction 기술을 특징으로 합니다.
히타치 반타라의 파트너 네트워크는 연간 운영 이익 106% 증가 및 전년 대비 38% 매출 증가를 보고했습니다. 회사의 저장 솔루션은 성능 및 에너지 효율성에 대해 ENERGY STAR®에서 최고 평가를 받았습니다.
Hitachi Vantara, une filiale de Hitachi (TSE: 6501), a annoncé une croissance significative de son activité de stockage de données pour le premier trimestre de l'année fiscale 2024. L'entreprise a enregistré une augmentation de 27% du chiffre d'affaires des produits par rapport au trimestre précédent, dépassant le CAGR du marché de 11,31%. Le marché américain a connu une augmentation de 54% d'un trimestre à l'autre. Selon IDC, Hitachi Vantara a réalisé une croissance de 9,2% du chiffre d'affaires sur le marché des systèmes de stockage externes pour entreprises en 2023.
Ce succès est dû au lancement de la Hitachi Virtual Storage Platform One, qui a sécurisé plus de 65 contrats clients uniques depuis son lancement en avril. La plateforme offre une infrastructure simplifiée pour les applications critiques, en se concentrant sur la disponibilité des données, la résilience et la fiabilité. Elle présente également une technologie de réduction dynamique du carbone, qui pourrait réduire l'empreinte CO2 de 30 à 40%.
Le réseau de partenaires de Hitachi Vantara a rapporté une augmentation de 106% des bénéfices d'exploitation annuels et une croissance du chiffre d'affaires de 38% d'une année sur l'autre. Les solutions de stockage de l'entreprise ont été très appréciées par ENERGY STAR® pour leurs performances et leur efficacité énergétique.
Hitachi Vantara, eine Tochtergesellschaft von Hitachi (TSE: 6501), berichtete im ersten Quartal des Geschäftsjahres 2024 von einem erheblichen Wachstum im Bereich Datenspeicherung. Das Unternehmen verzeichnete ein Wachstum der Produktumsätze von 27% im Quartalsvergleich, was die CAGR des Marktes von 11,31% übertraf. Der US-Markt erlebte ein Q/Q-Wachstum von 54%. Laut IDC erreichte Hitachi Vantara ein Umsatzwachstum von 9,2% im Markt für externe Unternehmensspeichersysteme im Jahr 2023.
Der Erfolg wird auf die Einführung der Hitachi Virtual Storage Platform One zurückgeführt, die seit ihrem Launch im April über 65 einzigartige Kundenverträge sichern konnte. Die Plattform bietet eine vereinfachte Infrastruktur für mission-critical Anwendungen und fokussiert sich auf Datenverfügbarkeit, Resilienz und Zuverlässigkeit. Zudem verfügt sie über die Dynamic Carbon Reduction-Technologie, die den CO2-Fußabdruck potenziell um 30-40% reduzieren kann.
Das Partnernetzwerk von Hitachi Vantara berichtete von einem 106%igen Wachstum beim jährlichen Betriebsgewinn und einem Umsatzwachstum von 38% im Vergleich zum Vorjahr. Die Speicherlösungen des Unternehmens wurden von ENERGY STAR® für Leistung und Energieeffizienz hoch bewertet.
- 27% increase in quarter-over-quarter product revenue growth, exceeding market CAGR of 11.31%
- 54% quarter-over-quarter increase in the U.S. market
- 9.2% growth in revenue in the external enterprise storage system market in 2023
- Over 65 unique customer deals for Virtual Storage Platform One since April launch
- 106% growth in annual operating profit for partner network
- 38% year-over-year revenue growth for partner network
- Top rankings in ENERGY STAR® for performance and energy efficiency in storage solutions
- Gold Medal rating for Sustainability from EcoVadis
- None.
