NetApp up 29% for 2Q06

My company, Network Appliance, has the most bizarre fiscal year schedule I have ever seen. First quarter is May, June, July…making second quarter August, September, October. Well, today, we announced our results for Q2 of FY06.

Network Appliance Announces Results for Second Quarter Fiscal Year 2006
Achieves 29% Year-over-Year Revenue Growth and Record Operating Income

Sunnyvale, Calif. – November 16, 2005 – Network Appliance, Inc. (NASDAQ: NTAP), the leader in advanced networked storage solutions, today reported results for the second quarter of fiscal year 2006. Revenues for the second fiscal quarter were $483.1 million, an increase of 29% compared to revenues of $375.2 million for the same period a year ago and an increase of 8% compared to $448.4 million in the prior quarter.

It also mentions that we estimate another 25-28% growth next quarter.

View Press Release

James Burke
Frisco, TX