Wednesday, February 20, 2013

NetApp and Cisco Partnership : Expected 2013 Growth 

NetApp says it is looking to continue its growth in 2013 by leaning heavily on a partnership with Cisco to provide data storage and computer networking solutions for smaller-sized business customers. The company offered some insight into its plans as it announced its fiscal third-quarter earnings this week.

NetApp and Cisco are working together on what is being called the FlexPod system, which allows computer server, storage and networking services to be combined.

The hope, NetApp says, is to accelerate its revenue growth with additional technology infrastructure offerings.

The company says doing this will put it in a better position against competitors that offer a full lineup of computer hardware, software and services.

NetApp reported this week that it met its fiscal third-quarter projections for revenue growth at 4.1 percent and finished the quarter with $1.6 billion in sales. Net income was $158.1 million, or 43 cents per share, up from $119.6 million, or 32 cents, a year ago. 

The continued growth of the company also has fueled speculation that the company could be sold.  

There has been talk that Cisco may purchase NetApp. It has also been mentioned that NetApp may be a possible takeover target for IBM

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