Network Computing is part of the Informa Tech Division of Informa PLC
Virtualization Boosts NetApp's Q1
NetApp posted strong first quarter results last night, reporting revenues of $869 million, a 26 percent hike on the same period last year. Although the first quarter figures were down 7 percent sequentially, NetApp comfortably beat analyst estimates of $861.6 million, underlining the comparative health of the storage sector.
"We do not see any significant changes in the general spending patterns of our customers or prospects," said NetApp CEO Dan Warmenhoven, during a conference call last night. "While there is broad concern about the global economic environment, most enterprises continue to invest in their infrastructure to improve operating efficiency."
The vendor reported first quarter earnings of 11 cents on net income of $38 million, compared to 9 cents and $34 million in the same period last year. On a non-GAAP basis, NetApps earnings were 22 cents on net income of $76 million, compared to 20 cents and $76 million in the first quarter of 2007. Analysts had estimated earnings of 22 cents.
Recommended For You
What skills do network managers really need to properly secure industrial networks? What new protocols, frameworks, and regulations are important? And what conferences and certifications can help? Here are five tips to get started.
A full-stack approach to retail edge offers retailers a way to optimize operations and adapt to changes in a post-pandemic world.
Network management tool sprawl is getting in the way of network management. It’s time for IT to do something about it.