EDGE 2015 is starting in

Find out more EDGE 2015
Menu
NetApp reports $5.1B in 2011 revenue

NetApp reports $5.1B in 2011 revenue

NetApp expects to grow revenue by 26% to 34% next year

NetApp today reported its fourth quarter financial results as well as for all of fiscal year 2011, stating that it took in more than $1 billion more in revenue this year over last.

Revenues for fiscal year 2011 totaled $5.1 billion compared to revenues of $3.9 billion for fiscal year 2010.

The storage vendor's total revenue for the fourth quarter was $1.4 billion, compared with $1.1 billion for the fourth quarter of 2010. GAAP net income was $160 million, compared to $145.1 million year-over-year in the fourth quarter.

GAAP net income for fiscal year 2011 was $673.1 million, or $1.71 per share, compared to GAAP net income of $400.4 million

"NetApp delivered 30% revenue growth, 38% growth in cash from operations ... during fiscal 2011. We achieved the largest market share gains in our history and closed a record number of million dollar deals," NetApp CEO Tom Georgens said in a statement.

The storage vendor estimates revenue for the first quarter of fiscal year 2012 to be approximately $1.5 billion, plus or minus 3%, which equates to approximately 2% to 8% sequential revenue growth and approximately 26% to 34% year over year revenue growth.

During the fourth quarter, NetApp entered into a $480 million definitive agreement to purchase the Engenio external storage systems business from LSI Corp.

Engenio would give NetApp a foothold in emerging and fast-growing market segments such as video, including full-motion video capture and digital video surveillance.

EDGE 2015:: For all the latest on EDGE 2015 including the keynote speakers visit the EDGE mini-site now

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags storagenetappStorage Managementstorage software

Upcoming

Slideshows

In Pictures: 7 things we hate about Twitter

In Pictures: 7 things we hate about Twitter

You probably either love Twitter for its quirkiness and brevity or see it as a pointless waste of time. After nearly a decade on the social scene, Twitter still needs to improve its user experience and fill in notable gaps in the service. These seven problems are long overdue for a fix.

In Pictures: 7 things we hate about Twitter
IN PICTURES: EDGE 2015 - Sponsor Briefing

IN PICTURES: EDGE 2015 - Sponsor Briefing

With EDGE 2015 rapidly approaching, ARN and Reseller News NZ held a Sponsors Briefing where ARN publisher and president, Susan Searle, and Events Manager, Alexandra West, ran through the considerable logistics in detail. Attendees then enjoyed some splendid canapes and drinks. EDGE is designed to bring the A/NZ channel together in a collaborative and educational environment. Themed around channel channel leadership, EDGE will be held at the Sheraton Mirage, Port Douglas, July 20-23. Photos by MIKE GEE.

IN PICTURES: EDGE 2015 - Sponsor Briefing
In Pictures: Robots that cook, clean, sing and dance

In Pictures: Robots that cook, clean, sing and dance

Cooking, learning language and doing the laundry are a few of the human skills demonstrated by.real humanoid bots featured in the National Geographic movie Robots.

In Pictures: Robots that cook, clean, sing and dance

iasset.com is a channel management ecosystem that automates all major aspects of the entire sales, marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.

Show Comments