Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Opsware Opens Up on Storage

Server and network automation specialist Opsware, which reported its Q4 and full year results today, is getting ready to launch its first storage product during the next couple of months. (See Opsware Announces Q4.)

The software vendor, which picked up storage firm Creekpath last year, is also ramping up its M&A strategy, spending $30 million in cash for process automation startup iConclude today. (See Opsware Acquires iConclude, Opsware Gains CreekPath, and Storage Shopping Spree.)

Speaking on a conference call this morning, Opsware CEO Ben Horowitz promised that the launch of the vendor's Application Storage Automation System, built on Creekpath's technology, is imminent. "We will be shipping the initial release of that in the second quarter," he said, adding that this is not expected to generate much revenue until Q3.

In the meantime, Opsware posted revenues of $101.7 million for the full year today, up 67 percent from the prior year but below analyst estimates of $102.05 million.

On a non-GAAP basis, the vendor reported Q4 earnings of 3 cents on net income of $3.5 million. Quarterly earnings were in line with analyst estimates, and were unchanged from the same period last year. Net income was down slightly from $3.6 million in the year-ago quarter.

  • 1