NetApp Announces Results for Third Quarter Fiscal Year 2008
biz.yahoo.com
Wednesday February 13, 4:03 pm ET
Achieves Record Revenue, Income from Operations, and Cash Flow from Operating Activities
SUNNYVALE, Calif.--(BUSINESS WIRE)--NetApp (NASDAQ:NTAP), the leader in advanced networked storage solutions, today reported results for the third quarter of fiscal year 2008. Revenues for the third fiscal quarter were $884.0 million, an increase of 21% compared to revenues of $729.3 million for the same period a year ago and an increase of 12% compared to $792.2 million in the prior quarter.
For the third fiscal quarter, GAAP net income was $101.8 million, or $0.29 per share1 compared to GAAP net income of $66.5 million, or $0.17 per share for the same period in the prior year. Non-GAAP2 net income for the third fiscal quarter was $131.7 million, or $0.37 per share, compared to non-GAAP net income of $111.1 million, or $0.29 per share for the same period a year ago.
Revenues for the first nine months of the current fiscal year totaled $2.4 billion, compared to revenues of $2.0 billion for the first nine months of the prior fiscal year, an increase of 18% year over year.
GAAP net income for the first nine months of the current fiscal year totaled $219.9 million, or $0.60 per share, compared to GAAP net income of $208.1 million, or $0.53 per share for the first nine months of the prior fiscal year. Non-GAAP net income for the first nine months of the current fiscal year totaled $324.1 million, or $0.89 per share, compared to non-GAAP net income of $316.5 million, or $0.81 per share for the first nine months of the prior fiscal year. |
