NetApp gloats over storming fourth quarter
With a storming fourth quarter and year NetApp's 2011 fiscal year revenues grew 30 per cent as the company revelled in its server virtualisation storage business. It recorded fourth quarter revenues of $1.43bn, up from $1.27bn a year ago and 11 per cent sequentially. Net income was $160.6m, up from $145.1m a year ago. The full …
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Tough act to follow
I suspect this will be a tough set of results for NetApp to follow next period, as a lot of this revenue was stuff that they couldn't ship last period due to supply constraints. Last quarters bad news is this quarters good news.
NetApp keeps delivering
Hi all, D from NetApp here (recoverymonkey,org).
Thanks for the article.
And to mr. Anonymous that thinks it's a tough act to follow:
Competitors have been saying that about our earnings for years, "They'll never do that again next year!" is a phrase oft-repeated.
However, NetApp keeps growing a lot year over year.
We must be doing something right...
D
The competition can't boast an integrated product set
As long as NetApp keeps an integrated product offering, the competition, with their multiple product families, can't touch it.
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