NetApp Inc (NTAP.O), a statistics storage gadget maker,
stated lower-than-anticipated quarterly revenue, hurt by vulnerable call for
for its garage products, and stated it would reduce about 12 percent of its
personnel.
Stocks of the agency, which also forecast fourth-area
profits well below analysts' estimates, were down 2.8 percentage at $22.90 in
prolonged trading.
NetApp stated it anticipated a income of among 55 cents and
60 cents per proportion for the present day region. Analysts on common were
anticipating a income of seventy two cents, consistent with Thomson Reuters
I/B/E/S.
Net profits fell to $153 million, or 52 cents in line with
proportion, within the 1/3 sector ended Jan. 29 from $177 million, or 56 cents
in step with share, a yr in advance.
Apart from gadgets, the agency earned 70 cents in step with
percentage.
The company's merchandise sales fell 19.three percent to
$750 million inside the 0.33 area.
Overall revenue fell 10.6 percentage to $1.39 billion.
Analysts estimated a profit 68 cents per proportion on
revenue of $1.forty five billion.
NetApp had about 12,810 personnel as of April 24, 2015, according to a regulatory
filing.
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