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.