Friday, 23 May 2008

NetApp Reports Q4 Financials

NetApp Thursday reported results for the fourth quarter of fiscal year 2008 with revenues amounting to or 938 million dollars, an increase of 17% year-on-year.

Describing its performance as “solid” the storage and data management solutions provider attributed its success to the busy quarter that it had. NetApp launched a new brand identity during the quarter; it also unveiled the NetApp Kilo Client, a large testing environment designed to exceed the most scalable and extreme performance conditions that most enterprises experience in their data centers.

“NetApp posted a strong finish to the fiscal year, ending the fourth quarter with 17% growth in revenue and 23% growth in storage systems,” said Dan Warmenhoven chairman and chief executive officer.

“With solid performance from most areas around the world, customers continue to validate that NetApp provides them with comprehensive storage and data management solutions at the lowest cost of ownership in the industry.”