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NetApp numbers dip as weak economy takes its toll

Simon Quicke

Storage player NetApp delivered results that stuck to its guidance even if that meant that revenues were down year-on-year along with net income for its first quarter of its 2013 fiscal year.

The storage player had already set market expectations for revenues of $1.445bn down on $1.458bn delivered in the same quarter last year and its net income drop of more than half to $64m compared to $140m in fiscal 2012 was also something that it had done its best to calm investors over.

The vendor issued guidance for the next three months warning that the same market conditions and "continued uncertainty in the macroeconomic environment" were still conditions it was operating in.

Tom Georgens, president and CEO of NetApp, did his best to be upbeat talking about the product enhancements it had made to help customers be more agile with their data.

he also drew attention to the vendor's decision to partner with the likes of Cisco and Microsoft to give both resellers and customers more of a solution to offer and get their teeth into.

“We continue to deliver on multiple fronts, advancing our technology and partnerships. With our best-of-breed partnering strategy," said Georgens.

One of those partnerships was designed with the channel in mind when NetApp teamed up with Cisco to get resellers behind the joint FlexPod converged infrastructure solution., with a partner framework that supported those dealers that invested time and effort in selling the kit.


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