Network Appliance Grows Faster Than Market in Networked Disk Storage Systems7 December 2004
Network Appliance, Inc. (Nasdaq:NTAP) today demonstrated customers' embrace of NetApp(R) solutions by growing faster than the fibre channel storage area network (FC SAN) market as well as the open systems networked storage or Fabric-Attached Storage (FAS) market (1).
According to IDC's Worldwide Quarterly Disk Storage Systems Tracker, year over year the company grew revenue in the FC SAN market 95.0%, versus the market growth of 16.3%. The company also grew revenue in open systems networked storage or FAS market with 24.6% year over year growth, versus overall market growth of 17.5% and 2.9% sequential
growth, versus an overall market decline of 1.2%.
According to IDC, NetApp maintained a strong lead in the iSCSI SAN storage market for the third quarter of 2004 (3Q04). In its core NAS market, NetApp demonstrated continued leadership in NAS hardware for 3Q04 in both revenue and terabytes shipped. Also according to IDC, the company posted a 36.3% revenue market share, with a 13.8% increase in revenue year over year (vs. the third quarter of calendar 2003).
"Customers are increasingly turning to NetApp to solve complex data management issues for their tier one, data center, and mission-critical applications. IDC's market figures confirm that trend and chart our clear progress establishing a solid FC SAN business and our leadership in both iSCSI and NAS," said Suresh Vasudevan, senior vice president of Product Management at Network Appliance. "Our enterprise customers expect a high degree of consulting and
integration from us, and we have worked hard to deliver and exceed their expectations. By focusing on our customers' needs and ultimately their successes, NetApp can continue to gain market share and partner with our customers to provide complete storage and data management solutions."
The market share figures demonstrate that customers continue to demand simple, scalable, and affordable technology for their networked storage requirements and are turning to NetApp for their storage consolidation, data protection, information lifecycle management, regulatory compliance, and business continuance needs.
"Safe Harbor" Statement under U.S. Private Securities Litigation
Reform Act of 1995
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include market and market share trends that benefit the Company, continued customer acceptance and adoption rates of the
Company's product and new technologies. These forward-looking statements involve risks and uncertainties, and actual results could vary. Factors that could impact our ability to achieve our goals include general economic and industry conditions, including expenditure trends for storage-related products; our ability to deliver new product architectures and products that meet market acceptance; our ability to design products that compete effectively from a price and performance perspective; and other important factors as described in Network Appliance, Inc.'s reports and documents filed from time to time with the Securities and Exchange Commission, including our most recently submitted 10-K and 10-Q.
(1) FAS includes IDC's categories NAS, FC SAN, and iSCSI SAN.
Contacts:
Network Appliance
Jodi Baumann, 408-822-3974
jodi@netapp.com
Source: Business Wire
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