NetApp Capitalizes on Growing Demand for Data Storage Solutions

Continued adoption of virtualization technologies, and a strong data storage product portfolio are said to be key factors in NetApp's impressive third-quarter results. As noted in this Morningstar report, NetApp continues to aggressively partner with VMware, smartly refusing to concede an important segment of the market.

---

"NetApp NTAP reported impressive third-quarter results, reinforcing our view that the firm's product portfolio is well-positioned to capitalize on surging demand for storage technologies. Total revenue came in at just over $1 billion for the quarter, up 16% year over year.

"Continued adoption of virtualization technologies is one of the trends driving the rebound in demand. NetApp continues to aggressively partner with VMware VMW (a subsidiary of arch-rival EMC EMC), smartly refusing to concede an important segment of the market."

Read the Full Story at Morningstar