NetApp net profit down 7% to US$140mn in fiscal Q1

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Friday, August 19, 2011

US unified storage solutions provider NetApp (Nasdaq: NTAP) posted a net profit of US$140mn in its fiscal 1Q12, ended July 29, down 7% from US$151mn in the year-ago period, the company said in a statement.

However, revenues for the quarter totaled US$1.46bn, advancing 26.3% year-on-year.

During the quarter, NetApp completed the purchase of the Engenio external storage systems business from California-based LSI Corporation and launched new bandwidth and analytics solutions.

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NetApp expects revenues for the second quarter of fiscal 2012 to be in the range of US$1.5bn-1.6bn, equivalent to 20-28% year-over-year growth.

Use this link to review the full financial tables.