Hitachi Data Systems hits 45 per cent growth in 2007 and hopes to keep momentum going in current year

Hitachi Data Systems (HDS), part of the Hitachi Storage Solutions Group, is looking to continue its robust growth in the Asean region in its fiscal year that started in April 2008.

Ravi Rajendran, Asean general manager of HDS, said that in fiscal 2007, the company achieved 45 per cent year-on-year growth in Asean.

“It’s a fantastic revenue scenario to be in,” he said. “We believe we can keep the growth momentum going during the current fiscal year.”

Hitachi Storage Solutions Group, which apart from HDS, comprises Hitachi’s storage business in Japan, recorded an 8 per cent increase in revenue to 361 billion yen (USS $4.61 billion) in fiscal 2007.

Rajendran said that last year the company won a record number of new customers in Asean.

“What’s important is that we grew much faster than the market and we believe we improved our market share substantially,” he said.

Software and services revenue constitute 48 per cent of HDS’ total revenue – and this is an area of growth for HDS in the Asean region.

Rajendran said that Hitachi continues to invest in innovation and will sink USD $2 billion worldwide in fiscal 2008 in storage solutions.

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