NetApp announces Q3 FY12 Earnings
NetApp has reported results for the third quarter of fiscal year 2012, which ended January 27, 2012. Revenues for the third quarter of fiscal year 2012 totaled $1.566 billion compared to revenues of $1.290 billion for the same period one year ago.
For the third quarter of fiscal year 2012, GAAP net income was $120 million, or $0.32 per share1, compared to GAAP net income of $186 million, or $0.46 per share, for the same period a year ago. Non-GAAP net income for the third quarter of fiscal year 2012 was $216 million, or $0.58 per share2, compared to non-GAAP net income of $226 million, or $0.56 per share, for the same period a year ago.
Revenues for the first nine months of fiscal year 2012 totaled $4.531 billion compared to revenues of $3.694 billion for the first nine months of the prior fiscal year, an increase of 23% year over year. GAAP net income for the first nine months of fiscal year 2012 totaled $425 million, or $1.10 per share, compared to GAAP net income of $513 million, or $1.31 per share for the first nine months of the prior fiscal year. Non-GAAP net income for the first nine months of fiscal year 2012 totaled $674 million, or $1.75 per share, compared to non-GAAP net income of $629 million, or $1.61 per share for the first nine months of the prior fiscal year.
Tom Georgens, President & CEO said, "More and more customers are leveraging storage virtualization to re-architect their data centers in order to gain efficiency, flexibility and cost savings, and NetApp provides the most compelling value proposition in the industry for both private and public cloud deployments. Our success is evident in our results, as NetApp won a record number of new customers; significantly increased our units shipped including a record number of high-end systems, and saw solid revenue growth across almost all geographies in our third quarter."
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