Menu
NetApp records 26 percent growth

NetApp records 26 percent growth

Storage and data management solutions provider NetApp's revenue for the first fiscal quarter of 2009 was US$869 million, an increase of 26 percent over the same period a year ago.

For the first fiscal quarter of 2009, generally accepted accounting principles (GAAP) net income was US$38 million, compared to GAAP net income of US$34 million, for the same period in the prior year. Non-GAAP net income for the first fiscal quarter of 2009 was US$76 million, compared to non-GAAP net income of US$76 million. NetApp creates innovative storage and data management solutions.

"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 chief executive officer. "Despite economic uncertainty, customers have continued to expand their storage infrastructure and are looking to NetApp to help them reduce costs and enable new capabilities."

Looking forward

NetApp estimates revenue for the second quarter of fiscal year 2009 to be between US$910 million and US$940 million.

In the first quarter of fiscal year 2009, NetApp launched new solutions to help customers transform their data center architectures. According to the company, this is done through higher efficiencies and asset utilization, greater power and space savings, innovative data management techniques, and the ability to reduce redundant data on primary storage with deduplication technology.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments