StorageTek Revenues and Income Up -

StorageTek Revenues and Income Up

Download the authoritative guide: Enterprise Data Storage 2018: Optimizing Your Storage Infrastructure

StorageTek(R) (Storage Technology Corp.) this week announced third quarter 2001 net income of $17.9 million. The company said this amount represent an improvement of 113 percent over third quarter 2000 net income of $8.4 million.

According to the company, revenue for the third quarter of 2001 was $498 million, as compared to revenue for the third quarter of 2000 of $487 million.

"I am pleased that we were able to deliver on our plans in this very challenging economic environment. I want to congratulate our employees for pulling together to make this quarter successful and for their commitment to our customers during this painful time in history," said Patrick Martin, StorageTek chairman, president and chief executive officer. "In spite of the challenges, we had quite a respectable revenue performance with a strong flow-through to profits."

Comment and Contribute


(Maximum characters: 1200). You have characters left.



Storage Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that may send you ENTERPRISEStorageFORUM offers via email, phone and text message, as well as email offers about other products and services that ENTERPRISEStorageFORUM believes may be of interest to you. ENTERPRISEStorageFORUM will process your information in accordance with the Quinstreet Privacy Policy.

Thanks for your registration, follow us on our social networks to keep up-to-date