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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.

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Stephen Shankland
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Stephen Shankland principal writer
Stephen Shankland has been a reporter at CNET since 1998 and writes 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.
Expertise processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science Credentials I've been covering the technology industry for 24 years and was a science writer for five years before that. I've got deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and other dee
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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.