Cloud Computing Brings Profit Surge for NetApp


Posted on 27th May 2010 by cloudhostingguy in Cloud Hosting

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NetApp reported a strong fourth quarter courtesy of data center buildouts fueled by server virtualization and cloud computing.

What’s driving the upside? Data center upgrades. In a statement, Tom Georgens, CEO of NetApp, said “The server virtualization and cloud computing trends are driving significant business for us, as our competitive advantages in those areas lead more customers to choose NetApp storage efficiency solutions for larger and larger data center projects.”

For the year, NetApp reported earnings of $400 million, or $1.13 a share, on revenue of $3.93 billion, up 15 percent from fiscal 2009.

For more on this story, see NetApp: Cloud computing driving profit surge on

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