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28May/13Off

3PAR up 82% YoY – $1 Billion run rate

I came across this article on The Register which covered some of HP's storage woes (short story: legacy storage is nose diving and 3PAR is shining). El Reg linked to the conference call transcript and I just ran a quick keyword search for 3PAR and saw this

This has been one of our most successful product introductions and 3PAR has now exceeded the $1 billion run-rate revenue mark.

[..]

Converged storage products were up 48% year-over-year and within that 3PAR was up 82%

Congratulations 3PAR! Woohoo! All of us over here at Techopsguys are really proud of you - keep up the good work! <voice="Scotty">Almost brings a tear to me eye.</voice>

For a comparison, I dug up the 3PAR results on archive.org for the quarter immediately previous to them being acquired:

3PAR® (NYSE: PAR), the leading global provider of utility storage, today reported results for the first quarter of fiscal year 2011, which ended June 30th, 2010. Revenue for the first quarter was $54.3 million, an increase of 22% as compared to revenue of $44.5 million for the same period in the prior year, and an increase of 1% as compared to $53.7 million in the prior quarter, which ended March 31st, 2010.

I can't help but wonder how well Compellent is doing for Dell these days by contrast, since Dell withdrew from the bidding war for 3PAR with HP and went for them instead.. (side note: I once saw some value in Compellent as an alternative to 3PAR but that all went away with the 3PAR 7000-series.). I looked at the transcript for Dell's latest conference call and the only thing they touch about storage is declines of 10%, no mention of any product lines as far as I could tell.

TechOps Guy: Nate

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  1. as always, the devils in the details, how much of that bump was the huge cut-over of legacy EVA customers who moved onto the 7000 series? I’d guess there were well over 8k existing customers with impending support expiration that simply moved over to the new platform (the reason the first 90 days of their migration tool was free). To me thats a one time pop in sales, and isn’t what I would consider run-rate business. Check back next quarter/next year to see if I’m mistaken.

  2. just quoting what HP said!

    But that is a good point.

    Though I would not be surprised if they can sustain and continue to grow, as the customer base grows they can show that to new customers to illustrate the large install base as further reason to believe in the platform(not that I think they need more reason).

    There is this from last year too, where revenues were up 60% for 3PAR alone. Time will tell of course how long HP mentions 3PAR in their quarterly conference call. I’m not aware of most of these companies breaking down revenues/etc by product lines on any sort of consistent basis.


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