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NetApp earnings build on datacentres

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.