Feeds

NetApp rides stiff rise in sales but profits droop

Third quarter improves thanks to virtualisation

Beginner's guide to SSL certificates

NetApp saw off its last quarter's major account weakness and grew third quarter revenues to $1.57bn, though profits dropped 35.5 percent.

Total revenues of $1.566bn compare to $1.268bn a year ago, up 23.5 per cent, while profits of $120m compare to third quarter fiscal 2011 profits of $186m, reflecting a tougher competitor environment where NetApp is facing down EMC, new customer capture costs and the effect of hard disk drive shortages, which is driving up prices.

NetApp Q3 fy2012

Recent NetApp quarterly revenue history

Last quarter's revenues were held back by nine major accounts delaying purchases. That did not happen this quarter. CEO Tom Georgens attributed the revenue rise to customers increasing their efforts to use storage virtualisation to increase the efficiency of their data centres. All three FAS array ranges did well, with the refreshed FAS2000 low-end growing nicely after declining revenues in the most recent quarters.

In the earnings call he said the storage market was increasingly about the two top dogs, EMC and NetApp, competing with each other and taking share from the big (server) box vendors.

He specifically said that NetApp would bring out a PCIe flash card for servers with links to NetApp's arrays.

The outlook for the next quarter was for revenues between $1.6545bn and $1.725bn – translating to a 15 to 21 per cent annual growth and 5 to 10 per cent sequential growth.

The tightly run NetApp money-making product machine steams steadily on, content, El Reg storage desk thinks, to be number 2 with no realistic hope of catching up with EMC. ®

Internet Security Threat Report 2014

More from The Register

next story
The cloud that goes puff: Seagate Central home NAS woes
4TB of home storage is great, until you wake up to a dead device
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
Intel offers ingenious piece of 10TB 3D NAND chippery
The race for next generation flash capacity now on
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
SAVE ME, NASA system builder, from my DEAD WORKSTATION
Anal-retentive hardware nerd in paws-on workstation crisis
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.