Feeds

NetApp busts through banner Q4

Software chips in

  • alert
  • submit to reddit

3 Big data security analytics techniques

Storage dynamo Network Appliance bounded to a stellar fourth quarter and fiscal 2005.

NetApp posted 34 per cent growth during its fourth quarter with revenue of $452m. The company's net income surged as well, hitting $63m as compared to $36m in the same period one year earlier.

For the full year, NetApp pushed revenue to $1.6bn - a 37 per cent year-over-year rise. The company's net income for the full year rose 48 per cent to $226m.

"Fiscal 2005 was an outstanding year for Network Appliance," said NetApp CEO Dan Warmenhoven. "We achieved strong gains in revenue, captured additional market share, expanded gross margins, and broadened our offering of the most innovative products targeted at the areas of fastest growth in storage."

NetApp and rival EMC dominate the market for networked storage systems. Both companies have performed well in recent quarters as sales of disk-based systems and related software have surged.

During the fourth quarter, NetApp placed a number of strategic bets against EMC. In particular, it formed a reselling agreement with IBM that will see Big Blue give up on part of the storage market and just move NetApp gear. In addition, NetApp and Veritas showed off new product that is the result of an engineering agreement between the firms.

NetApp saw its strongest growth come from the software division with sales jumping 74 per cent.

In the first quarter, NetApp is looking for revenue to come in between 30 per cent and 33 per cent higher than last year's Q1. It also expects revenue for all of fiscal 2005 to be between 32 per cent and 35 per cent higher than 2004. ®

Related stories

Battered HP storage staff deliver plethora of product
IBM thinks ahead with speedy midrange storage dynamo
Dell cuddles up to EMC's NAS gateway
Veritas goes hetero with new NetBackup
Veritas CEO stays silent on Symantec dreams
IBM hands over NAS duties to NetApp in mega storage tie-up

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.