Data storage equipment maker NetApp Inc (NTAP.O) reported a 10.6 percent fall in quarterly revenue due to weak demand for its storage products, and said it would cut its workforce by 12 pct.

Net income fell to $153 million, or 52 cents per share, in the third quarter ended Jan. 29, from $177 million, or 56 cents per share, a year earlier.

Revenue fell to $1.39 billion from $1.55 billion.

(Reporting By Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