The launch of Virtual Storage Platform One for Block, File, and SDS Cloud drove customer demand for simplified and streamlined hybrid cloud management
For more information on Hitachi Vantara's data storage and hybrid cloud offerings, visit: https://www.hitachivantara.com/en-us/products/storage-platforms
The continued success builds on Hitachi Vantara's broader growth in the overall storage market. According to IDC's "Worldwide External Enterprise Storage Systems Market Shares, 2023" (published May 2024), Hitachi Vantara achieved a +
These results are especially notable given the business challenges of managing complex data environments are growing rapidly due to the acceleration of AI and its impact on data infrastructure. One recent survey found that businesses expect the amount of data they use to double between 2023 and 2025. The report also found that six in 10 business leaders are already overwhelmed by the amount of data they store, and
"Businesses have long recognized the importance of future-proofing their infrastructure, but the rapid rise of GenAI has escalated this into an urgent priority," said Neil McGowan, Chief Revenue Officer for Hitachi Vantara. "As customer demands evolve and IT departments struggle to keep pace, Hitachi Vantara is empowering businesses to seize this pivotal moment. Our infrastructure portfolio, built for unmatched scalability, reliability, and performance, empowers customers to swiftly transform data into tangible financial gains, leverage automation to optimize processes, and flexibly scale their infrastructure, ensuring significant cost savings and an enhanced overall experience."
The Launch of a New, Sustainable Hybrid Cloud Data Platform
Much of this success has been driven by the recent availability of Hitachi Vantara's new unified, hybrid cloud data platform, Hitachi Virtual Storage Platform One. Despite only having launched in April, Virtual Storage Platform One already boasts more than 65 unique customer deals to date. Virtual Storage Platform One simplifies infrastructure for mission critical applications, with a focus on data availability and strong data resiliency and reliability measures including mitigation of risks such as downtime, productivity losses, and security threats and is available for Block, SDS Cloud, and File storage.
Notably, Virtual Storage Platform One Block also features Dynamic Carbon Reduction technology, reducing energy consumption by switching CPUs into eco-mode during periods of low activity. "Always on compression" allows the system to switch from inline data reduction to post processing which further reduces energy consumption and contributes to a lower CO2 footprint by as much as 30
"Hitachi Vantara's ability to develop a data infrastructure environment that is extremely reliable was a crucial factor in the selection process of our infrastructure modernization partners," said Alexandre Simcsik, Datacenter Operations Director, Cirion Technologies. "With Virtual Storage Platform One, we can easily scale as our customer demand grows without disruption or downtime so that we can continue to deliver on the business outcomes that our customers demand."
Sharing Success with Partners
Hitachi Vantara's partner network also saw substantial growth with Virtual Storage Platform One in the first quarter of 2024, reporting
"Partner success is integral to our growth, and the remarkable results from Virtual Storage Platform One underscore this perfectly," said Kimberly King, senior vice president of strategic partners and alliances at Hitachi Vantara. "Virtual Storage Platform One not only advances our partner program attributes of trust, profit, and sustainability, but it also empowers our partners to enhance their value propositions and achieve substantial growth. By leveraging our advanced, reliable, and scalable storage solutions, we are committed to supporting their success and helping them exceed their customers' expectations."
The announcement comes after Hitachi Vantara previously announced the completion of a strategic realignment designed to accelerate the company's growth plan with a focus on hybrid cloud and generative AI. Hitachi Vantara commands extensive infrastructure and data storage experience across hybrid cloud environments, as well as a shared focus on collaboration to drive meaningful business outcomes for the company's customers.
For more information on Hitachi Vantara's data storage, infrastructure, and hybrid cloud offerings, please visit: https://www.hitachivantara.com/en-us/products/storage-platforms.
Additional Resources
- Blog: Hitachi Vantara Sharpens its Edge: Strategic Leadership for the AI and Hybrid Cloud Era
- Blog: Virtual Storage Platform One Block: Simplicity, Sustainability and Performance
- Press Release: Hitachi Vantara Secures All Three of the Top Rankings for Best Storage Solutions Available Assessed by ENERGY STAR®
- Blog: Hitachi Vantara Awarded Gold Medal Rating for Sustainability by EcoVadis
- Press Release: Hitachi Vantara Doubles Down on its Enterprise Storage, AI, and Hybrid Cloud Business Through Strategic Realignment
Connect With Hitachi Vantara
About Hitachi Vantara
Hitachi Vantara is transforming the way data fuels innovation. A wholly owned subsidiary of Hitachi Ltd., Hitachi Vantara provides the data foundation the world's leading innovators rely on. Through data storage, infrastructure systems, cloud management and digital expertise, the company helps customers build the foundation for sustainable business growth. To learn more, visit www.hitachivantara.com.
About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company's revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled
HITACHI is a trademark or registered trademark of Hitachi, Ltd. All other trademarks, service marks, and company names are properties of their respective owners.
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SOURCE Hitachi Vantara
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