Network Appliance Doubles Quarterly Profits

Third-quarter profit more than doubled as companies spent more on information management.

Network Appliance Inc., a k a NetApp, recently said that its fiscal third-quarter profit more than doubled as companies spent more on technology used to manage data.

The company reported net income for the third quarter ended Jan. 30 of $40.2 million, or 11 cents per share, up from $19.7 million, or 6 cents per share a year earlier.

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