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NetApp Warns of Economic Uncertainty

NetApp posted a solid set of third quarter results in its earnings report last night, but the vendor warned that its fourth quarter figures could dip below Wall Street's estimates.

Speaking on a conference call last night, NetApp CEO Dan Warmenhoven described the third quarter as a "great quarter," but warned that economic conditions are becoming increasingly uncertain.

"Just looking at the macroeconomic conditions, I will have to argue that this quarter doesnt feel as robust as the last one," he said, pointing to a slowdown in some European markets, such as the U.K.

"It is not something that's global, it's not something that's across all verticals," added the CEO, pointing toward a slight rebound in the North American market, particularly on the East Coast.

The vendor's third quarter revenues were $884 million, a 21 percent hike on the same period last year and above analyst estimates of $877.8 million.

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