Despite rumblings of a storage slowdown, HP reported a solid set of fourth quarter results last night, posting revenues of $28.3 billion, up 15 percent on the same period last year.
The vendor's quarter four revenues easily beat analyst estimates of $27.4 billion and its earnings also surpassed Wall Street's expectations. On a GAAP basis, HP's earnings were 81 cents on net income of $2.6 billion, up from 60 cents in the same period last year.
HP's non-GAAP earnings were 86 cents on net income of $2.3 billion, compared to 68 cents in the prior-year period, and well above analyst estimates of 82 cents.
Speaking on a conference call last night, HP's CEO Mark Hurd explained that the firm's storage business is heading in the right direction. "Organically, our position improved," he said, pointing to 17 percent year-over-year growth in the vendor's midrange EVA systems."
HP's Enterprise Servers and Storage division continued to report solid growth, posting revenues of $5.2 billion, up 10 percent on the same period last year. Storage revenues grew 7 percent year-over-year, with revenue growth of 6 percent in external disk storage.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
