You should wonder why analysts feel the need to make excuses for HP Storage Part 2: here’s the data you asked for

Storage Growth Rates Sep 15 1280x720Some folks asked to see the year-over-year revenue growth for storage and here it is. It’s all sourced from the companies’ 10-Q submissions and compares product revenue (not software or services). You can see HP Storage (thick brown line) along the bottom with IBM Storage (thin black line) with mostly negative growth since 2011. The crossover in the last quarter’s results are highlighted in a red ellipse. Lipstick red. Does this really qualify as a turning the corner?

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