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Network Appliance executives say they expect to use momentum from a strong quarter and an expanded product line to become serious SAN contenders. (See Net App Announces Earnings.)
The goal is to increase our share in SAN, said CEO Dan Warmenhoven on a conference call last night. We will clearly establish ourselves as a serious contender in SAN.
NetApp's revenue of $598 million last quarter increased 32 percent from the same quarter last year and 11 percent from the previous quarter. The quarter also ended NetApp's fiscal year. The company reported revenue of $2.07 billion for the year, a 29 percent increase from $1.6 billion last year.
NetApps gains follow lackluster numbers from other storage suppliers. (See Storage Financials Take a Dip.) Competitor EMC last month reported 14 percent year-over-year growth in revenues and a 6 percent sequential decrease. (See EMC Hiccups, Waits for Clariion.)
NetApp started as a pure NAS play, and NAS still accounts for most of its business. But Warmenhoven said sales that include block connectivity increased 74 percent the last fiscal year. Last quarter, 34 percent of NetApp's sales were for block-based storage -- up from 32 percent the previous quarter.
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