NetApp earnings build on datacentres

Summary:The company reported strong fourth-quarter earnings, thanks to a push from server virtualisation and cloud computing datacentre build-outs

NetApp reported a strong fourth quarter, courtesy of datacentre build-outs fueled by server virtualisation and cloud computing.

The storage company reported fourth quarter earnings of $145m (£96m), or 40 cents a share, on revenue of $1.17bn, up from $880m a year ago. Non-GAAP earnings were 50 cents a share. Wall Street was expecting earnings of 43 cents a share on revenue of $1.09bn.

For the year, NetApp reported earnings of $400m, or $1.13 a share, on revenue of $3.93bn, up 15 percent from fiscal 2009.

For more on this story, see NetApp: Cloud computing driving profit surge on ZDNet.com.

Topics: Tech Industry

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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