NetApp announces FY 2011/12 Q1 results
NetApp recently reported the results for the first quarter of fiscal year 2012 – showing revenues of $US1.458 billion, up 26 per cent since last year.
Its GAAP net income was $US139.5 million, or $US0.34 per share as compared to GAAP net income of $US150.7 million, or $US0.40 per share for the same period a year ago. Non-GAAP net income for the first quarter of fiscal year 2012 was $US222.3 million, or $US0.55 per share as compared to $US190.9 million or $US0.51 per share the same time last year.
NetApp president and CEO, Tom Georgens, said, “Despite the challenging macroeconomic environment modestly impacting our revenue growth, NetApp still produced earnings per share slightly above the midpoint of our targeted range. The company achieved record levels of FAS6000 systems sales, near record numbers of new enterprise customer wins, and our new E-series sales exceeded our forecast.”
Some of NetApp’s business highlights for the quarter include: its purchase of the Engenio external storage systems business from LSI Corporation, introducing its E-Series platform, adding new technologies to the NetApp OnCommand management software, collaborating with Microsoft and Cisco to produce the NetApp Hyper-V Cloud Fast Track and developing the Cisco FlexPod datacenter solution.
The company estimates revenue for the next quarter to be in the range of $US1.5 billion to $US1.6 billion, about 3 per cent to 10 per cent sequential revenue growth and from 20 per cent to 28 per cent year-over-year revenue growth.
It predicts its next GAAP earnings per share to be approximately $US0.38 to $US0.42 per share and non-GAAP earnings per share to be from $US0.58 to $US0.62 per share.
NetApp also expects its share count for the second quarter of fiscal year 2012 to reduce to approximately 392 million shares, including an estimated 10 million shares from the company’s outstanding convertible notes3 and 2 million shares from outstanding warrants.
Share count does not include the company’s outstanding note hedges, which are predicted to offset 80 per cent of the dilution from the convertible notes at maturity or conversion.
Trusted Cloud chooses NetApp and FlexPod to deliver secure ITaaS
ICT specialist formerly known as IntraPower (ASX:IPX), Trusted Cloud, has picked NetApp and the FlexPod Modular Data Centre Solution as the platform to grow its trusted cloud solution.
The FlexPod modular datacentre solution was produced through collaborations between NetApp, Cisco and VMware. It provides customers with a pre-sized, validated, standardised and scalable data centre architecture design.
The company is using NetApp storage and FlexPod to expand its trusted cloud solution to customers and to offer secure, multi-tenanted IT-as-a-Service (ITaaS).
Trusted Cloud CEO, Greg Kennish, said the company engaged with NetApp as it wanted to partner with a vendor that understood its strategies and objectives with the project.
“In conjunction with the NetApp storage solution which is already saving us more than 50 per cent of our storage space, we are in a strong position to expand our business and our services to new vertical industries and international markets,” he said.
NetApp A/NZ and ASEAN vice-president, Peter O’Connor, said, “The fact that Trusted Cloud is white labelling its offering for partners reflects the state of the Australian IT department, wanting a tailored, flexible solution, but needing to demonstrate cost efficiency and return on investment to the business.”
NetApp helps Thales provide control of air-traffic control systems
Electronics and systems business, Thales, has partnered with NetApp to develop and implement a tier-1 storage solution that manages air-traffic control systems.
The Web-based management system enables de-duplication to maximise the use of disk space, a snapshot replication for faster backups and functionality to implement a disaster recovery solution in the near future.
The solution included a NetApp FAS3160 system for the Melbourne development centre, a NetApp FAS3040 for production in Sydney and a NetApp FAS3140 for disaster recovery. Thales is also in the process of virtualising its infrastructure with VMware technology, which aims to reach a 99 per cent virtual infrastructure.
Thales Australia systems engineer–site lead, Rishi Trivedi, said, “We’re working with companies to control 50 per cent of the world’s air traffic, so we need to provide a reliable, flexible solution which is going to help make our services and our customers ready for the future.”
Since the implementation of the NetApp storage system, the company has experienced a seamless delivery with no downtime and reduced the storage space required from 10TB to about 5TB.
Due to the success of the original NetApp implementation, Thales has decided to use NetApp technology for all of its backup, disaster recovery and file-sharing requirements. It is in the course of fitting NetApp FAS2040 systems at its remote sites, which will be replicated back to the Sydney-based disaster recovery system.
It aims to execute all backup and disaster recovery remotely by the end of March next year.