Storage software revenue stays aloft
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Companies' desire to squeeze more out of storage gear pushes storage software revenue to a 17 percent rise over last year, IDC says.
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The good news, analysts say, is that price cuts will keep the PC market afloat. The bad news is that revenue will decline.
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The research firm estimated that the market for disk storage systems grew by 5% overall, to $5 billion, from $4.77 billion a year earlier in the second quarter. HP led the way, followed by IBM and EMC.
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The software company's investments are showing some promise.
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Linux is expected to make steady gains over the next few years on the desktop PCs of small businesses, according to a new report. The report, released on Monday by The Yankee Group, says Linux has minimal
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The software maker is moving along -- but not enough to get investors excited.
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Reed Elsevier on Thursday reiterated that it remained on track to deliver mid to high single-digit earnings-per-share growth this year despite concerns over its science publishing unit.
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It's on track to meet sales targets, but profits might not keep pace.
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The data storage vendor said second-quarter profit rose to $334.4 million as it recorded double-digit sales gains at its biggest businesses.
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Legal wrangling over competing hard drive technologies continues.
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InfoWorld - Storage companies continued to demonstrate a wealth of new products and technologies Wednesday at the Storage Networking World in Orlando.
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Investor's Business Daily - The maker of routers and other networking gear is betting that more small businesses and even homeowners want higher-end storage systems once reserved for larger corporations.
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The financial data provider is quietly growing its cash machine.
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The software market continues to drive IT spending, according to market research firm International Data Corp.
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Well, it grew a bit, says IDC Research house IDC reckons the worldwide storage market reached $4.8bn last year - a six per cent growth on last year.â¦
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(InfoWorld) - While software vendor CA is pretty happy with theÂ financial performanceÂ of three-quarters of its business, its storage management operations are not up to par, according to executives. CA sees storage management as one of the company's four main business pillars, the other three being enterprise systems management, security, and business services optimization. All four form part of CA's Enterprise IT Management (EITM), the vendor's road map to both simplify and more tightly integrate all of its software products. CA is "not satisfied" with sales growth in its storage management business, John Swainson, the company's president and CEO, said Thursday during a conference call to discuss the vendor's third-quarter results for fiscal 2007. In particular, he blamed CA's indirect sales channel which the company is already taking steps to revise and rebuild, after bringing in new management last year. Swainson, who's very much a glass half-full kind of a guy, said he's optimistic that CA's storage business will turn around, perhaps before the close of fiscal 2007. He pointed to a string of purchases designed to fill in the spaces in CA's storage offerings, the most recent of which was theÂ July purchaseÂ of continuous data protection technology vendor XOsoft. CA's not the only one struggling with its storage business. Rival SymantecÂ recentlyÂ announced poor third-quarter fiscal resultsÂ in that sector of its business which it acquired through the 2005Â purchase of Veritas. As in previous financial quarters, CA's overall focus remains realignment of its sales force around the world, cost reduction and implementing new business processes, Swainson said. Nancy Cooper, chief financial officer at CA, gave an update on the vendor's implementation of SAP's enterprise applications which it sees as crucial in its ongoing transformation. CA went live with SAP's financial applications in April in the U.S. and at the end of October it got the U.S. services operation deployed on the ERP (enterprise resource planning) software. The process was "difficult both from the process and systems point of view," she said. Given the complexity of the implementation, that experience wasn't surprising, Cooper added. CA plans to roll out SAP's applications to the rest of its global operation in 2008. "We'll go step by step on this thing," she said. CA's troubled past continues to bubble up to the surface. Two more former executives wereÂ recently sentencedÂ in federal court in Brooklyn, New York, for their roles in a massive securities fraud which took place at the company several years ago. The fraud involved the false reporting of hundreds of millions of dollars in revenue before licensing agreements were finalized to bolster quarterly financial results. Earlier this week, U.S. District Court Judge I. Leo Glasser sentenced David Kaplan, CA's former senior vice president of finance and administration, to six months of home detention. Last week, the same judge sentenced Ira Zar, CA's former CFO, to seven months in prison and seven months of home detention. In November, Judge Glasser sentenced CA's former CEO Sanjay Kumar toÂ 12 years in prisonÂ and a $8 million fine, while codefendant Stephen Richards, the ex-head of worldwide sales at CA, later received a seven-year jail term. Â
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Hefty valuations = a bet on the future.  That future is clearly open source + SaaS, based on the multiples people are willing to pay.