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Home World Business

NetApp revenue drops 6.4% to $1.45bn

byAmmad Ahmed
19/11/2015
in World Business
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NEW YORK: Data storage equipment maker NetApp Inc reported a 6.4 percent fall in quarterly revenue, as demand for products in its core storage business fell.

Net income fell to $114 million, or 39 cents per share, in the second quarter ended Oct. 30, from $160 million, or 49 cents per share, a year earlier.

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Revenue fell to $1.45 billion from $1.54 billion.

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