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Short Take: Network Appliance earnings up

Storage hardware maker Network Appliance yesterday announced fourth fiscal quarter net income of $10.7 million, or 13 cents per share, on revenue of $90.8 million. That's a 70 percent increase from the same quarter last year, when NetApp had $6.3 million of income and earnings of 9 cents per share, the company said. From fiscal 1998 to fiscal 1999, the company's net income increased 70 percent from $21 million to $35.6 million. The company provides special-purpose high-speed file servers intended to ease corporate data storage headaches.

Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
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  • Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
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Stephen Shankland
Storage hardware maker Network Appliance yesterday announced fourth fiscal quarter net income of $10.7 million, or 13 cents per share, on revenue of $90.8 million. That's a 70 percent increase from the same quarter last year, when NetApp had $6.3 million of income and earnings of 9 cents per share, the company said. From fiscal 1998 to fiscal 1999, the company's net income increased 70 percent from $21 million to $35.6 million. The company provides special-purpose high-speed file servers intended to ease corporate data storage headaches.