Tuesday, August 12, 2008

NetApp's Quarterly Revenue Rises to $869 Million, up 26% YoY

NetApp reported quarterly revenue of $869 million, an increase of 26% compared to revenues of $689 million for the same period a year ago. GAAP net income was $38 million, or $0.11 per share1 compared to GAAP net income of $34 million, or $0.09 per share for the same period in the prior year.

"Our new fiscal year got off to a good start, and our efforts to increase awareness and sales capacity in order to secure new customers are delivering results," said Dan Warmenhoven, chairman and CEO. "Despite economic uncertainty, customers have continued to expand and evolve their storage infrastructure and are looking to NetApp to help them reduce costs and enable new capabilities."http://www.netapp.com

See also