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NetApp revenue grows 36% in Q1

Data storage vendor NetApp has reported on its revenue for the first quarter of 2011, stating total product sales grew 51% when compared with the same quarter last year; and overall revenue was up 36%.

 

The Sunnyvale, Calif.-based company reported US$1.14 billion in sales in the quarter, which ended July 30, compared with US$838 million during the same period last year. Net income for the quarter was almost triple last year's first quarter. The company reported US$142 million compared with US$52 million for Q1 2010.

 

Source: Computerworld

 

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