[Financial Network Special Paper] Trainee Reporter Guo Lina Tom Georgens, president and chief executive of NetApp Corporation (NTAP.NASDAQ), a global data storage manufacturer, said in an interview with reporters on September 19th that NetApp plans to occupy the next few years. The 15% market share of China's data storage market is in sync with the company’s current market share in the world.
He said that although the company’s current market share in China is still not very high, its growth rate has surpassed that of other global markets. "There are no factories in China, and there are no competitors of the same level in the country. Domestic manufacturers cannot reach our production technology and can only produce low-end products, and we are high-end products."
Tom Georgens said that in the Asian market, the company’s fiscal first-quarter revenue reached 120 million U.S. dollars, accounting for 11% of global revenue, while the Chinese market grew faster than other countries in the Asia-Pacific region.
Taking into account China's overall economic growth rate of 8%, Tom Georgens believes that as the world’s second-largest and most rapidly developing IT market, China will be a key development area for NetApp in the future, and the company’s growth in the Chinese market will be three-fold to four-fold growth. space.
According to his estimation, in the field of data storage, the entire Chinese market is approximately US$1.1 billion, and the company’s current high growth rate in China is still obtained without huge investment. In the future, NetApp will have many opportunities to expand its growth potential.
Tom Georgens predicts that the size of the future data storage market will reach 150-200 billion US dollars, but this market is a market that is cut and internationalized.
In terms of market share, NetApp is the second largest data storage manufacturer in the world. In fiscal year 2011 Q1, NetApp Q1 revenue was US$1.14 billion, an increase of 36% over the same period last year.
In terms of market share, NetApp is the second largest data storage manufacturer in the world.
According to the company’s financial report, NetApp’s fiscal 2011 first quarter (May 1, 2010 to July 30, 2010), the company achieved sales revenue of US$1.61 billion and net profit of US$142 million.
In May 2010, NetApp announced its fourth quarter and fiscal 2010 (May 1, 2009 to April 30, 2010) revenue reports as of April 30, 2010, again exceeding the expected level. Revenue, operating income, and net income per share have reached new highs. NetApp's GAAP net profit nearly quadrupled in the fourth quarter, from $68.4 million in the fourth quarter of 2009 to $145.1 million.
NetApp’s revenue in the fourth quarter of 2010 was US$1.17 billion, compared to US$880 million in the same period last year. In fiscal year 2010, NetApp’s total revenue was US$3.93 billion, an increase of 15% from GAP revenue of US$3.41 billion in the same period of last year. The net income of the fiscal year was US$400 million, compared with only US$65 million in the same period of last year.
He said that although the company’s current market share in China is still not very high, its growth rate has surpassed that of other global markets. "There are no factories in China, and there are no competitors of the same level in the country. Domestic manufacturers cannot reach our production technology and can only produce low-end products, and we are high-end products."
Tom Georgens said that in the Asian market, the company’s fiscal first-quarter revenue reached 120 million U.S. dollars, accounting for 11% of global revenue, while the Chinese market grew faster than other countries in the Asia-Pacific region.
Taking into account China's overall economic growth rate of 8%, Tom Georgens believes that as the world’s second-largest and most rapidly developing IT market, China will be a key development area for NetApp in the future, and the company’s growth in the Chinese market will be three-fold to four-fold growth. space.
According to his estimation, in the field of data storage, the entire Chinese market is approximately US$1.1 billion, and the company’s current high growth rate in China is still obtained without huge investment. In the future, NetApp will have many opportunities to expand its growth potential.
Tom Georgens predicts that the size of the future data storage market will reach 150-200 billion US dollars, but this market is a market that is cut and internationalized.
In terms of market share, NetApp is the second largest data storage manufacturer in the world. In fiscal year 2011 Q1, NetApp Q1 revenue was US$1.14 billion, an increase of 36% over the same period last year.
In terms of market share, NetApp is the second largest data storage manufacturer in the world.
According to the company’s financial report, NetApp’s fiscal 2011 first quarter (May 1, 2010 to July 30, 2010), the company achieved sales revenue of US$1.61 billion and net profit of US$142 million.
In May 2010, NetApp announced its fourth quarter and fiscal 2010 (May 1, 2009 to April 30, 2010) revenue reports as of April 30, 2010, again exceeding the expected level. Revenue, operating income, and net income per share have reached new highs. NetApp's GAAP net profit nearly quadrupled in the fourth quarter, from $68.4 million in the fourth quarter of 2009 to $145.1 million.
NetApp’s revenue in the fourth quarter of 2010 was US$1.17 billion, compared to US$880 million in the same period last year. In fiscal year 2010, NetApp’s total revenue was US$3.93 billion, an increase of 15% from GAP revenue of US$3.41 billion in the same period of last year. The net income of the fiscal year was US$400 million, compared with only US$65 million in the same period of last year.
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