Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Storage

    NetApp Posts $7 Million Net for Fiscal Q3

    By
    eWEEK EDITORS
    -
    February 12, 2002
    Share
    Facebook
    Twitter
    Linkedin

      Network-attached storage maker Network Appliance Inc. reported $198.3 million in its fiscal third-quarter revenues Tuesday, inching up from its second quarter sales of $194.7 million.

      “The Q3 results reflect Network Appliances strong operational performance in a challenging market,” CEO Dan Warmenhoven said through a press statement. “We made across-the-board progress in our enterprise initiatives, we broadened our vertical market and strategic partnership focus, expanded our worldwide customer mix and grew our product line. As a company, we continue to be focused.”

      NetApp, as the Sunnyvale, Calif., vendor is commonly known, reported a net income of $7 million, or 2 cents per share, for its third quarter, compared with $34.1 million or 9 cents per share for the same period last year.

      The company currently has 2200 employees and $655 million in cash and investments, Warmenhoven said during the call.

      “We saw good traction with IBM Global Services” in the caching niche, and other success in administration software and vertical markets, he said.

      In addition he said: “Wed like to thank Microsoft…for clarifying” the recent issue of NetApp compatibility with Microsoft Corp.s Exchange messaging system.

      Looking forward, the NAS vendor faces an increasingly tough market. Its high-end products are threatened by massive rival EMC Corp., which sells NAS systems via partner Dell Computer Corp., and which also makes directed-attached storage hardware and management software, and by high-performance specialist BlueArc Corp.

      Microsofts Server Appliance Kit, Veritas Software Corp.s ServPoint product and similar products from smaller companies like MTI Technology Corp., equally threaten NetApps mid-market and low-end products, industry watchers note. Nevertheless, NetApp has an edge in vertical markets sales, they said.

      “I dont think its a matter of who distributes it, I think its earned a very bad reputation on its own,” Warmenhoven said of the EMC/Dell NAS relationship. “Id love to have a bakeoff… weve replaced many of them. I dont think [Dell] will be effective in our world.”

      eWEEK EDITORS
      eWeek editors publish top thought leaders and leading experts in emerging technology across a wide variety of Enterprise B2B sectors. Our focus is providing actionable information for today’s technology decision makers.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×