Page 2 of 2
When asked about EMC's proposed acquisition of Isilon, which would combine two of NetApp's primary rivals into a single company, Georgens compared the proposed deal to HP's acquisition this Summer of 3PAR.
NetApp is currently enjoying organic growth of over 30 percent, while its primary competitors are either facing negative or very small positive organic growth, Georgens said. "So this (acquisition) is as much about the acquirer as it is about the target," he said.
Isilon has some product overlap with NetApp, and in the hands of EMC will probably have some more overlap with NetApp, Georgens said. "But we'll continue to compete," he said.
Looking forward, NetApp expects revenue for its third fiscal quarter of 2011 to be between $1.24 billion and $1.29 billion, or between 23 percent and 28 percent over the revenue it reported last year.
The company also expects earnings per share to be in the 39 cents to 41 cents range, up from the 30 cents per share it reported last year.
Georgens said NetApp's third fiscal quarter will be another quarter of deferred software and services growth, but that he expects somewhat better growth going forward.
"Most of the growth in the top line will come from product sales... Everything we do here attaches to products," he said.
<< Previous
|
1
|
2
