back to article NetApp thin provisions income in Q1

NetApp's earnings climbed 11 per cent during its fiscal first quarter 2009, but margins were thin due to growing interest in low-end storage and an investment "surge" that the company expects to pay off in the second half of the year. "Our new fiscal year got off to a good start, and our efforts to increase awareness and sales …

COMMENTS

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  1. Peter Laws

    pre-cog app?

    11 per cent in 2009? Earnings from the future.. i'll invest in that!

  2. Optymystic

    11 per cent in 2009? Earnings from the future

    Virtualiization or future proofing?

  3. Austin Modine (Written by Reg staff)

    Not a mistake

    A company's fiscal year often doesn't match the actual calendar year so that its year-end accounting work won't occur during the holidays or times of high activity.

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