NetApp revenue falls four percent

Reuters News
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Posted: May 21, 2014 4:10 PM

(Reuters) - NetApp Inc's quarterly revenue fell 4 percent, hurt by lower sales of data storage products.

Net income rose to $197 million, or 59 cents per share, for the fourth quarter ended April 25 from $173.8 million, or 47 cents per share, a year earlier.

Revenue fell to $1.65 billion. Product revenue fell 8 percent to $1.04 billion.

(Reporting by Soham Chatterjee; Editing by Joyjeet Das)