NetApp boss thanks distributors for revenue efforts

NetApp's CEO has thanked distributors for helping it keep revenues stable in its second fiscal quarter as the storage specialist kept its numbers in line with expectations

NetApp name checked its distribution partners as it thanked the channel for helping it deliver second quarter results that managed to keep revenues level with the same period last year.

The storage specialist reported revenues of $1.541bn compared to $1.507bn for the same three months, ended 26 October, a year earlier.

Net income was down to $110m from $166m a year earlier but the numbers managed to meet the expectations that the vendor had already set for the period.

In his comments about Q2 the vendor's president and CEO Tom Georgens highlighted the role that the channel, in particular distribution, had played in helping it keep its revenues stable.

"We also saw momentum in our partnering strategy...and a record high revenue contribution from Arrow and Avnet," he added "the leverage we gain through go-to-market and channel partners will enable NetApp to grow our business and gain share.”

The results also included confirmation that NetApp has acquired privately held CacheIQ, a Texas-based outfit that supports datacentre environments, for an undisclosed sum.



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