Menu
Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Network Appliance Demonstrates Continued Market Growth

  • 07 June, 2004 09:02

<p>Maintains strong lead in iSCSI: Continues growth in network-attached storage</p>
<p>Network Appliance, Inc. (NASDAQ: NTAP) has demonstrated its rapid market share growth in disk storage systems, posting strong revenue in the worldwide networked storage market (Network-attached storage [NAS] plus Open and iSCSI SAN) with sequential quarterly growth of 8.1 per cent.</p>
<p>According to IDC’s Worldwide Quarterly Disk Storage Systems Tracker, year over year the company grew revenue in worldwide networked storage by 22.3 per cent versus the market growth of 17.5 per cent.</p>
<p>According to IDC, NetApp maintained a strong lead in the iSCSI disk storage market for first quarter 2004 (1Q04), with 48.4 per cent of the market, as measured by factory revenue and 65.2 per cent in terabytes shipped.</p>
<p>In its core NAS market, NetApp demonstrated leadership in NAS hardware for 1Q04 in both revenue and terabytes shipped.* The company posted a 35.1 per cent revenue market share with a 14.4 per cent increase in revenue year over year (vs. CY03Q1) and a 7.0 per cent increase sequentially (vs. CY03Q4). The overall NAS market grew 1.9 per cent sequentially, demonstrating NetApp outpacing the industry on a sequential basis.</p>
<p>The results validate the early leadership position Network Appliance carved by offering iSCSI protocol support on its storage systems and the company’s continued focus to broaden its overall market reach and execute a winning storage strategy that solves customer challenges in storage consolidation, business continuance, data protection, disaster recovery, and archive and reference needs.</p>
<p>“Our continued growth in key market segments combined with our recent earnings announcement in which NetApp reported total revenue growth of 39.5 per cent year over year demonstrates the NetApp drive to provide customers with new and innovative systems platforms, storage technologies and software,” said Patrick Rogers, Vice President of Marketing at Network Appliance. “As evidenced by IDC’s market figures, customers continue to demand simple, scalable and affordable technology for their networked storage requirements and are turning to NetApp, the iSCSI pioneer, to help them realise the real-world benefits of IP storage.”</p>
<p>iSCSI is particularly appealing for distributed storage environments where price and performance are top-of-mind concerns. Based on standard IP protocols, iSCSI systems are simple and economical to deploy. iSCSI solutions enable IT managers to consolidate and centralise storage management of widespread storage pools in workgroup and/or departmental configurations and to enjoy the benefits of networked storage in the broader reaches of today’s data-intensive enterprise.</p>
<p>“NetApp continues to increase its market share in the local region as customers embrace our unified storage message and iSCSI,” said Simon Green, Managing Director, Australia and New Zealand for Network Appliance. “IDC’s findings demonstrate that NetApp is taking the right approach to customer and product strategy, underpinning our continued leadership position.”</p>
<p>news ends</p>
<p>Notes for Editors</p>
<p>About Network Appliance
Network Appliance is a world leader in unified storage solutions for today's data-intensive enterprise. Since its inception in 1992, Network Appliance has delivered technology, product and partner firsts that continue to drive "The evolution of storage™". Information about Network Appliance™ solutions and services is available at www.netapp.com.</p>
<p>*According to IDC’s Worldwide Quarterly Disk Storage Systems Tracker, Network Appliance was in a statistical tie for the number-one position in overall NAS revenue in 1Q2004.</p>
<p>NetApp is a registered trademark and Network Appliance and The evolution of storage are trademarks of Network Appliance, Inc. in the U.S. and other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.</p>
<p>For further information please contact -
Harry Christian
Network Appliance, Inc.
tels + 61 (0) 2 9779 5600 &amp; + 61 (0) 407 100 666</p>
<p>Press contact -
Derek Evans
Gotley Nix Evans Pty Ltd
tels +61 (0) 2 9957 5555 &amp; +61 (0) 410 601 673
pr@gne.com.au</p>

Most Popular

Market Place